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Oil and Gas

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

July 5, 2023 Oliver Milman, The Guardian. , , , ,
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

June 29, 2023 Dana Drugmand, DeSmog. , , ,
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

June 15, 2023 People Vs. Fossil Fuels, Popular Resistance. , , , ,
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

June 2, 2023 Nick Cunningham, DeSmog. , , ,
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

June 1, 2023 Rebecca Burns, Julia Rock and Andrew Perez, The Lever. , , , ,
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

May 25, 2023 People's Health Dispatch. , , , , , ,
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

May 24, 2023 Cristen Hemingway Jaynes, EcoWatch. , , ,
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.

Italy’s Eni Faces Lawsuit Alleging Early Knowledge Of Climate Change

May 11, 2023 Stella Levantesi, DeSmog. , , , ,
Italian oil major Eni is facing the country’s first climate lawsuit, with environmental groups alleging the company used “greenwashing” to push for more fossil fuels despite knowing of the risks posed by burning its products since 1970. Greenpeace Italy and Italian advocacy group ReCommon aim to build on a similar case targeting Anglo-Dutch oil major Royal Dutch Shell in the Netherlands to force Eni to slash its carbon emissions by 45 percent by 2030. While Eni is among the world’s largest oil companies, the company’s role in climate change has so far undergone scant scrutiny.

Biden Won’t Stop Climate Change

May 10, 2023 M. Carlstad, Left Voice. , , , , ,
President Biden laced his 2020 presidential campaign with rhetoric and promises about addressing climate change, drawing some to wonder if he could be America’s first “climate president.” More than two years in, the reality of his term is a letdown for those who hung their hopes on this label. With the official announcement that he’ll run for office again in 2024, it’s time to examine why “lesser evil” Biden and his flimsy platform represent nothing more than a green dream. As an example, Biden’s administration has now signed off on more gas and oil drilling permits than Trump had at the same point in his term — surpassing Trump by a few hundred at the two-year mark.

Oil Company Gave $200k To Group Accusing Pipeline Opponents Of Taking Secret Money

May 3, 2023 Geoff Dembicki, Desmog. , , ,
A First Nations advocacy group whose leader has accused pipeline protesters of being beholden to hidden financial interests has taken hundreds of thousands of dollars from one of Canada’s top oil and gas producers, newly reviewed corporate documents reveal. Stephen Buffalo, CEO of the Alberta-based Indian Resource Council, is one of the most outspoken Indigenous voices in favor of oil and gas expansion, testifying several times to Canada’s federal government and appearing frequently in mainstream media outlets. On multiple occasions he’s used his platform to attack the credibility of First Nations people and environmentalists who oppose new oil and gas development, alleging they are being controlled by secretive funders and one time asking “who’s really pulling the string here?”

Europe Pays More For Banned Russian Oil, Resold By India

May 1, 2023 Ben Norton, Geopolitical Economy. , , , , , , , , , ,
The European Union heavily sanctioned Russia and pledged to boycott its oil, yet continues to buy it, and at an even higher price, albeit indirectly. India is importing record levels of discounted Russian crude, purchasing it in currencies other than the dollar. India then refines the Russian oil and exports fuel to Europe at a profit. Meanwhile, increasing energy costs in Europe have stoked inflation, causing workers’ wages to significantly decline. The real wages of workers in the Eurozone fell by 6.5% between 2020 and 2022. As of April, Bloomberg reported, European imports of refined fuel from India are approaching 360,000 barrels per day.

US Corporations Cash In On Ukraine’s Oil And Gas

April 28, 2023 Ben Norton, Geopolitical Economy. , , , , ,
US fossil fuel corporations like ExxonMobil, Chevron, and Halliburton are in discussions to take over the Eastern European nation’s oil and gas industry, as Kiev pushes to increase production to replace Russian energy exports. This comes after Ukraine’s Western-backed leader, Volodymyr Zelensky, virtually opened the New York Stock Exchange in September and announced that his country is “open for business”, pledging more than $400 billion in “public-private partnerships, privatization, and private ventures” for US companies. In an attempt to bring an end to the war, China has taken the lead in proposing peace talks. Brazil’s President Lula da Silva has done the same.

Supreme Court Denies Big Oil Push To Move Lawsuits Away From States

April 27, 2023 Climate Nexus, Ecowatch. , , ,
The U.S. Supreme Court on Monday effectively rejected appeals by multiple oil and gas companies to have cases brought against them heard in federal court. The Supreme Court declined to hear the appeals from Exxon Mobil, Suncor Energy, and Chevron, leaving lower court rulings that the cases brought against them by Rhode Island and counties and municipalities in Maryland, Colorado, California and Hawaii should be heard in the state courts in which they were filed. States and municipalities are seeking to hold fossil fuel firms accountable for deceiving the public about the climate-heating effects of their product, and the harm caused by those impacts, and the fossil fuel defendants believe they have a better chance of winning if they can get the cases heard in federal court.

‘Bombshell’ 1989 Shell Memo Features In New Court Filing

April 14, 2023 Matthew Green, Desmog. , , ,
In October 1989, Shell researchers wrote a confidential report warning that climate-fuelled migration could swamp borders in the United States, Soviet Union, Europe, and Australia. “Conflict would abound,” the document said. “Civilisation could prove a fragile thing.” A group of climate disinformation researchers and nonprofits filed the brief on April 7 in support of a 2020  lawsuit brought by the District of Columbia, part of a wave of litigation by at least 20 U.S. states and cities seeking to hold the oil industry to account for climate damages. The 50-page brief cites academic studies and media reports to show how the oil industry was warned about the risks posed by a build-up of carbon dioxide in the atmosphere from burning fossil fuels in the late 1950s.

Canadian Bank RBC The Number One Financier Of Fossil Fuels

April 14, 2023 Shawna Foster, Rainforest Action Network. , , ,
Released today, the 14th annual Banking on Climate Chaos report is the most comprehensive global analysis on fossil fuel banking. Endorsed by 624 organizations from 75 countries, it reveals the truth of banks’ commitments to the climate by examining their financing of the fossil fuel industry. For the first time since 2019, a Canadian bank is the #1 annual financier of fossil fuels rather than US bank JP Morgan Chase. Royal Bank of Canada (RBC) showered fossil fuel projects with $42.1 billion dollars in 2022, including $4.8 billion for tar sands and $7.4 billion into fracking. Canadian banks are becoming the banks of last resort for fossil fuels, providing $862 billion to fossil fuel companies since the Paris Agreement.
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