Quantcast

It's Official: Trump Gives Big Gift to Big Oil

Popular

President Trump signed his first Congressional Review Act-sponsored bill (CRA) Tuesday, declaring at the signing that "energy jobs are coming back" and "lots of people [are] going back to work now."

The legislation, in fact, doesn't deal directly with jobs, but rather repeals a Dodd-Frank rule requiring extraction companies to disclose payments made to foreign governments—a regulation Trump's new Sec. of State Rex Tillerson lobbied against as CEO of ExxonMobil.

Some in the GOP may have a bit of buyer's remorse about the bill: a group of senators who voted for the resolution sent a letter to the U.S. Securities and Exchange Commission earlier this month asking the agency to create a new version of the rule and supporting any "legislative or other solutions" to address limits imposed by the CRA.

"The U.S. had been at the forefront on the transparency issue, with more than 30 countries following in its footsteps to pass similar legislation," said Isabel Munilla of Oxfam International in a statement after the House initially voted to kill the rule. "State-owned companies from Brazil, China and Russia are all now required to disclose their payments. If the Senate follows suit in overturning this rule, the U.S. will go from a leader into a laggard."

For a deeper dive:

News: Washington Post, The Hill

Commentary: Vox, Brad Plumer analysis

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

EcoWatch Daily Newsletter

Natural Resources Defense Council

By Emily Deanne

Shower shoes? Check. Extra-long sheets? Yep. Energy efficiency checklist? No worries — we've got you covered there. If you're one of the nation's 12.1 million full-time undergraduate college students, you no doubt have a lot to keep in mind as you head off to school. If you're reading this, climate change is probably one of them, and with one-third of students choosing to live on campus, dorm life can have a big impact on the health of our planet. In fact, the annual energy use of one typical dormitory room can generate as much greenhouse gas pollution as the tailpipe emissions of a car driven more than 156,000 miles.

Read More Show Less
Kokia drynarioides, commonly known as Hawaiian tree cotton, is a critically endangered species of flowering plant that is endemic to the Big Island of Hawaii. David Eickhoff / Wikipedia

By Lorraine Chow

Kokia drynarioides is a small but significant flowering tree endemic to Hawaii's dry forests. Native Hawaiians used its large, scarlet flowers to make lei. Its sap was used as dye for ropes and nets. Its bark was used medicinally to treat thrush.

Read More Show Less
Sponsored
Frederick Bass / Getty Images

States that invest heavily in renewable energy will generate billions of dollars in health benefits in the next decade instead of spending billions to take care of people getting sick from air pollution caused by burning fossil fuels, according to a new study from MIT and reported on by The Verge.

Read More Show Less
Aerial view of lava flows from the eruption of volcano Kilauea on Hawaii, May 2018. Frizi / iStock / Getty Images

Hawaii's Kilauea volcano could be gearing up for an eruption after a pond of water was discovered inside its summit crater for the first time in recorded history, according to the AP.

Read More Show Less
A couple works in their organic garden. kupicoo / E+ / Getty Images

By Kristin Ohlson

From where I stand inside the South Dakota cornfield I was visiting with entomologist and former USDA scientist Jonathan Lundgren, all the human-inflicted traumas to Earth seem far away. It isn't just that the corn is as high as an elephant's eye — are people singing that song again? — but that the field burgeons and buzzes and chirps with all sorts of other life, too.

Read More Show Less
Sponsored
A competitor in action during the Drambuie World Ice Golf Championships in Uummannaq, Greenland on April 9, 2001. Michael Steele / Allsport / Getty Images

Greenland is open for business, but it's not for sale, Greenland's foreign minister Ane Lone Bagger told Reuters after hearing that President Donald Trump asked his advisers about the feasibility of buying the world's largest island.

Read More Show Less
AFP / Getty Images / S. Platt

Humanity faced its hottest month in at least 140 years in July, the US National Oceanic and Atmospheric Administration (NOAA) said on Thursday. The finding confirms similar analysis provided by its EU counterparts.

Read More Show Less
Newly established oil palm plantation in Central Kalimantan, Indonesia. Rhett A. Butler / Mongabay

By Hans Nicholas Jong

Indonesia's president has made permanent a temporary moratorium on forest-clearing permits for plantations and logging.

It's a policy the government says has proven effective in curtailing deforestation, but whose apparent gains have been criticized by environmental activists as mere "propaganda."

Read More Show Less