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An aerial view of a crude oil storage facility of Caspian Pipeline Consortium (CPC) in the Krasnodar Territory. Vitaly Timkiv / TASS / Getty Images

Oil rigs around the world keep pulling crude oil out of the ground, but the global pandemic has sent shockwaves into the market. The supply is up, but demand has plummeted now that industry has ground to a halt, highways are empty, and airplanes are parked in hangars.

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The Environmental Protection Agency (EPA) issued a policy memo yesterday that is an expansive relaxation of legally mandated regulations on polluting industries, saying that industries may have trouble adhering to the regulations while they are short-staffed during the coronavirus global pandemic, according to the AP.

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EcoWatch Daily Newsletter

Crude oil extraction pump pulling crude oil up to the surface and pushing it into pipelines in the Permian Basin in West Texas on May 27, 2018. ©Studio One-One / Moment / Getty Images

By Justin Mikulka

ExxonMobil is a company capable of contradictions. It has been lobbying against government efforts to address climate change while running ads touting its own efforts to do so.

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Donald Trump during a news conference in the Rose Garden of the White House in Washington, DC, on Friday, March 13. Zach Roberts / NurPhoto / Getty Images

By Jon Queally

Climate action groups and progressive critics expressed disappointment and outrage on Friday afternoon after President Donald Trump — despite a continued failure to offer far-reaching support to the U.S. public — moved to bolster the bottom lines of oil and gas companies by announcing a massive federal purchase for the nation's Strategic Petroleum Reserve (SPR).

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Diego Diaz / Icon Sportswire / Getty Images

By Dana Drugmand

Opponents of a regional proposal to curb transportation sector emissions in the Northeast and Mid-Atlantic are using a number of deceptive tactics to attack and criticize the Transportation and Climate Initiative. Groups tied to the oil industry have pointed to misleading studies, deployed questionable public opinion polling and circulated an open letter in opposition.

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People hold puppets shaped as crows and reading BlackRock, a U.S. global investment management corporation on Dec. 17, 2019. PHILIPPE LOPEZ / AFP / Getty Images

A month and a half ago, BlackRock, the world's largest investment firm, made waves for choosing to divest from some coal investments, setting up funds that avoided fossil fuels, and saying it would only support corporate board members who factored the climate crisis into its decisions. While the initial announcement was met with some criticism by environmental activists, BlackRock's recent decisions have cast doubt on the seriousness of its commitments to help fight the global climate crisis.

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Greater sage grouse in flight in Nevada. Tatiana Gettelman, USGS

A federal judge threw out oil and gas leases on nearly one million acres of public lands that are important habitat for the greater sage grouse, arguing that a Trump administration policy that curtailed public input on the leases was "arbitrary and capricious."

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The Bunda cliff face along the Great Australian Bight near the South Australian-Western Australian border. Robbie Goodall / Moment / Getty Images

By Andy Rowel

For those fighting the oil industry, the good news keeps on coming this week.

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A polar bear is seen stopping to drink near the north pole. Christopher Michel / Flickr / CC BY 2.0

The fossil fuel industry is driving polar bears to cannibalism.

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Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. Orjan F. Ellingvag / Corbis / Getty Images

The oil and gas industry may be contributing even more to the climate crisis than we thought.

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Amazon Founder and CEO Jeff Bezos speaks to the media on the company's sustainability efforts on Sept. 19, 2019 in Washington, DC. ERIC BARADAT / AFP via Getty Images

Amazon CEO Jeff Bezos just pledged $10 billion to fight the climate crisis.

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