Big Oil

Poverty and Petrochemicals Converge as Hurricane Laura’s Devastation Exposes Entire Gulf Coast as ‘Sacrificial Zone’

With the full devastation caused by Hurricane Laura along the Gulf Coast in Texas and Louisiana still coming into view Friday, climate justice activists and other progressives are calling the destruction—credited with claiming at least 6 lives and potentially billions of dollars in damages—just the latest painful example of willful neglect by political leaders and …

Poverty and Petrochemicals Converge as Hurricane Laura’s Devastation Exposes Entire Gulf Coast as ‘Sacrificial Zone’ Read More »

Proving ‘A Different World Is Possible,’ Exxon Dropped From Dow Jones After 92-Year Run

Climate campaigners on Tuesday marked a major milestone in the fight to eliminate the use of fossil fuels and transition to a green energy economy as ExxonMobil was dropped from the S&P Dow Jones Industrial Average after nearly a century. The oil giant, the oldest member of the Dow, was replaced on the index by software …

Proving ‘A Different World Is Possible,’ Exxon Dropped From Dow Jones After 92-Year Run Read More »

‘Immoral, Criminal, Inexcusable’: Climate Groups Furious as DNC Drops Support for Ending Fossil Fuel Handouts From Platform

Environmentalists reacted with outrage late Tuesday to news that the Democratic National Committee this week quietly removed from the final party platform an amendment calling for an end to federal subsidies to the fossil fuel industry, a longstanding demand of climate activists that both Joe Biden and Kamala Harris supported during the primary. “We are …

‘Immoral, Criminal, Inexcusable’: Climate Groups Furious as DNC Drops Support for Ending Fossil Fuel Handouts From Platform Read More »

Trump EPA Plows Ahead With ‘Mind-Bogglingly Stupid and Destructive’ Rollback of Methane Emissions Rules

In a widely anticipated move Thursday, the Environmental Protection Agency yet again advanced President Donald Trump’s deregulatory agenda by weakening rules on oil and gas companies’ emissions of the potent greenhouse gas methane that were put in place by the Obama administration. “These rollbacks distort and defy basic principles of science, economics, and policy design—an …

Trump EPA Plows Ahead With ‘Mind-Bogglingly Stupid and Destructive’ Rollback of Methane Emissions Rules Read More »

Trump EPA Plan to Gut Emission Rules for Oil and Gas Industry Denounced as ‘Beyond Comprehension’

In a move one green group said shows the Trump EPA’s approach is “manifestly inconsistent with the agency’s legal obligations” and with science, the agency is under fire for preparations to roll back methane rules for U.S. oil and gas producers. Before Friday, the New York Times reported, the EPA is expected to unveil two new rules …

Trump EPA Plan to Gut Emission Rules for Oil and Gas Industry Denounced as ‘Beyond Comprehension’ Read More »

‘We Are Expecting the Worst’: Alarm Over Eco Crisis Grows Amid Fears Ship Leaking Oil Near Mauritius Could Break in Two

Urgent efforts to contain an oil spill off the coast of Mauritius reportedly ramped up on Monday due to fears that a cracked ship spilling fuel into the Indian Ocean—polluting nearby coral reefs, mangrove forests, and beaches of the island nation—could soon split in two, exacerbating the local environmental crisis. Though the Japanese-owned vessel ran …

‘We Are Expecting the Worst’: Alarm Over Eco Crisis Grows Amid Fears Ship Leaking Oil Near Mauritius Could Break in Two Read More »

‘Has BP Just Woken Up to the #ClimateEmergency?’ Oil Giant Announces 40% Production Cut by 2030

Amid declining fossil fuel consumption worldwide during the Covid-19 pandemic, oil giant BP on Tuesday said it would reduce its oil and gas production by 40 percent by 2030. Climate campaigners said the announcement—on top of a $16.8 quarterly loss—should be a warning to other giants in the industry about the economic writing on the wall …

‘Has BP Just Woken Up to the #ClimateEmergency?’ Oil Giant Announces 40% Production Cut by 2030 Read More »

Pressured by Climate Activist Groups, Deutsche Bank Ditches Drilling in the Arctic

Climate activists are celebrating Deutsche Bank’s new energy policy banning financial support of drilling in the Arctic, a move which comes after years of pressure from advocacy groups. The bank, a multinational investment company headquartered in Germany, announced Monday that it will no longer offer financial services to new projects that involve drilling for oil …

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‘The Public Has a Right to Know’: Fed Refuses to Release Documents on Fossil Fuel Industry’s Covid-19 Bailouts

The Federal Reserve has missed a deadline to release documents requested by environmental group Food & Water Action in May to reveal the extent to which the central bank has used one of its major Covid-19 lending programs to rescue the faltering oil and gas industry. “The public has a right to know if the …

‘The Public Has a Right to Know’: Fed Refuses to Release Documents on Fossil Fuel Industry’s Covid-19 Bailouts Read More »

In Minnesota, Ellison Announces Climate Lawsuit Against Exxon, Koch, and API

Minnesota Attorney General Keith Ellison filed a lawsuit Wednesday against ExxonMobil, Koch Industries, and the American Petroleum Institute for mounting a 30-year “campaign of deception” related to the climate crisis. “There are no more worthy targets of a climate fraud lawsuit than Exxon, Koch Industries, and API: the unholy trinity of climate denial,” said Richard …

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Fossil Fuel Industry Could Face $25 Trillion Collapse Due to Clean Tech, Climate Policies, and Covid-19 Pandemic

In a new analysis that bolsters climate activists’ arguments for transforming the global energy system, the London-based financial think tank Carbon Tracker warned Thursday that declining demand and rising investment risk due to cheaper renewable technologies, aggressive government policies, and the coronavirus pandemic could cause a $25 trillion collapse in future fossil fuel profits. “The …

Fossil Fuel Industry Could Face $25 Trillion Collapse Due to Clean Tech, Climate Policies, and Covid-19 Pandemic Read More »

‘Accountability Is Coming’: Federal Judges Rule California Climate Suits Against Big Oil Must Go Forward in State Court

A panel of federal judges on Tuesday ruled that California climate lawsuits aiming to force major fossil fuel companies to pay for their role in causing the environmental crisis must be heard in state courts rather than more industry-friendly federal venues, a decision that was celebrated as a major blow to Big Oil’s efforts to …

‘Accountability Is Coming’: Federal Judges Rule California Climate Suits Against Big Oil Must Go Forward in State Court Read More »

‘Shell Must Fall,’ Climate Activists Declare at Oil Giant’s Headquarters During Shareholders Meeting

Donning face masks and abiding by social distancing guidelines because of the coronavirus pandemic, climate activists gathered at Royal Dutch Shell’s headquarters in The Hague Tuesday during the oil giant’s annual shareholders meeting to declare that “Shell must fall.” “It’s time to end all investment in the fossil fuel industry.”—Greenpeace Although hundreds of activists had …

‘Shell Must Fall,’ Climate Activists Declare at Oil Giant’s Headquarters During Shareholders Meeting Read More »

Big Oil Taking $1.9 Billion in CARES Act Tax Breaks Aimed at Helping Small Businesses in ‘Stealth Bailout’: Report

Sen. Bernie Sanders was among critics outraged that the fossil fuel industry is using tax breaks in the CARES Act meant to help businesses keep workers employed to avoid paying millions of dollars in taxes—and then delivering that money to executives. “Good thing President Trump is looking out for the real victims of the coronavirus: …

Big Oil Taking $1.9 Billion in CARES Act Tax Breaks Aimed at Helping Small Businesses in ‘Stealth Bailout’: Report Read More »

Watchdog Demands Probe After Energy Secretary Admits WH Pressed Fed to Give Oil Companies Access to Covid-19 Funds

A watchdog on the congressional committee tasked with overseeing the Trump administration’s handling of Covid-19 bailout funds demanded an investigation Tuesday after Energy Secretary Dan Brouillette openly admitted in a television appearance that the White House pressed the Federal Reserve to alter one of its lending programs for the benefit of fossil fuel companies. “We …

Watchdog Demands Probe After Energy Secretary Admits WH Pressed Fed to Give Oil Companies Access to Covid-19 Funds Read More »

House Democrats Denounced for Covid-19 Relief Bill That Leaves ‘Door Wide Open’ for Fossil Fuel Bailouts

Climate action advocacy groups on Tuesday blasted Democratic congressional leadership for introducing a 1,815-page, $3 trillion coronavirus relief package that fails to close loopholes for fossil fuel corporations that are lobbying for federal bailouts under the cover of the pandemic. Activists expressed frustration that House Democrats’ Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act …

House Democrats Denounced for Covid-19 Relief Bill That Leaves ‘Door Wide Open’ for Fossil Fuel Bailouts Read More »

‘Not Today. Not Tomorrow. Not Ever’: Indigenous Campaigners Protest As KXL Pipeline Construction Begins Amid Legal Challenges

With the coronavirus pandemic keeping them from gathering to stop the construction of the Keystone XL tar sands pipeline, indigenous rights advocates displayed a “virtual banner” as oil giant TC Energy began placing pipes in the ground this week despite legal challenges to the pipeline. “Not Today. Not Tomorrow. Not Ever. No KXL. Mni Wiconi,” read …

‘Not Today. Not Tomorrow. Not Ever’: Indigenous Campaigners Protest As KXL Pipeline Construction Begins Amid Legal Challenges Read More »

‘Milestone Moment’ as JPMorgan Chase Announces Former Exxon CEO to No Longer Be Lead Director of Bank’s Board

Author and climate activist Bill McKibben welcomed Friday evening what he called “a milestone moment in the history of climate action” after JPMorgan Chase announced it was ousting former Exxon Mobil CEO Lee Raymond from his longtime leadership position on the bank’s board of directors. “A truly huge win today,” McKibben said in an earlier …

‘Milestone Moment’ as JPMorgan Chase Announces Former Exxon CEO to No Longer Be Lead Director of Bank’s Board Read More »

‘Moving to Rob Us Blind in Broad Daylight’? Trump to Hold In-Person Meeting With Big Oil CEOs to Discuss Coronavirus Relief

President Donald Trump on Friday is reportedly set to hold an in-person White House meeting with top executives from some of the largest fossil fuel companies in the world—including Exxon Mobil, Chevron, and Continental Resources—to discuss relief measures for the industry as the coronavirus pandemic tanks global oil demand. “Other chief executives set to attend …

‘Moving to Rob Us Blind in Broad Daylight’? Trump to Hold In-Person Meeting With Big Oil CEOs to Discuss Coronavirus Relief Read More »