Tag Archives: Big Oil

Bye Bye, Big Oil? BP Admits Demand May Have Already Peaked, Predicts Growth of Renewable Energy

Welcoming news that oil demand may never recover to pre-pandemic levels, Greenpeace noted that “a #GreenRecovery will hasten its demise.”

By Jessica Corbett, staff writer for Common Dreams. Published 9-14-2020

BP’s annual report on the future of energy, released Monday, says demand for oil may have peaked last year and projects significant growth in renewables over the next three decades. (Photo: tolkien1914/flickr/cc)

As communities worldwide face off against and file suit over the devastating impacts of a climate crisis notably driven by fossil fuel giants, BP on Monday gave just the latest signal that the dirty energy industry is dying—admitting that global demand for oil may have already peaked while projecting significant growth in renewables over the next few decades.

The new edition of BP’s annual Energy Outlook features three potential transition scenarios to 2050, the year by which the British firm says it intends to deliver its net-zero ambition. The forecast, Reuters reported, “underpins chief executive Bernard Looney’s new strategy to ‘reinvent’ the 111-year old oil and gas company by shifting renewables and power.” Continue reading

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“Is There No End to Big Oil’s Evil?” Campaigners Condemn Industry Plan to Pour US Plastics Into Africa

Anti-pollution advocates responded with alarm to the American Chemistry Council’s reported efforts to influence a pending U.S.-Kenya trade deal.

By Jessica Corbett, staff writer for Common Dreams. Published 8-31-2020

The Dandora dumpsite, Kenya. Photo: Mike Sonko/Facebook

Green groups responded with alarm to Sunday reporting by the New York Times and Unearthed that a U.S.-based trade group for major chemical and fossil fuel companies has lobbied the Trump administration during the Covid-19 pandemic to use a forthcoming trade agreement to flood the African continent with plastics.

U.S. Trade Representative Robert Lighthizer and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development Betty Maina launched trade negotiations in July. The new reports shed light on the lobbying efforts of the American Chemistry Council (ACC), whose members include the petrochemical operations of the oil giants Chevron, ExxonMobil, and Shell as well as chemical companies such as Dow and DuPont. Continue reading

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Following Outrage, Trump Pulls Nomination of “Unapologetic Racist’ William Perry Pendley to Oversee Nation’s Public Lands

“Pendley never should have been nominated, and the fact that he was shows you what you need to know about this administration’s conservation priorities.”

By Andrea Germanos, staff writer for Common Dreams. Published 8-15-2020

BLM Deputy Director for Policy and Programs William Perry Pendley rides a bike in Moab, Utah on October 25, 2019. (Photo: Eric Coulter, BLM, CC BY 2.0)

Environmental campaigners on Saturday welcomed news that President Donald Trump withdrew his nomination of “pro-polluter” and “unapologetic racist” William Perry Pendley for director of the Bureau of Land Management, with groups saying he should no longer be allowed to continue in his role as unofficial head of the agency.

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Trump EPA Plan to Gut Emission Rules for Oil and Gas Industry Denounced as ‘Beyond Comprehension’

“If Trump is reelected and this rule sticks, it is probably the single most consequential near-term climate decision of his presidency.”

By Julia Conley, staff writer for Common Dreams. Published 8-11-2020

Methane flare. Photo: GlobalChange.gov

In a move one green group said shows the Trump EPA’s approach is “manifestly inconsistent with the agency’s legal obligations” and with science, the agency is under fire for preparations to roll back methane rules for U.S. oil and gas producers.

Before Friday, the New York Times reported, the EPA is expected to unveil two new rules regarding methane, a greenhouse gas with 80 times the heat-trapping power of carbon dioxide in the first two decades after emission. Continue reading

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As Biden Embraces More Ambitious Climate Plan, Fossil Fuel Execs Donating to Trump ‘With Greater Zeal’ Than 2016

“We’ve seen a pretty huge transformation in Biden’s climate plan,” said Varshini Prakash, co-founder and executive director of the Sunrise Movement.

By Jake Johnson, staff writer for Common Dreams. Published 8-3-2020

ExxonMobil facility near Chicago. (Photo: Richard Hurd, Flickr, CC BY 2.0)

With presumptive Democratic nominee Joe Biden’s climate platform becoming increasingly ambitious thanks to nonstop grassroots pressure, fossil fuel executives and lobbyists are pouring money into the coffers of President Donald Trump’s reelection campaign in the hopes of keeping an outspoken and dedicated ally of dirty energy in the White House.

The Houston Chronicle reported Monday that oil and gas executives “are writing checks to President Donald Trump with greater zeal than they did four years ago, as Biden campaigns on a climate plan that seeks to eliminate carbon emissions by mid-century.” Continue reading

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New Investigation Reveals How Fossil Fuel Giants Are Amplifying Militarized Police Forces

“This report sheds a harsh and needed light on the ways police violence and systemic racism intersect with the climate crisis.”

By Andrea Germanos, staff writer for Common Dreams. Published 7-27-2020

Saint Paul, Minnesota police officers covered in riot gear march and line up during the 2008 Republican National Convention (RNC) at the Xcel Energy Center.. Photo: Tony Webster/Wikimedia Commons/CC

The same industries fueling the climate crisis and disproportionately polluting Black and brown communities across the U.S are bankrolling police foundations, groups which can help militarize local police departments.

That’s according to a new investigation from transparency group Public Accountability Initiative and its LittleSis project. Continue reading

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‘The Public Has a Right to Know’: Fed Refuses to Release Documents on Fossil Fuel Industry’s Covid-19 Bailouts

“As the climate crisis demands an abrupt shift away from fossil fuels, the federal government should not be creating programs to bail out these polluters.”

By Jake Johnson, staff writer for Common Dreams. Published 7-9-2020

“The Federal Reserve was tasked with creating a massive program to protect workers’ livelihoods during an intense economic and public health crisis. We should, at the very least, expect transparency about how the program is structured,” said Food & Water Action attorney Adam Carlesco. (Photo: Tony Webster/Flickr/cc)

The Federal Reserve has missed a deadline to release documents requested by environmental group Food & Water Action in May to reveal the extent to which the central bank has used one of its major Covid-19 lending programs to rescue the faltering oil and gas industry.

“The public has a right to know if the Fed created an oil and gas bailout at the behest of an industry that has wreaked havoc on our air, water, climate, and potentially the global financial system,” Food & Water Action attorney Adam Carlesco said in a statement. “As the climate crisis demands an abrupt shift away from fossil fuels, the federal government should not be creating programs to bail out these polluters.” Continue reading

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In Latest Legal Blow to Trump and Dirty Energy, Federal Appeals Court Upholds Block on Keystone XL Permit

“Contrary to what the Trump administration has argued, the law is clear. We won’t sacrifice imperiled species so giant corporations can profit from the dirty fossil fuels that pollute our waters and climate.”

By Jon Queally, staff writer for Common Dreams. Published 5-28-2020

“The Trump administration has repeatedly violated the law in its relentless pursuit of seeing Keystone XL built, and it would have been unconscionable to allow this pipeline to be built through rivers, streams and wetlands while it remains tied up in court,” said Doug Hayes, a senior attorney with Sierra Club, following the ruling by the Ninth Circuit. (Photo: Tar Sands Blockade)

In another legal victory for opponents of Keystone XL and similar pipelines, the U.S. Court of Appeals for the Ninth Circuit on Thursday upheld a lower court ruling that suspended a federal fast-track permit for the controversial tar sands project that campaigners for nearly a decade have opposed as a climate-destroying effort of the first order.

Siding with the previous ruling and against the Trump administration, the court’s ruling said the government and fossil fuel companies behind the project “have not demonstrated a sufficient likelihood of success on the merits and probability of irreparable harm to warrant a stay pending appeal.” Continue reading

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Trump-Connected Fossil Fuel Companies Permitted to Delay Payments of $56 Million in Pollution Fines During Pandemic

“People are struggling to find rent money for next month, but thank god the Trump administration is providing relief for the millions these poor, vulnerable corporate polluters owe.”

By Julia Conley, staff writer for Common Dreams. Published 5-27-20220

The Sherburne County (Sherco) Generating Station, a coal-fired power plant owned by Xcel Energy and located in Becker, Minnesota, shown in 2016. (Photo: Tony Webster/Flickr/cc)

Corporations with close ties to Trump administration officials are among 10 companies being permitted to delay payments of millions of dollars in fines for pollution they caused, according to The Guardian and government watchdog Accountable.US.

The companies had agreed to pay a collective total of $56 million in civil penalties for contributing to pollution in communities across the country, but they were informed in April by the Department of Justice that they can pause their payments during the pandemic. Continue reading

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Oil Companies Can Set Their Own Rates for Royalties From Drilling on Public Lands Thanks to Trump: Report

“Oil and gas corporations already pay pennies compared to what they make in profits from plundering public lands—land that belongs to the American people—and now they’ll pay even less.”

By Julia Conley, staff writer for Common Dreams. Published 5-22-2020

A drilling rig in the Uinta Basin in Utah, with the Uinta Mountains shown in the background. (Photo: WildEarth Guardians/Flickr/cc)

In a display of loyalty to what Greenpeace called “the most polluting industry in history,” the Trump administration is allowing dozens of oil and gas companies to set their own rates for royalties they’re required to pay on revenue generated from drilling on public lands.

As High Country News reported Thursday, the Bureau of Land Management (BLM) contacted its state offices the day after global oil prices plunged to below $0 per barrel as the Covid-19 pandemic caused an unprecedented drop in demand. Continue reading

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