The City of Chicago is suing five of the planet’s biggest oil and gas companies and a trade group over their contributions to climate change, saying they misled the public about how their fossil fuel products contribute to extreme heat, flooding and other impacts on residents of the Windy City. On Tuesday, the administration of […]
In a swift manner of action, California has passed a law that prohibits companies from price gouging at the gas pump, meaning companies will face civil penalties for hiking up fuel costs. The new bill also establishes an independent watchdog division within the California Energy Commission (CEC) and gives CEC authority to impose penalties as […]
In his State of the Union address Tuesday night, President Joe Biden touted progress made on climate and the environment during his first two years in office and called out Big Oil for raking in record profits during the energy crisis. However, while he rallied the nation behind addressing the climate crisis, he gave no […]
President Biden touted the passage of the Inflation Reduction Act and criticized Big Oil profiteering while saying oil would be needed “for at least another decade” in his State of the Union address Tuesday night. Connecting the devastation wrought by across the country by “record floods, droughts, storms and wildfires” to climate change, Biden touted […]
Oil and gas giant BP has scaled back plans to reduce its production of fossil fuels by 2030 after it saw record annual profits that more than doubled to $27.7 billion last year. Gas prices soared following Russia’s invasion of Ukraine, bolstering the company’s earnings. BP now plans to increase its oil and gas production […]
President Joe Biden threatened major oil companies with a windfall tax after they announced massive profits following a surge in energy prices prompted by Russia’s invasion of Ukraine. ExxonMobil, for example, announced October 28 that it had earned $19.7 billion in profits during the third quarter of 2022. That’s more than the fossil fuel company […]
American multinational investment company BlackRock has told the Environmental Audit Select Committee of the UK Parliament’s House of Commons that it won’t stop investing in gas, oil and coal, reported Reuters. Stopping investments in fossil fuels and transitioning to low-carbon and renewable energy sources is necessary to reduce the greenhouse gas emissions that are the […]
Around 30 students and community members of Harvard and MIT disrupted an ExxonMobil geoscience recruitment event hosted at MIT for both MIT and Harvard students.
It is well documented that major oil and gas companies have known about the dangers of the climate crisis since the late 1970s, yet chose to double-down on their existing business models and fund climate denial. Now, new internal documents subpoenaed as part of a House Committee on Oversight and Reform investigation reveal how the […]