Tag Archives: Big Oil

Rallies Held Across US for ‘Climate, Care, Jobs, and Justice’

“The president and Congress must protect our planet and the people who call Earth home—now.”

By Kenny Stancil  Published 4-23-2022 by Common Dreams

SEIU executive vice president Gerry Hudson speaks at the “Fight for Our Future” rally in Washington, D.C. on April 23, 2022. (Photo: Adrien Salazar/Twitter)

Scores of people in communities around the United States took to the streets on Saturday to demand swift and bold legislative and executive action to tackle the fossil fuel-driven climate crisis as well as skyrocketing inequality.

At “Fight for Our Future” rallies held in Washington, D.C., Phoenix, Atlanta, and more than 40 additional cities across the country, the message was simple: Time is running out for Congress and President Joe Biden to make the bold investments needed to create millions of unionized clean energy and care sector jobs that can simultaneously mitigate greenhouse gas pollution along with economic and racial injustice. Continue reading

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US Mobilization Planned to Demand ‘Livable, Just, and Healthy Planet for All’

“We’ve already waited too long to enact reforms that address this climate emergency,” said the co-executive director of the Center for Popular Democracy. “Our federal government must act now.”

By Jessica Corbett  Published 4-21-2022 by Common Dreams

The Climate Strike and march in Pittsburgh on 9/24/21. Photo: Mark Dixon/flickr/CC

Over 20 advocacy organizations are planning a nationwide “Fight for Our Future” mobilization for Saturday to demand climate action from the Biden administration and Congress.

On the heels of Earth Day, demonstrators plan to gather in Washington, D.C., and communities across the United States to reiterate the necessity of pursuing bold policies to combat the fossil-fueled planetary emergency, citing the Intergovernmental Panel on Climate Change (IPCC) report released earlier this month. Continue reading

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Rebellious Climate Scientists Have Message for Humanity: ‘Mobilize, Mobilize, Mobilize’

In face of the “escalating climate emergency,” the advocacy group Scientist Rebellion warns that IPCC summary to global policymakers remains “alarmingly reserved, docile, and conservative.”

By Kenny Stancil  Published 4-6-2022 by Common Dreams

Scientists in the Netherlands blocked an entrance to the Ministry of Economic Affairs and Climate Policy in The Hague on Wednesday, April 6, 2022. (Photo: Scientist Rebellion / @ScientistRebel1)

Amid a weeklong global civil disobedience campaign to demand climate action commensurate with mounting evidence about the need for swift decarbonization, Scientist Rebellion is highlighting specific gaps between what experts say is necessary and what governments allowed to be published in a summary of the United Nations’ latest climate assessment.

The landmark report on mitigation by Working Group III of the Intergovernmental Panel on Climate Change (IPCC)—part of the U.N.’s sixth comprehensive climate assessment since 1992 and possibly the last to be published with enough time to avert the most catastrophic consequences of the planetary crisis—was compiled by 278 researchers from 65 countries. Continue reading

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As Consumers Pay, Oil CEOs Refuse to Testify to Congress About Soaring Prices

“While Americans struggle with high gas prices, these companies are doing victory laps, showering their already wealthy executives and shareholders with billions in stock buybacks and bonus compensation,” said one watchdog group. “They should be ashamed.”

By Julia Conley  Pubished 3-29-2022 by Common Dreams

Photo: Joel Kramer/flickr/CC

As people across the United States face record-high gas prices—compounded by rising grocery bills and prices for other essentials—executives at three major oil companies are refusing to testify before Congress about what their firms could do to lessen the burden on U.S. households, leaving Democratic lawmakers and consumer advocates to condemn the companies for profiting amid lower and middle-class people’s financial pain.

Rep. Raúl M. Grijalva (D-Ariz.), who chairs the House Natural Resources Committee, had invited the CEOs of EOG Resources Inc., Devon Energy Corp. and Occidental Petroleum Corp. to testify next week, only to be rebuffed Tuesday by the executives, who have personally profited off gas prices which averaged $4.24 per gallon on Monday. Continue reading

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Biggest Oil Giants Made ‘Eye-Popping’ $205 Billion in Profits in 2021: Report

Now, fossil fuel giants are trying to “cash in on inflation and the crisis in Ukraine,” said one critic.

By Kenny Stancil.  Published 3-15-2022 by Common Dreams

Photo: Thomas | Mutch Games/Twitter

While millions of working people have been hurt by surging gas prices, a new analysis out Tuesday shows that 25 of the world’s biggest fossil fuel corporations collectively pulled in an “eye-popping” $205 billion in profits last year—and Big Oil is exploiting Russia’s war on Ukraine to charge even more at the pump in 2022 and advance its financial interests.

According to a new report from government watchdog Accountable.US, top oil and gas companies took “full advantage” of last year’s sky-high prices and record profits. Fourteen firms rewarded shareholders with more than $35 billion in stock buybacks and dividend bumps. Continue reading

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‘Major Step Forward’: AIG to Stop Insuring Coal, Tar Sands, and Arctic Drilling

“Organizing works,” said one advocacy group. “Now, all insurers must stop supporting fossil fuel expansion.”

By Kenny Stancil.  Published 3-1-2022 by Common Dreams

Insure Our Future Coalition at AIG’s NYC Headquarters on 12/7/2021. Photo: Insure Our Future, PDM-owner, via Wikimedia Commons

Climate justice advocates celebrated Tuesday in response to insurance giant AIG’s announcement that it will no longer invest in or provide insurance coverage for any new Arctic drilling activities nor will it finance or underwrite the construction of any new coal-fired power plants, thermal coal mines, or tar sands projects, effective immediately.

AIG also said that it will immediately stop investing in or underwriting “new operation insurance risks” of coal-fired power plants, thermal coal mines, or tar sands projects owned by corporations that derive 30% or more of their revenue from those industries or generate over 30% of their energy production from coal. Continue reading

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UN Chief: IPCC Report a ‘Damning Indictment of Failed Climate Leadership’

“The facts are undeniable. This abdication of leadership is criminal,” said United Nations Secretary-General António Guterres.

By Jake Johnson.  Published 2-28-2022 by Common Dreams

The Holy Fire At Lake Elsinore, California August 9, 2018 Photo: slworking2/flickr/CC

A landmark scientific report published Monday warns that the human-caused climate crisis is driving a “dangerous and widespread disruption in nature” and impacting billions of lives across the globe, emergencies that can only be redressed by immediate and sweeping action that world leaders have thus far failed to take.

The product of years of collaborative research by scientists from around the world, the latest Intergovernmental Panel on Climate Change (IPCC) report “emphasizes the urgency of immediate and more ambitious action to address climate risks,” said Hoesung Lee, chair of the IPCC. Continue reading

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The Supreme Court could hamstring federal agencies’ regulatory power in a high-profile air pollution case

Coal piles outside of PacifiCorp’s Hunter power plant in Castle Dale, Utah.
George Frey, AFP, via Getty Images

Albert C. Lin, University of California, Davis

On Feb. 28, 2022, the U.S. Supreme Court will hear oral arguments in West Virginia v. EPA, a case that centers on the U.S. Environmental Protection Agency’s authority to regulate greenhouse gas emissions that drive climate change. How the court decides the case could have broad ramifications, not just for climate change but for federal regulation in many areas.

This case stems from actions over the past decade to reduce greenhouse gas emissions from power plants, a centerpiece of U.S. climate change policy. In 2016, the Supreme Court blocked the Obama administration’s Clean Power Plan, which was designed to reduce these emissions. The Trump administration repealed the Clean Power Plan and replaced it with the far less stringent Affordable Clean Energy Rule. Various parties challenged that measure, and a federal court invalidated it a day before Trump left office. Continue reading

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‘Monstrous’ Methane Plume Seen From Space Highlights Invisible Fracking Dangers

“While this event is particularly severe, Louisiana is already forced to live through an exorbitant amount of pollution daily from fossil fuel and petrochemical plants.”

By Julia Conley.  Published 2-16-2022 by Common Dreams

A satellite image shows a plume of methane stretching across much of Louisiana on January 21, 2022. (Image: Kayrros SAS)

Environmental justice advocates on Wednesday pointed to a methane plume so large it was seen last month from space via satellite as the latest evidence that emissions of the potent fossil fuel must be reined in.

As Bloomberg reported Monday, the geoanalytics firm Kayrros SAS detected the plume of the invisible greenhouse gas, which spanned 56 miles and covered several parishes across Louisiana, on January 21. Continue reading

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‘Wake-Up Call’: NOAA Predicts One-Foot Sea-Level Rise by 2050

“This decade we’re in right now is one of the most consequential decades for our climate future,” said one scientist.

By Kenny Stancil.  Published 2-15-2022 by Common Dreams

Residents were evacuated from a flooded neighborhood in, Helmetta, a borough in Middlesex County, New Jersey after Tropical Storm Henri. Screenshot: My Central Jersey

Ocean levels along the U.S. coastline are projected to rise by an average of 10 to 12 inches over the next three decades, worsening the threat of flooding in dozens of highly populated cities, according to a new report released Tuesday by the National Oceanic and Atmospheric Administration and other federal agencies.

The additional foot of sea-level rise that millions in the U.S. are predicted to face by mid-century is equivalent to the amount experienced in the previous hundred years—a manifestation of the climate crisis that scientists attribute to unmitigated greenhouse gas (GHG) pollution driven primarily by the burning of fossil fuels. Continue reading

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