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Record number of oil and gas firms go bust as rene...

The world’s largest private power production company warns the sector that renewables could drive the oil price as low as $10 a barrel. A record number of oil and gas companies became insolvent last year, according to a new study which environmentalists said highlighted the need for the UK to prepare for the move to a low-carbon economy. They warned that the loss of jobs in the sector when it becomes clear that fossil fuels...

Protest Challenges Fracking Plan for Ohio’s Only N...

  For Immediate Release, August 1, 2017 Contact: Taylor McKinnon, Center for Biological Diversity, (801) 300-2414, tmckinnon@biologicaldiversity.org Nathan Johnson, Ohio Environmental Council, (614) 487-5841, NJohnson@theOEC.org Jen Miller, Sierra Club Ohio Chapter, (614) 461-0734 x 300 jen.miller@sierraclub.org Tabitha Tripp, Heartwood, (812) 307-4326, info@heartwood.org Protest Challenges Fracking Plan for Ohio’s Only...

UK to ban gas and diesel cars by 2040

Electric cars will soon be as cheap as gas ones, “signaling economic turmoil for oil-exporting countries.” The UK will ban the sale of new petrol and diesel cars and vans by 2040 to reduce pollution and improve public health, its government is announcing Wednesday. The UK joins a growing list of countries — including India, France, and Norway — with similar plans to phase out fossil fuel-burning cars. Peak oil demand is now...

Investors Grow Wary of Big Oil

 Three years into an oil-price slump, investors want the world’s biggest oil companies to do something they have historically struggled with: Maintain some financial discipline. The companies are under pressure to show they are continuing to move on from budget-busting projects once common in the industry, as they head into second-quarter financial disclosures that begin on Thursday with Royal Dutch PLC and Total SA. Shell,...

State criticized for shifting millions from oil-an...

With three legislators objecting to the “raid,” a state board on Monday approved appropriating $15 million from an oil-and-gas fund designated by law to protect Ohioans and the environment, to be used to pay a settlement of an unrelated lawsuit. The Controlling Board voted 4-3 to remove the money from the fund, which is used in part to seal “orphan” natural-gas and oil wells, to fund a settlement with landowners near Grand...

Editorial: ‘Keystone XL Pipeline Runs Afoul of the...

Editorial Board of the St. Louis Post-Dispatch: The company that is building the controversial Keystone XL pipeline no doubt wishes Energy Secretary Rick Perry had been right last week when he explained the law of supply and demand. At a coal-fired power plant in West Virginia on Thursday, Perry dismissed worries about the future of coal by saying, “Here’s a little economics lesson: supply and demand. You put the supply out...

Just 100 companies responsible for 71% of greenhou...

The most polluting investor-owned companies on the list are ExxonMobil, Shell, BP and Chevron Just 100 companies are responsible for more than 70 per cent of global greenhouse gas emissions over the last three decades, new research has revealed. The Carbon Majors Report, from the Carbon Disclosure Project, found that just 25 of those companies are the source of more than half of greenhouse gas emissions since 1988 – the year...

EPA halts Obama-era methane emissions rule for oil...

Delay will increase health risks for residents who live near industry facilities, groups say. EPA Administrator Scott Pruitt ordered his agency halt and reconsider portions of a methane rule issued by the Obama administration in 2016. CREDIT: AP Photo/Susan Walsh The Trump administration’s Environmental Protection Agency ordered a halt on Wednesday to an Obama-era rule created to reduce methane leaks from new and modified...

Rover Pipeline faces more environmental scrutiny &...

The Ohio Environmental Protection Agency said Thursday it found diesel fuel in the drilling mud Rover Pipeline builders spilled in a local wetland in April. With the discovery, the state EPA raised the proposed penalty against Rover to $914,000 and ordered the pipeline company to monitor groundwater around the spill area and near a quarry where workers have been disposing drilling mud in pits. The quarry is near a well owned...

Another Fracking Time Bomb Lurks Beneath U.S.

You’ve heard about the earthquakes, the controversial claims of flammable tap water, the potential contamination of streams, lakes and drinking water aquifers, but the system that’s supposed to pay for these calamities may itself be a pending disaster. Most states protect taxpayers from cleanup costs by requiring oil and gas producers to buy a surety bond that will pay in the event of a disaster. But those bond...

Climate change: $4 trillion carbon tax is needed t...

World Bank-backed report says revenue could be used in a number of ways, such as paying out household rebates, alleviating poverty and fostering low-carbon infrastructure Cottam coal-fired power station in Nottinghamshire AFP/Getty A global carbon tax that would raise trillions of dollars if applied across the world should be introduced if the world is to avoid dangerous climate change, 13 leading economists have said in a...

Exxon shareholders vote to force company to disclo...

In a first, the oil and gas giant will be forced to consider risks to its assets as the world moves to a low-carbon future. <img class=”progressiveMedia-noscript js-progressiveMedia-inner” src=”https://cdn-images-1.medium.com/max/800/1*H_M04ZYuoCCkA0Gl–KKBQ.jpeg”> CREDIT: AP Photo/Mark Humphrey In a surprise victory for climate advocates, 62...

Taxpayers Charged $7 Billion a Year to Subsidize F...

The federal government is providing extensive support for fossil fuel production on public lands and waters offshore, through a combination of direct subsidies, enforcement loopholes, lax royalty collection, stagnant lease rates and other advantages to the industry, a report released Wednesday found. The government is contributing at least $7 billion per year in subsidies to support fossil fuel production on federally held...

Mill Creek MetroParks wants exemption from state b...

YOUNGSTOWN Mill Creek MetroParks has joined with other park districts across the state in opposing a provision in the proposed state budget that pertains to oil and gas drilling. House Bill 49, which passed the Ohio House of Representatives and is now going through Senate committees, allows public entities such as park districts to be placed in an oil and gas “unit,” which joins together a combination of land tracts for the...

Financial Times declares a winner in the war for e...

Wind turbines in California. CREDIT: AP/Noah Berger, File Financial Times declares a winner in the war for energy’s future, and Big Oil won’t be happy ‘Fossil fuels have lost. The rest of the world just doesn’t know it yet.’ ThinkProgress | Traditional energy companies and mainstream financial publications are finally waking up to the new reality: The shift to renewable energy, electric cars, and a low-carbon economy is now...