Browsing the "oil" Tag

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EU Embargos Russian oil, but NOT Russian gas

The global climate group Greenpeace criticized the European Union’s newly announced embargo on Russian oil as inadequate, noting Tuesday that the ban includes a key carve-out that will allow the nation’s crude to continue flowing into E.U. countries through pipelines. By Jake Johnson Common Dreams The deal among members of the 27-nation bloc came after weeks […]

May 31st

Biden bets a million barrels a day will drive down soaring gas prices – what you need to know about the Strategic Petroleum Reserve

The Biden administration on March 31, 2022, said it plans to release an unprecedented 180 million barrels of oil from the U.S. Strategic Petroleum Reserve to combat the recent spike in gas and diesel prices. About a million barrels of oil will be released every day for up to six months. Scott L. Montgomery, University […]

April 3rd

The US is banning Russian oil imports

President Joe Biden announced on March 8, 2022, that the U.S. will ban imports of oil from Russia, along with refined petroleum products, natural gas and coal. The ban is the latest U.S. action designed to punish Russia for its invasion of Ukraine. Global energy policy expert Amy Myers Jaffe explains how this step is […]

March 9th

Ukraine War: How Russia hooked Europe on its oil and gas – and overcame US efforts to prevent energy dependence on Moscow

The Biden administration hopes its threat of “severe economic consequences” deters Russia from invading Ukraine – an event Americans officials say could be imminent.   By Ryan Haddad, University of Maryland The Conversation In response, the U.S. said it may ban the export of microchips and other technologies to critical sectors like artificial intelligence and […]

February 15th

End of Canada’s destructive oilsands? Financial regulators worry about the risks of climate change

New battle lines are being drawn between Canada’s financial regulators and Alberta’s oilpatch over the country’s climate change policies. The Bank of Canada and Canada’s Office of the Superintendent of Financial Institutions (OSFI) recently released a pilot study that looked at how prepared Canada’s financial institutions are in understanding and managing climate change risks. The […]

February 7th

Indigenous advocates in Florida say oil drilling in Big Cypress will destroy sacred sites

On an early April morning last year, Betty Osceola, a member of the Miccosukee Tribe of Indians, led a group of 50 people through the marshy swamp of South Florida’s Big Cypress National Preserve for six hours. The 729,000-acre preserve has long held recreational and sacred sites for the Miccosukee people. They harvest plants for […]

January 16th

Since Congress lifted the crude oil export ban in 2015, US has dropped a climate bomb on the world

After Congress lifted a ban on crude exports in late 2015, oil and gas production in the Permian Basin soared while domestic consumption remained flat—leading to a massive build-out of pipelines and other infrastructure that culminated in the U.S. “flooding global markets” with fossil fuels at the expense of humanity, in general, and vulnerable Gulf Coast communities already […]

December 2nd

The plastic recycling system is broken – here’s how we can fix it

The investor Warren Buffett once remarked that “only when the tide goes out do you discover who’s been swimming naked”. For the plastics recycling industry, the pandemic was a bit like the tide going out, exposing its deep-rooted structural problems. By Eleni Iacovidou, Brunel University London and Norman Ebner, University of Oxford The Conversation Specifically, […]

October 21st

Resounding climate win as judge blocks new Alaska oil drilling and pipele project

A federal judge on Wednesday tossed out construction permits for a sprawling, multibillion-dollar Alaska oil drilling project that the Trump administration approved and the Biden Interior Department defended in court earlier this year, infuriating Indigenous groups, climate advocates, and scientists. By Jake Johnson Common Dreams  In a 110-page decision (pdf), Judge Sharon Gleason of the U.S. District Court for […]

August 19th

Trinidad Spill: The oil industry continues to contaminate paradise (and nobody does anything)

Fishers and environmentalists expressed outrage this week over what they called the inadequate response by Trinidad and Tobago’s government and one of the country’s leading fossil fuel companies to the latest of hundreds of reported oil spills there in recent years. MAJOR OIL SPILL IN THE GULF OF PARIA BETWEEN TRINIDAD 🇹🇹 & VENEZUELA 🇻🇪 click here👉🏽 […]

August 16th