By Julia Conley
Just over two weeks before President Donald Trump is set to leave the White House, his U.S. Fish and Wildlife Service on Tuesday finalized a rollback of the Migratory Bird Treaty Act—a law that's been in place since 1918 and which conservation groups credit with holding corporate polluters accountable for harming bird species.
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By Julia Conley
Representing more than 17,000 claimants who support climate action, the international organization Friends of the Earth on Tuesday opened its case against fossil fuel giant Shell at The Hague by demanding that a judge order the corporation to significantly reduce its carbon emissions in the next decade.
Like many other plant-based foods and products, CBD oil is one dietary supplement where "organic" labels are very important to consumers. However, there are little to no regulations within the hemp industry when it comes to deeming a product as organic, which makes it increasingly difficult for shoppers to find the best CBD oil products available on the market.
Charlotte's Web<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDcwMjk3NS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY0MzQ0NjM4N30.SaQ85SK10-MWjN3PwHo2RqpiUBdjhD0IRnHKTqKaU7Q/img.jpg?width=980" id="84700" class="rm-shortcode" data-rm-shortcode-id="a2174067dcc0c4094be25b3472ce08c8" data-rm-shortcode-name="rebelmouse-image" alt="charlottes web cbd oil" data-width="1244" data-height="1244" /><p>Perhaps one of the most well-known brands in the CBD landscape, Charlotte's Web has been growing sustainable hemp plants for several years. The company is currently in the process of achieving official USDA Organic Certification, but it already practices organic and sustainable cultivation techniques to enhance the overall health of the soil and the hemp plants themselves, which creates some of the highest quality CBD extracts. Charlotte's Web offers CBD oils in a range of different concentration options, and some even come in a few flavor options such as chocolate mint, orange blossom, and lemon twist.</p>
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By Bret Wilkins
In a year in which the United States has already suffered 16 climate-driven extreme weather events causing more than $1 billion in economic damages, and as millions of American workers face loss of essential unemployment benefits due to congressional inaction, a report published Monday reveals the Trump administration has given fossil fuel companies as much as $15.2 billion in direct relief — and tens of billions more indirectly — through federal COVID-19 recovery programs since March.
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By Nik Martin
In April, the price of oil turned negative for the first time in history, just after the coronavirus pandemic hit. As lockdowns were ordered across the world, demand for black gold plummeted, prompting producers to literally pay buyers to take the commodity off their hands.
Investment Slashed, Jobs Cut<p>Exxon, once the world's largest publicly traded oil and gas company, said in the summer that capital expenditure would shrink by 20%, and just last week, announced it would cut 15% of its workforce — shedding some 50,000 jobs. Chevron, Royal Dutch Shell, BP and others have made similar moves, with most slashing investor dividends for the first time in years.</p><p>"The next few years are going to be very difficult," Helal Miah, investment research analyst at The Share Centre, told DW. "But the oil majors have done it before. During the financial crisis, these companies were very good at slashing costs."</p><p>Dozens of smaller firms, however, will struggle to survive. The <em>New York Times</em> reported that more than 50 North American oil and gas companies had already sought bankruptcy protection this year. Many of them took huge risks and even bigger loans to try to compete with the majors.</p><p>This fall, the second wave of the pandemic has forced renewed lockdowns across Europe and will likely prompt a more robust response from US President-elect Joe Biden, who has vowed to create a pandemic task force as soon as he takes office in January. Those measures could cause a further shakeout.</p><p>"The longer the pandemic goes on, the more we'll see the smaller and mid-cap sized oil companies go under, or be taken over by the larger ones," Miah added.</p><p>ConocoPhillips last month bought the independent exploration firm Concho Resources, days after Chevron completed the takeover of rival Noble Energy.</p>
Peak Demand or Bottom of Cycle?<p>Some analysts believe global oil demand may have already peaked, while others believe that if oil prices haven't already, they are close to bottoming out. Seven months on from the unprecedented negative oil price shock, West Texas Intermediate (WTI) crude, one of the benchmarks for calculating oil prices, stood at $38.15 on Monday.</p><p>The price is still 67% lower than its 2014 peak of $114 a barrel, but closer to the $50 that most large oil companies need to break even. Exxon needs prices of around $75, according to analysts. All the same, the oil majors are not expected to reach their pre-COVID profitability levels until at least the end of 2022.</p><p>Already facing pressure to lead the energy transition and help the world ween itself off its fossil fuel addiction, oil giants have vowed to exploit the crisis to speed up investments in renewable energies.</p><p>"Prior to COVID this [energy transition] was a gradual trend," Peter Hitchens, oil analyst at the London-based Progressive Research, told DW. "The question is will COVID accelerate this trend?"</p><p>European firms like France's Total, the UK's BP and the Anglo-Dutch giant Shell have already begun to prioritize renewable energy, and plan to reduce greenhouse gas emissions to net zero by 2050. BP and Shell have announced major offshore wind projects this year.</p>
US Oil Giants Shield by Trump<p>Their US counterparts, on the other hand, have enjoyed protection from outgoing US President Donald Trump's climate skepticism and continue to focus on their traditional oil and gas businesses. If the Biden administration reenters the Paris Climate Agreement, from which Trump withdrew six months after taking office, it will likely put pressure on American oil majors, although it is unlikely to curtail the drilling for hard-to- reach oil through fracking.</p><p>Biden has also hinted at building ties with OPEC members Iran and Venezuela, which are currently subject to harsh sanctions on their oil trade. The Democrats' plan for a huge infrastructure plan, dubbed the Green New Deal, to meet the climate change challenge will still require oil prices to be high enough to make clean energy alternatives to fossil fuels competitive.</p><p>Despite their moves to step up investment in renewables, the Share Centre's Miah sees oil firms still mostly profiting from fossil fuels in the medium term,</p><p>"If we look a decade ahead, I would say that they will still be majority oil and gas companies rather than renewables-focused," he told DW. He added that most investors still see oil as a sensible way of achieving "good, solid returns."</p>
Investors Give Wide Berth<p>Some major London-based institutional investors have taken a different view, however. Asset managers Fidelity International and Sarasin & Partners have blacklisted the likes of Shell and BP over concerns that the green shift will cripple profits.</p><p>Last month, the <em>Daily Mail</em> reported that several asset managers have written to the oil majors requesting full transparency on the true value of their assets, including oil fields, which they claim could be rendered worthless if a slump in oil demand became more permanent.</p><p>Others, like Hitchens, see the fortunes of the oil industry tied in with the duration of the pandemic and how quickly oil demand recovers, once business and everyday life return to normal.</p><p>"The performance will very much reflect the movement in oil prices" and "very much depends on the economic recovery after COVID," he told DW.</p><p>Other analysts are more bullish and think big oil firms, with their deep pockets, have the strength to ride out their worst crisis. They say they'll likely acquire renewable energy firms and continue to thrive despite likely flat oil demand.</p><p><em>Reposted with permission from <a href="https://www.dw.com/en/how-are-oil-companies-dealing-with-the-shift-to-renewables/a-55542378" target="_blank">Deutsche Welle</a>.<a href="https://www.ecowatch.com/r/entryeditor/2648827745#/" target="_self"></a></em></p>
By Julia Conley
Rep. Alexandria Ocasio-Cortez on Monday denounced the "audacity" of oil giant Shell after it waded into the global discussion about the climate crisis by asking members of the public what they would do to reduce carbon emissions.
<div id="fb346" class="rm-shortcode" data-rm-shortcode-id="e9b7c448217cd1e4db74efc4f245fd72"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1323304992372129792" data-partner="rebelmouse"><div style="margin:1em 0">I’m willing to hold you accountable for lying about climate change for 30 years when you secretly knew the entire t… https://t.co/0gwuy5P9h5</div> — Alexandria Ocasio-Cortez (@Alexandria Ocasio-Cortez)<a href="https://twitter.com/AOC/statuses/1323304992372129792">1604335470.0</a></blockquote></div><p>In the poll it posted to Twitter, Shell offered choices to the public including "stop flying," "buy an electric vehicle," and shifting to renewable electricity. </p>
<div id="2dc26" class="rm-shortcode" data-rm-shortcode-id="5fcb1a371e5c97eb32c9472206736569"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1323184318735360001" data-partner="rebelmouse"><div style="margin:1em 0">📊 What are you willing to change to help reduce emissions? #EnergyDebate</div> — Shell (@Shell)<a href="https://twitter.com/Shell/statuses/1323184318735360001">1604306699.0</a></blockquote></div>
<div id="bbe8d" class="rm-shortcode" data-rm-shortcode-id="c255f6d58a46ccfb50b18b0873df6ab7"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1323316064911007745" data-partner="rebelmouse"><div style="margin:1em 0">Royal Dutch Shell is #6 on the list of 90 companies responsible for 2/3 of greenhouse gas emissions since the dawn… https://t.co/VKnFVwXtBm</div> — Prof. Katharine Hayhoe (@Prof. Katharine Hayhoe)<a href="https://twitter.com/KHayhoe/statuses/1323316064911007745">1604338110.0</a></blockquote></div><p>Shell's tweet drew outrage from international climate action group Greenpeace, international lawmakers, and climate experts.</p>
<div id="f789b" class="rm-shortcode" data-rm-shortcode-id="a5bbe12a91b66d037630be4cc93e6b46"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1323345812051537921" data-partner="rebelmouse"><div style="margin:1em 0">Hey Shell: you willing to change your entire business model? https://t.co/CnjSBScTFr</div> — Leah Stokes (@Leah Stokes)<a href="https://twitter.com/leahstokes/statuses/1323345812051537921">1604345202.0</a></blockquote></div>
<div id="540d1" class="rm-shortcode" data-rm-shortcode-id="8c816cf96de217ae3862e4a799f3c1cb"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1323337603601567745" data-partner="rebelmouse"><div style="margin:1em 0">You polluted our planet, you funded climate change deniers, you fund the lobby to slow down climate protection laws… https://t.co/zgcXDaVjRA</div> — Michael Bloss (@Michael Bloss)<a href="https://twitter.com/micha_bloss/statuses/1323337603601567745">1604343245.0</a></blockquote></div>
<div id="e6969" class="rm-shortcode" data-rm-shortcode-id="f3be1f9f21462ec3f507d049da3fc941"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1323361897484324865" data-partner="rebelmouse"><div style="margin:1em 0">We’re willing to fight for climate justice and for people not to fall for your dirty tricks, @Shell. Individual cho… https://t.co/s7ZyawxM4V</div> — Greenpeace (@Greenpeace)<a href="https://twitter.com/Greenpeace/statuses/1323361897484324865">1604349037.0</a></blockquote></div><p>"What am I willing to do?" Hayhoe <a href="https://twitter.com/KHayhoe/status/1323321067541155841" target="_blank" rel="noopener noreferrer">wrote</a> in reply to Shell's poll question, which she later said was<a href="https://twitter.com/KHayhoe/status/1323342197312421896" target="_blank" rel="noopener noreferrer"> hidden</a> on Twitter by the company. "Hold you accountable for 2% of cumulative global greenhouse gas emissions, equivalent to those of my entire home country of Canada. When you have a concrete plan to address that, I'd be happy to chat about what I'm doing to reduce my personal emissions." </p>
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Exxon Mobil will lay off an estimated 14,000 workers, about 15% of its global workforce, including 1,900 workers in the U.S., the company announced Thursday.
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By Jessica Corbett
"Another cog in the climate denial machine rattles loose."
So said Harvard University climate denial researcher Geoffrey Supran in response to a groundbreaking investigative report published Monday by E&E News revealing that scientists at auto giants General Motors and Ford Motor Co. "knew as early as the 1960s that car emissions caused climate change."
<div id="71d13" class="rm-shortcode" data-rm-shortcode-id="8da145d0ce5495a0af282306945503af"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1320728404078043136" data-partner="rebelmouse"><div style="margin:1em 0">"There was never any doubt for a minute", former GM scientist Ruth Reck says of her pioneering climate science rese… https://t.co/DaYzkpPG7q</div> — Geoffrey Supran (@Geoffrey Supran)<a href="https://twitter.com/GeoffreySupran/statuses/1320728404078043136">1603721164.0</a></blockquote></div>
<div id="94cd8" class="rm-shortcode" data-rm-shortcode-id="1812eaef4972b9dc93486f1643265be2"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1320737159154991104" data-partner="rebelmouse"><div style="margin:1em 0">More details about what corporate America knew about #climatechange in the 1960s and 70s... and also how they funde… https://t.co/lSCrsvA44P</div> — NaomiOreskes (@NaomiOreskes)<a href="https://twitter.com/NaomiOreskes/statuses/1320737159154991104">1603723251.0</a></blockquote></div>
<div id="bb72f" class="rm-shortcode" data-rm-shortcode-id="161d579460176537e601275315796462"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1320759585209262082" data-partner="rebelmouse"><div style="margin:1em 0">Just like #ExxonKnew, General Motors + Ford have known for decades how they contribute to the climate crisis. Inst… https://t.co/noRVIUGiBt</div> — 350 dot org (@350 dot org)<a href="https://twitter.com/350/statuses/1320759585209262082">1603728598.0</a></blockquote></div>
<div id="3c362" class="rm-shortcode" data-rm-shortcode-id="928139734c26121a3902b39abb34b69d"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1320739545529393152" data-partner="rebelmouse"><div style="margin:1em 0">A critical, and damning, look at how #FordandGMKnew that vehicle emissions were driving climate change and they lob… https://t.co/nXJyEZQd4W</div> — Allison Considine (@Allison Considine)<a href="https://twitter.com/AD_Considine/statuses/1320739545529393152">1603723820.0</a></blockquote></div>
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By Jake Johnson
Democratic presidential nominee Joe Biden on Wednesday vowed to bar from his transition team any "leaders" of fossil fuel companies, a pledge environmentalists cautiously applauded while urging the former vice president to go further by committing to banning all Big Oil lobbyists and executives from both his transition team and cabinet.
<div id="33b52" class="rm-shortcode" data-rm-shortcode-id="ee2395d30bb8a0ed68c62f8585a46e4f"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1311732363009777664" data-partner="rebelmouse"><div style="margin:1em 0">[email protected] is making a smart move by asserting that he won't allow fossil fuel execs on his transition team. He sho… https://t.co/5aH2dePR5E</div> — Ryan Schleeter (@Ryan Schleeter)<a href="https://twitter.com/Ryschlee/statuses/1311732363009777664">1601576340.0</a></blockquote></div>
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By Kenny Stancil
The city of Hoboken on Wednesday filed a lawsuit against multiple Big Oil players—including ExxonMobil, incorporated in New Jersey—joining an increasing number of state and local governments using litigation in efforts to hold the fossil fuel industry accountable for defrauding the public about foreseen climate crisis damages and to make companies "pay their fair share" of the costs of mitigating greenhouse gas emissions and adapting to a warming planet.
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By Jake Johnson
A diverse coalition of nearly 150 progressive advocacy groups is demanding that Democratic presidential nominee Joe Biden ban fossil fuel executives and lobbyists from his 2020 campaign and commit to barring them from his administration if elected in November, warning that a cabinet stocked with Big Oil representatives would render empty the former vice president's vows to confront the climate crisis with ambition and urgency.
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BP, the energy giant that grew from oil and gas production, is taking its business in a new direction, announcing Tuesday that it will slash its oil and gas production by 40 percent and increase its annual investment in low-carbon technology to $5 billion, a ten-fold increase over its current level, according to CNN.
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