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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.
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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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).
Longtime Climate Science Foe David Schnare Uses 'Scare Tactics' to Bash Transportation Climate Initiative for Koch-Tied Think Tank
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.
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.
By Andy Rowel
Oil and Gas Industry Is 25 to 40% More Responsible for Global Methane Emissions than Previously Thought
Amazon CEO Jeff Bezos just pledged $10 billion to fight the climate crisis.