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As Rest of World Moves Towards Renewables, US Keeps Offering Exclusive Tax Breaks for Fossil Fuels
As Rest of World Moves Towards Renewables, US Keeps Offering Exclusive Tax Breaks for Fossil Fuels About a half decade ago, as the shale drilling rush was sweeping across the U.S., drillers needed upfront cash — and quick — to let them snap up acreage, drill and frack exploratory wells, and hone their skills at […]
GOP Tax Law Bails Out Fracking Companies Buried in Debt
GOP Tax Law Bails Out Fracking Companies Buried in Debt EOG Resources is one of the top companies in the fracking industry, and thanks to the new tax bill passed by Republicans and President Donald Trump at the end of last year, EOG had an exceptionally strong year compared to 2016. In 2017, the company reported a net income of […]
World May Hit 2 Degrees of Warming in 10-15 Years Thanks to Fracking, Says Cornell Scientist
World May Hit 2 Degrees of Warming in 10-15 Years Thanks to Fracking, Says Cornell Scientist In 2011, a Cornell University research team first made the groundbreaking discovery that leaking methane from the shale gas fracking boom could make burning fracked gas worse for the climate than coal. In a sobering lecture released this month, a member […]
The Secret of the Great American Fracking Bubble
The Secret of the Great American Fracking Bubble In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which […]
Aliso Canyon Disaster Highlights Risks, Inadequate Safety Rules Governing Natural Gas Storage
Aliso Canyon Disaster Highlights Risks, Inadequate Safety Rules Governing Natural Gas Storage A recent report spearheaded by researchers at the University of Southern California blames the largest greenhouse gas leak in U.S. history on dysfunctional management and poor regulatory oversight. Southern California Gas (SoCalGas) is the company that operates the Aliso Canyon natural gas storage facility near the Los […]
Nations Won’t Reach Paris Climate Goal Without Protecting Wildlife and Nature, Warns Report
Nations Won’t Reach Paris Climate Goal Without Protecting Wildlife and Nature, Warns Report A sweeping new report released today emphasizes just how intertwined the challenges of climate change and loss of biodiversity truly are. The Paris Climate Agreement and several other United Nations (UN) pacts “all depend on the health and vitality of our natural environment […]
Nations Won’t Reach Paris Climate Goal Without Protecting Wildlife and Nature, Warns Report
Nations Won’t Reach Paris Climate Goal Without Protecting Wildlife and Nature, Warns Report A sweeping new report released today emphasizes just how intertwined the challenges of climate change and loss of biodiversity truly are. The Paris Climate Agreement and several other United Nations (UN) pacts “all depend on the health and vitality of our natural environment […]
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail
Canada’s Pipeline Challenges Will Force More Tar Sands Oil to Move by Rail The Motley Fool has been advising investors on “How to Profit From the Re-Emergence of Canada’s Crude-by-Rail Strategy.” But what makes transporting Canadian crude oil by rail attractive to investors? According to the Motley Fool, the reason is “… right now, there is so much excess oil being […]
The Manhattan Institute’s Joke of a Wall Street Journal Op-Ed
The Manhattan Institute’s Joke of a Wall Street Journal Op-Ed A new report by Oren Cass of the Manhattan Institute for Policy Research dismisses predictions of the impacts of a warming world with a simple solution: When climate change turns up the heat, people just need to turn on their air conditioners. From his analysis, “Overheated: How […]
Yes, Exxon Is Accusing Local Governments of Misleading Investors on Climate Change
Yes, Exxon Is Accusing Local Governments of Misleading Investors on Climate Change In January, ExxonMobil filed a legal petition seeking to depose more than a dozen city and county government officials in California, claiming that the municipal officials are defrauding investors by not fully disclosing the risks posed by climate change. You read that right. Exxon is […]
Drilling and Mining Interests Pushed to Shrink Utah National Monuments, Documents Reveal
Drilling and Mining Interests Pushed to Shrink Utah National Monuments, Documents Reveal Even though Interior Secretary Ryan Zinke insisted “this is not about energy,” environmentalists and public lands advocates have long suspected the Trump administration’s cuts to national monuments were driven by its push for more drilling, mining and other development. Now, internal Interior Department documents obtained by the New York Times show that […]
Emails Reveal Trump Admin Mulling Big Oil Plan to Transfer Public Land to States
Emails Reveal Trump Admin Mulling Big Oil Plan to Transfer Public Land to States During its first year under Donald Trump, the U.S. Department of Interior has coordinated closely with the oil and gas industry to accomplish its priorities on the nation’s expansive federal lands. Among them: considering a plan to transfer control of oil and gas development on public […]
Federal Judge Halts Bayou Bridge Pipeline Installation, But Photos Show Damage Already Inflicted
Federal Judge Halts Bayou Bridge Pipeline Installation, But Photos Show Damage Already Inflicted There was an eerie stillness along the route of the Bayou Bridge pipeline in Louisiana’s Atchafalaya Basin the day after a federal judge halted work on the pipeline. A temporary injunction was granted two weeks after groups opposed to the pipeline had their […]
Wyoming Now Third State to Propose ALEC Bill Cracking Down on Pipeline Protests
Wyoming Now Third State to Propose ALEC Bill Cracking Down on Pipeline Protests On the heels of Iowa and Ohio, Wyoming has become the third state to introduce a bill criminalizing the type of activities undertaken by past oil and gas pipeline protesters. One of the Wyoming bill’s co-sponsors even says it was inspired by the protests led by […]
