The Biden administration and Congress faced new pressure Wednesday to reinstate a ban on U.S. gasoline exports after the Saudi-led Organization of the Petroleum Exporting Countries agreed to slash oil production by two million barrels a day to boost prices, a move that drew outrage from the White House and some congressional Democrats. By Jake Johnson […]
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 […]
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 […]
The price of oil has been spiking in recent weeks in response to concerns that the war in Ukraine will significantly reduce supply. But what happens in oil markets never stays in oil markets. By Veronika Dolar, SUNY Old Westbury The Conversation The price of U.S. crude oil jumped to a 13-year high of US$130 […]
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 […]
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 […]
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 […]
On January 26, the Los Angeles City Council voted unanimously to prohibit the drilling of new oil and gas wells, phase out production of existing oil and gas wells and create a process for the phase-out and cleanup of existing oil wells, with a just transition, according to a statement from Elected Officials to Protect America (EOPA) […]
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 […]
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 […]
Climate campaigners and other progressive critics on Friday called out the Biden administration for a new U.S. Interior Department report about leasing public lands and waters to oil and gas companies, slamming its proposals as far too weak given the need to keep fossil fuels in the ground. By Jessica Corbett Common Dreams The report—prepared in […]
On July 7, 1919, a group of U.S. military members dedicated Zero Milestone – the point from which all road distances in the country would be measured – just south of the White House lawn in Washington, D.C. The next morning, they helped to define the future of the nation. Brian C. Black, Penn State […]
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, […]
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 […]
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👉🏽 […]