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Oil and Gas

EU Weans Itself From Russian Energy; US Pushes New LNG Export Plant

Chester, Pennsylvania — When Zulene Mayfield testifies next week against plans to build a $6.8 billion liquefied natural gas (LNG) terminal in her Pennsylvania hometown, she will be facing off against some of the most powerful fossil fuel interests in the United States. As co-founder of the community group Chester Residents Concerned for Quality Living, Mayfield has spent years fighting to protect her majority Black and low-income city from the pollution spewed by the nearby Covanta waste-to-energy facility — the country’s largest waste incinerator. Now she finds herself pitted against a new confluence of forces — a lobbying effort by a fossil fuel complex stretching from her state’s Marcellus Shale gas fields to the boardrooms of European energy companies. 

70 Years After Iranian Coup, The British Still Won’t Confess To Crimes

On Aug. 19, 1953, 70 years ago this week, the democratically elected prime minister of Iran, Mohammad Mosaddegh—who had seized Iran’s vast oil fields from the British and put them under Iranian control—was removed from power in a coup organized and financed by the British and US governments. He was replaced by the dictatorial Shah, who immediately signed over 40% of Iran’s oil fields to US companies. The coup ushered in a long nightmare of repression, buttressed by Iran’s brutal secret police, SAVAK, trained and equipped by the CIA. The Shah not only crushed the democratic aspirations of Iranians, but enriched US oil companies and purchased billions of dollars of weapons from US weapons manufacturers.

Just Stop Oil: The Intersection Of The Four Horsemen And The Web Of Life

In Part 4 of this Frankly mini-series, Nate concludes the deep dive into the nexus between “just stopping oil” and “just pumping oil” with 10 guideposts which might help us to navigate through the intersection of the Four Horsemen of the 2020s and the shrinking Web of Life….together known as The Great Simplification.  From decomplexifying at various scales to a change of consciousness arising from more humans focused on “Inner Tech”, there are many ways we as individuals and as a part of the greater society can manage the push and pull of both environment and economic issues while remaining grounded in the reality of energy, technology, behavior, and the economy.

New Study Finds Fracking Is Linked To Seismic Tremors

Hydraulic fracturing, commonly known as “fracking,” is a process where shale and other types of impermeable rock are blasted open with water, “fracking fluid” and sand in order to access and extract oil and natural gas. According to the Natural Resources Defense Council, fracking fluid contains chemical additives, the identities of which have often been shielded from disclosure on the basis that they are “confidential business information” or trade secrets. However, the U.S. Environmental Protection Agency identified 1,084 different reported chemicals used in fracking from 2005 to 2013.

The New ‘Tanker War’ And US Military Escalation In The Persian Gulf

The last time the United States placed armament and military personnel, ready to fight, on ocean-going commercial vessels was during the world wars of the 20th Century. In World War II, the U.S. Navy organized an Armed Guard that served on merchant ships — an unpopular duty, given how the freighters to which the sailors were assigned represented targets for the enemy at least as much as any offensive capability to inflict significant damage in return. Hundreds of these merchant ships were sunk despite their Navy contingent aboard, and some 2,000 members of the Armed Guard died.

The US Plot To Finalize The Theft Of Venezuela’s Oil

It was always about the oil. United States assertions that the government of elected president Nicolas Maduro was illegitimate were always a ruse needed to get U.S. corporate hands on Venezuela’s oil company, CITGO. All the years of demonization, choosing an “interim president” who addressed congress and met with U.S. allies around the world, and collusion with the corporate media to spread war propaganda, were all part of a bipartisan heist that would make a gangster blush. Actually, the plot is the work of gangsters. Barack Obama began the process with the first tranche of sanctions against Venezuela.

Just Stop Oil ! What If We Didn’t Use Gasoline?

In this must watch Frankly, Nate illustrates how a reduction in the demand for gasoline will not – as commonly believed  – result in a 1:1 reduction in the demand for oil. This is contrary to a widespread perception, which much growth in the Electric Vehicle industry has been based on, about the correlation between a decline in gasoline usage resulting in an overall decline in oil production and CO2 emissions. While a significant portion of oil refining results in gasoline, we need to be aware of modern civilization’s deep dependencies on the remaining products that all come from the same barrel of oil.

A Wasted Opportunity To Hold Oil Executives To Account

A chummy interview of Chevron CEO Mike Wirth by CNBC‘s Andrew Ross Sorkin saw the goal of mitigating the devastating harms of climate disruption pitted against the evidently equally important goal of making Wirth more money. Conceding that many people around the world are desperate for an end to the fossil fuels driving the catastrophe, including supposedly Wirth himself, Sorkin added, “At the same time, I think it would be impossible for you not to want your business to grow.” So there’s your frame: the life and health of people and the planet on the one hand, endless corporate profiteering on the other. Only question is, how do we balance them?

Fossil-Fuel Lobbyists Work For US Groups Trying To Fight Climate Crisis

More than 1,500 lobbyists in the US are working on behalf of fossil-fuel companies while at the same time representing hundreds of liberal-run cities, universities, technology companies and environmental groups that say they are tackling the climate crisis, the Guardian can reveal. Lobbyists for oil, gas and coal interests are also employed by a vast sweep of institutions, ranging from the city governments of Los Angeles, Chicago and Philadelphia; tech giants such as Apple and Google; more than 150 universities; some of the country’s leading environmental groups – and even ski resorts seeing their snow melted by global heating.

Public Pension Funds Have Lost Billions On Their Fossil Fuel Investments

For U.S. public pension funds, divesting from oil, coal, and gas would result in overall higher financial value. That is the key takeaway from a new study examining the past decade’s portfolio performance for several of the largest public pension funds in the country. The analysis by researchers at the University of Waterloo, published today in partnership with the organization Stand.earth, has found that the total cumulative value of six major U.S. public pension funds would have been about 13 percent higher had they divested from fossil fuel holdings ten years ago – equivalent to around $21 million in earnings.

Activists From Coast To Coast Demand Biden End Fossil Fuel Era

Washington D.C. – Over 2,000 climate activists, frontline leaders, and environmental justice organizations in over 65 locations in more than 25 US states joined together from June 8–11th for a national week of action to send a strong message to President Biden: no more fossil fuels. With the approval of Willow Project, fast-tracking of the Mountain Valley Pipeline, and rollbacks for environmental protections, the US is doubling down on it’s role as the world’s top oil and gas producer at a time when scientists could not be clearer that stopping fossil fuels is the only way to avert global climate catastrophe.

Rio Grande LNG’s Developer Led Ghostwriting Campaign

In March, a man named David Irizarry wrote a letter to the Federal Energy Regulatory Commission (FERC) in support of a liquefied natural gas (LNG) project to be built in Brownsville, Texas. The Rio Grande LNG project (RGLNG), estimated to cost more than $11 billion, would be the largest private sector investment in Texas’ history. But it was awaiting a key decision from FERC. “As you know, the US appeals court of the DC circuit rejected all but two of the claims put forward by opponents of RGLNG related to RGLNG’s FERC order,” Irizarry wrote. Irizarry is not in the gas business, nor does he deal with energy policy.

Debt Deal Gives Fossil Fuel Lobby A Legal Shield

The House of Representatives voted 314 - 117 last night to approve a debt deal that includes provisions expediting construction of a controversial fossil fuel pipeline — and attempting to block courts from hearing challenges to its legality. The language nestled into the agreement reached by the Biden administration and congressional Republicans last weekend came amid a flood of campaign cash from executives at NextEra Energy, one of the companies spearheading the pipeline, to Sen. Kyrsten Sinema (Ind.-Ariz.) and two other Democratic senators whose votes could be needed to pass the agreement.

People’s Health Tribunal Finds Shell And Total Energy Guilty

A panel of environmental and human rights activists acted as judges in a People’s Health Tribunal organized by African communities impacted by the operations of extractive corporations Shell and Total Energy. Supported by organizations like Medact, We the People, the People’s Health Movement, #STOPEACOP, and others, they found the corporations guilty of harming the health of people across Africa. Nnimmo Bassey, Jacqueline Patterson, Kanahaus Manuel, and Dimah Mahmoud condemned Shell and Total’s activities, stating that they were “extremely harmful to the livelihoods, health, right to shelter, quality of life, right to live in dignity, quality of environment, right to live free of discrimination and oppression, right to clean water, and right to self-determination.”

Fossil Fuel Companies Owe $5.4 Trillion In Reparations, Study Says

The biggest fossil fuel companies in the world owe at least $209 billion in yearly climate reparations to communities that suffered the brunt of the calamities caused by the climate crisis, a new study has concluded. While substantial, the researchers consider theirs to be a conservative cost estimate, as it did not put a price tag on the loss of lives or income, additional wellbeing considerations or extinction of species and other types of biodiversity depletion not reflected in gross domestic product calculations, reported The Guardian. The study said the 21 biggest polluters have collectively caused $5.4 trillion in sea level rise, drought, wildfires, glacial melt and other climate-related disasters.