-
+19 +1Fossil fuel firms linked to Trump get millions in coronavirus small business aid
US fossil fuel companies have taken at least $50m in taxpayer money they probably won’t have to pay back, according to a review of coronavirus aid meant for struggling small businesses by the investigative research group Documented and the Guardian. A total of $28m is going to three coal mining companies, all with ties to Trump officials, bolstering a dying American industry and a fuel that scientists insist world leaders must shift away from to avoid the worst of the climate crisis.
-
+2 +1Don't bail out fossil fuels. Buy them out instead
The pandemic-induced global financial meltdown has rocked the fossil fuel industry, leaving American drilling and fracking companies begging for bailouts. Then things slid from crisis to catastrophe as crude prices temporarily plunged into negative territory, leading President Donald Trump to tweet this week that he would "never let the great U.S. Oil & Gas Industry down," signaling his renewed push to use taxpayers' money to throw fossil fuels a federal lifeline.
-
+4 +1Oil prices have fallen below $0 a barrel. What does it mean for the climate?
As the pandemic has shut down much of the global economy—at the same time as a price war on oil—oil prices have cratered. In the U.S., crude oil prices went negative for the first time in history on Monday. Whiting Petroleum, a large shale oil company, filed for bankruptcy earlier this month, and hundreds of other oil companies are also now at risk of bankruptcy. Natural gas prices are also falling. At a time when the world needs to transition from fossil fuels to avoid the even bigger catastrophe of climate change, what does the state of the industry mean for the climate?
-
+22 +1U.S. Oil Prices Fall To $11 Per Barrel In Historic Crash
The front-month WTI crude contract crashed by 37 percent early on Monday as the May contract expires on Tuesday and the market fears there is not much storage left in the United States amid collapsing demand in the coronavirus pandemic. At 8:54 a.m. EDT on Monday, the front-month WTI Crude price was plummeting by 37.22 percent at $11.47. The Brent Crude front-month contract was also under pressure, trading down 6.02 percent at $26.39.
-
+4 +1OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%.
-
+16 +1A decade after the Deepwater Horizon explosion, offshore drilling is still unsafe
Ten years ago, on April 20, 2010, the BP Deepwater Horizon oil rig exploded, killing 11 crew members and starting the largest ocean oil spill in history. Over the next three months, between 4 million and 5 million barrels of oil spewed into the Gulf of Mexico. I was a member of the oil spill commission appointed by President Obama to investigate the causes of the disaster. Later, I served as a courtroom witness for the government on the effects of the spill.
-
+20 +1Big Oil is using the coronavirus pandemic to push through the Keystone XL pipeline
I’m going to tell you the single worst story I’ve heard in these past few horrid months, a story that combines naked greed, political influence peddling, a willingness to endanger innocent human beings, utter blindness to one of the greatest calamities in human history and a complete disregard for the next crisis aiming for our planet. I’m going to try to stay calm enough to tell it properly, but I confess it’s hard.
-
+12 +1Will the coronavirus kill the oil industry and help save the climate?
The plunging demand for oil wrought by the coronavirus pandemic combined with a savage price war has left the fossil fuel industry broken and in survival mode, according to analysts. It faces the gravest challenge in its 100-year history, they say, one that will permanently alter the industry. With some calling the scene a “hellscape”, the least lurid description is “unprecedented”.
-
+28 +1Oil drops more than 6% to 18-year low as global demand evaporates
U.S. oil dropped to an 18-year low on Monday as demand continues to evaporate, and as Saudi Arabia and other OPEC+ nations prepare to ramp up production. With much of the world in lockdown as the coronavirus pandemic rages on, demand for oil has fallen off a cliff. People aren’t travelling and business has slowed, reducing the need for jet fuel and gasoline.
-
+19 +1Oil Price Crash Opens A Window Of Opportunity For Renewables
Just a month ago, companies and investors had a financial incentive to continue investing in new oil and gas projects despite the societal and environmentalist backlash against fossil fuels. Not anymore. In just a couple of weeks, the oil price crash made investments in renewable energy starting to look more attractive. Or at least as attractive as investment in oil and gas.
-
+18 +1Not even a pandemic can stop Trump from pushing fossil fuels
During the partial government shutdown that started in December 2018 and became the longest in US history, the fossil fuel-friendly Trump administration plowed ahead with its “energy dominance” agenda. As about 800,000 federal workers went without paychecks, the Interior Department worked to boost oil and gas development in the Alaskan Arctic, processed fossil fuel drilling applications and permits, and even brought back dozens of furloughed employees to ensure offshore drilling activities continued.
-
+16 +1Oil and gas industry rewards US lawmakers who oppose environmental protections – study
The oil and gas industry substantially rewards US legislators with campaign donations when they oppose environmental protections, according to a new analysis of congressional votes and political contributions.
-
+8 +1Canadian mining giant withdraws plans for C$20bn tar sands project
A Canadian mining giant has withdrawn plans for a massive C$20.6bn ($15.7bn) tar sands mine, days before the federal government was to decide on whether to approve the controversial project. Teck Resources’ surprise decision to withdraw from open pit Frontier Mine project landed as a bombshell on Sunday night, prompting outrage from politicians in oil-rich Alberta and cheers from environmental groups.
-
+20 +1Oil and gas firms 'have had far worse climate impact than thought'
The oil and gas industry has had a far worse impact on the climate than previously believed, according to a study indicating that human emissions of fossil methane have been underestimated by up to 40%. Although the research will add to pressure on fossil fuel companies, scientists said there was cause for hope because it showed a big extra benefit could come from tighter regulation of the industry and a faster shift towards renewable energy.
-
+4 +1Members of Congress Own Up to $93 Million in Fossil Fuel Stocks
As dire climate change projections mount, one in four members of Congress is invested in oil, gas, or coal interests.
-
+16 +1‘Security deteriorating rapidly’ in Abyei on Sudan-South Sudan border
The security situation in the disputed area of Abyei on the Sudan-South Sudan border is deteriorating rapidly, the head of the Abyei civil society reported on Tuesday.
-
+13 +1The Keystone Oil Spill No One's Talking About Will Be Nearly Impossible to Clean Up
When the Keystone Pipeline burst last week, half of an Olympic-sized swimming pool’s worth of a particularly dirty fossil fuel spilled into wetlands in North Dakota. And the thick liquid, known as tar sands oil, will be nearly impossible to clean up.
-
+19 +1Why Big Oil faces court cases that echo the litigation against Big Tobacco in the '90s | CBC News
How much did the oil industry know about the impact of fossil fuel emissions on the climate? When did they know it? And what did they do with that knowledge? Those are the central questions in a series of court cases attempting to hold companies accountable for their role in climate change.
-
+4 +1Climate change: Did we just witness the beginning of the end of Big Oil?
Is the oil barrel half empty or half full? In the past week you had your pick of answers to choose from, and they were bookended nicely from the week’s beginning to its end. The missile and drone attack on the largest Saudi Arabian oil-refining operation, which resulted in the largest single-day gain for crude oil ever on Monday, reminded a world that had gone a long time without a geopolitical shock how central the role of oil remains.
-
+4 +1'Protesters as terrorists': growing number of states turn anti-pipeline activism into a crime
From the Standing Rock camps in North Dakota to tree-sits in Texas, activists have attempted to stop pipeline construction with massive shows of civil disobedience. Now they could be forced to change those tactics, or face heavy penalties under a wave of new anti-protest laws that civil liberties advocates say violate the first amendment.
Submit a link
Start a discussion




















