The fossil fuel, utilities and transportation sectors are known for speaking as little as possible on the subject of climate change impact– however, they sure will put their money where their mouth is when it comes to lobbying for climate change legislation. For the first time, a Drexel University researcher analyzed lobbying data, finding that these sectors out-lobbied environmental organizations and alternative energy corporations, both proponents of emissions regulation.

The 2010 Deepwater Horizon oil spill disaster may have had a lasting impact upon even the smallest organisms in the Gulf of Mexico, scientists have found – amid warnings that the oceans around America are also under fresh assault as a result of environmental policies under Donald Trump. Lingering oil residues have altered the basic building blocks of life in the ocean by reducing biodiversity in sites closest to the spill, which occurred when a BP drilling rig exploded in April 2010, killing 11 workers and spewing about 4m barrels of oil into the Gulf.

President Donald Trump on Wednesday ended an eight-year-old policy to protect oceans. The policy was created as hundreds of millions of gallons of oil spilled into the Gulf of Mexico from a broken well, covering more than 65,000 square miles, killing untold numbers of wildlife and devastating fisheries in several Gulf Coast states.

Europe continues to cut back on its oil purchases from Russia due to the dropping quality of the Urals variety. At the end of January-May, shipments to the EU through the primary ports of export fell by double-digit figures, Transneft vice president Sergey Andronov told Vedomosti. European clients bought 24% less from Primorsk than last year (16.1 million tons). Shipments out of Novorossiysk fell by 17% (to 7.7 million tons), and shipments from Ust-Luga by 26%.

As the Organization of Petroleum Exporting Countries (Opec) prepares to meet on June 22, its members are looking at a very different world than just a few years ago. The massive oil supply glut – and rock bottom prices – is gone. The global economy is stronger, fossil-fuel energy demand is at a record high, and the nuclear deal that allowed Iran, an Opec member, to start selling oil again is in tatters. After falling to sub-$30 a barrel in early 2016 for Brent, the global benchmark, and West Texas Intermediate, the US benchmark, oil prices have risen to about $76 and $67 a barrel respectively.

Oil prices have broken out of a "sweet spot" for global economic growth and could herald a U.S. recession if they keep rising, UBS warns. The Swiss investment bank on Tuesday joined a chorus of financial institutions in pondering the economic impact of oil prices at $100 a barrel. Crude futures are trading near their highest levels in 3½ years, bolstered by strong demand, supply cuts from big producers, and mounting geopolitical tension in the Middle East and Venezuela.

Enduro Resource Partners, an oil and natural gas exploration company founded in 2010 by the prominent Fort Worth father-and-son team Jon Brumley and Jonny Brumley, has filed for bankruptcy reorganization as the company prepares to sell its holdings in six states. The company has been "undermined by persistently low oil and gas prices during the past several years," Kimberly Weimer, Enduro's chief financial officer, said in the documents, filed in Delaware Tuesday. Enduro's debt, she said, "became insurmountable."

Some of the world’s biggest fund managers are ratcheting up the pressure on oil and gas companies, expressing fear that a lack of action over tackling climate change could risk their investments. The comments come days before Big Oil kicks off annual shareholder meetings, where they are already facing calls from smaller investors to set clear targets on climate change and even cut their investments in fossil fuels. That could now gain momentum with the nudge from large investors who manage trillions of dollars of funds.

Oil companies don’t like talking about climate change. As the prime movers of fossil fuels, they’d probably prefer not to mention it at all. But sometimes outside pressure forces companies to do things they don’t like. That’s where “corporate social responsibility” (CSR) reports come in. Issued annually by many large companies, these reports assess performance on measures that go beyond the bottom line, like environmental protection or human rights.

New research from North Carolina State University and the University of Colorado Boulder finds that steep declines in the use of coal for power generation over the past decade were caused largely by less expensive natural gas and the availability of wind energy – not by environmental regulations. “From 2008 to 2013, coal dropped from about 50 percent of U.S. power generation to around 30 percent,” says Harrison Fell, an associate professor of resource economics at NC State and co-lead author of a paper on the work.

The Environmental Protection Agency (EPA) has granted a financial hardship waiver to an Oklahoma oil refinery owned by billionaire and Trump confidant Carl Icahn. First reported by Reuters, the waiver will exempt the oil refinery from requirements under a federal biofuels law — the Renewable Fuel Standard (RFS) — effectively allowing it to avoid tens of millions of dollars in costs. The RFS rules aim to limit air pollution, reduce oil imports, and support corn farmers by requiring refineries to include biofuels in the nation’s gasoline and diesel mix.

As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude.

A pipeline owned by Paramount Resources Ltd. released an estimated 100,000 litres of crude oil and 190,000 litres of produced water near Zama City, in northwest Alberta, according to an April 11 incident report filed with the Alberta Energy Regulator.

New Zealand has stunned the energy industry by slapping a new cap on drilling for oil and gas in its waters as part of efforts to combat climate change. Prime Minister Jacinda Ardern announced Thursday that the government will "no longer be granting any new offshore oil and gas exploration permits." "This is another step on our transition away from fossil fuels and towards a carbon neutral economy," Ardern said in a speech.

Oil giant Shell was aware of the consequences of climate change, and the role fossil fuels were playing in it, as far back as 1988, documents unearthed by a Dutch news organisation have revealed. They include a calculation that the oil company’s products alone were responsible for 4 per cent of total global carbon emissions in 1984. They also predict that changes to sea levels and weather would be “larger than any that have occurred over the past 12,000 years”.

After several years and nearly $100 million of research, engineers say they have developed new technology to extract valuable metals from the waste produced by the oilsands in northern Alberta. Canadian Natural Resources and Titanium Corp. have a proposal to construct a $400-million facility at CNR's Horizon oilsands site to produce titanium and zircon from the materials left over from bitumen production.

Former California Gov. Arnold Schwarzenegger (R) is planning to sue oil companies, alleging they are "knowingly killing people all over the world." Schwarzenegger said during an interview with Politico's "Off Message" podcast that he is still working on the timing for his push, but he is now speaking with private law firms.

The nation's largest energy company said it earned an $8.4 billion in the last three months of the years, up from $1.7 billion during the same period in 2016. Revenues jumped 18 percent from the previous years to $66.5 billion. Exxon Mobil received nearly $6 billion in tax benefits for the quarter which were offset by the $1.3 billion write-down in the value of older dry gas assets that lacked potential.

The World Bank, which provides developing countries about US$60 billion a year in financial assistance, is officially phasing out its support for the oil and gas industries. This move brings its actions more in sync with its overarching commitment to slowing the pace of climate change and keeping the Paris agreement on track. Based on my research regarding international relations, I see this move – which World Bank President Jim Yong Kim announced in December – as significant for two reasons.

The United States is expected to take over Saudi Arabia and even rival Russia as the world’s leading energy producer, the International Energy Agency said on Friday. “This year promises to be a record-setting one for the U.S.," said the Paris-based global energy watchdog in their widely anticipated monthly report.