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WORLD’S LARGEST OIL COMPANIES: Deep Trouble As Pro...

The world’s largest oil companies are in serious trouble as their balance sheets deteriorate from higher costs, falling profits and skyrocketing debt.  The glory days of the highly profitable global oil companies have come to an end.  All that remains now is a mere shadow of the once mighty oil industry that will be forced to continue cannibalizing itself to produce the last bit of valuable oil. I realize my extremely...

‘This is a really big deal’: Canada na...

Pioneering peer reviewed study measured methane emissions from oil and gas infrastructure in two regions in Alberta: ‘If we thought it was bad, it’s worse’ Alberta’s oil and gas industry – Canada’s largest producer of fossil fuel resources – could be emitting 25 to 50% more methane than previously believed, new research has suggested. The pioneering peer reviewed study, published in Environmental Science & Technology on...

Court nixes Trump admin’s ‘unlawful...

The Trump administration acted unlawfully when it froze Obama-era restrictions on greenhouse gas emissions from the oil and gas industry, a federal court ruled today. According to the U.S. District Court for the Northern District of California, the Interior Department misused a provision of the Administrative Procedure Act when it stalled key provisions of a rule aimed at reducing methane venting and flaring on public and...

Ohio agency wants troubled Rover Pipeline to pay $...

The Ohio Environmental Protection Agency is once again squaring off with Rover Pipeline LLC officials. On Wednesday, the state agency asked the Ohio attorney general’s office to hold pipeline officials financially responsible for $2.3 million in fines related to numerous environmental violations which have occurred during the $4.2 billion underground natural gas pipeline’s construction. Rover’s parent company is Dallas-based...

Trump Administration May Soon Ax Obama’s Big...

Many expect EPA will reassess the Clean Power Plan to show a higher price tag and smaller benefits U.S. EPA staff under Administrator Scott Pruitt might refute Obama-era findings that reducing carbon dioxide emissions has large health benefits. Credit: Riccardo Savi Getty Images When the Obama administration issued its landmark climate rule in 2015, officials declared that benefits to public health and the climate would be...

Oil and gas allies to Trump: Slow down

While the industry has generally cheered the administration’s approach, there are growing worries that its efforts could backfire. President Donald Trump’s aggressive drive to roll back environmental regulations is moving too fast even for some in the oil and gas industry. Publicly, petroleum companies and their trade groups are cheering Trump’s efforts to undo former President Barack Obama’s environmental...

A State Trend Toward Ignoring Trump Emission-Regul...

The Trump administration is abdicating Obama-era climate regulations, but a small — and growing — amount of states are taking matters into their own hands. The weapon of choice? The federal social cost of carbon, developed by the former Obama administration’s interagency working group composed of federal scientists and economists. The way it works is that it monetizes the net damages of carbon dioxide emissions,...

Failure to Set Cost of Carbon Hampers Trump’s Effo...

The Trump Administration ProPublica’s ongoing coverage of the 45th President. President Donald Trump’s efforts to boost fossil fuel extraction face a courtroom hurdle of his own making. His March 28 executive order “promoting energy independence and economic growth” rescinded the Obama administration’s calculation of the “social cost of carbon” — a metric that had been central to the process of crafting and justifying...

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...