Efforts to contain the Wuhan coronavirus and fears that it can spread and form a global pandemic have slowed industries around the world. Shipping is delayed, cars and electronics are stalled on the assembly line, and commodity markets around the world are predicting losses because of the virus. Fears around the virus even have Olympic […]
California Gov. Gavin Newsom imposed new restrictions on oil exploration in his state yesterday by putting a moratorium on hundreds hydraulic fracturing permits until the projects are reviewed by independent scientists, as the AP reported. His mandate also banned new wells from being drilled using a new method that employs a high-pressure cyclic steaming process. […]
It seems the reality of the climate crisis is too much for the Federal Reserve to ignore anymore. For the first time, the Federal Reserve Bank of San Francisco, one of its 12 branches, held the system’s first climate-related economic conference last week. By hosting “The Economics of Climate Change” conference the Federal Reserve signaled […]
Federal investigators found that big oil companies have taken advantage of a government loophole that gave energy companies a break on paying royalties when drilling in deep water. The loophole has allowed some of the world’s largest energy firms to pocket an extra $18 billion, as Bloomberg reported. The Government Accountability Office’s (GAO) detailed accounting […]
The night before Indigenous Peoples’ Day, an Indigenous-led movement in Ecuador won a major victory. On Sunday, Ecuadorian President Lenin Moreno agreed to repeal an austerity package that ignited 11 days of protests led by an indigenous movement that also wants to end mining and oil extraction, Amazon Watch explained. “I’m so happy I don’t […]
Today is the United Nations Climate Action Summit, a gathering called by UN Secretary General António Guterres to encourage climate action ahead of 2020, the year when countries are due to up their pledges under the Paris agreement. Guterres has asked countries to announce “concrete, realistic” steps that will reduce global emissions by 45 percent […]
By Elana Sulakshana It seems like every day there is a new story of a pipeline spilling crude oil or an oil refinery exploding. How do fossil fuel companies continue to operate such hazardous infrastructure in communities despite the immediate and long-term harm they cause? One piece of the answer is the coverage and financial […]
Forty-thousand liters (approximately 10,600 gallons) of diesel oil have spilled into the waters of Chile’s Patagonia, a biodiversity hotspot at the tip of South America. The Chilean navy confirmed the oil spill Saturday after receiving a call from CAP, a mining company, informing it of a spill from its terminal on Guarello Island, The Associated […]
California officials ordered Chevron Friday “to take all measures” to stop a release that has spilled around 800,000 gallons of water and crude oil into a dry creek bed in Kern County, KQED reported. The order, issued by the new acting head of the state’s Division of Oil, Gas and Geothermal Resources (DOGGR) Jason Marshall, […]
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