Tag Archives: BP

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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Fossil Fuel Lobbyists Have Larger Presence at COP26 Than Any Single Country: Report

“COP26 is being sold as the place to raise ambition, but it’s crawling with fossil fuel lobbyists whose only ambition is to stay in business.”

By Jake Johnson.  Published 11-8-2021 by Common Dreams

Glasgow Green – march for the climate on November 6, 2021. Photo: The Left/flickr/CC

A coalition of watchdog groups estimated Monday that fossil fuel industry representatives have a larger presence at COP26 than officials from any single country, a finding that further intensified environmentalists’ concerns about the legitimacy of the high-stakes climate summit.

After pouring over a 1,600-page United Nations list of approved COP26 attendees, the coalition led by Global Witness published an analysis showing that at least 503 fossil fuel lobbyists have been admitted to the summit in Glasgow, Scotland. Continue reading

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Biden EPA Lining Up With Chemical Industry Against Push to Curb Microplastics: Greenpeace

“While you might expect Trump’s EPA to align with the oil and chemical industry against protections for the American people from potentially harmful plastic chemicals, the Biden administration must do better.”

By Julia Conley, staff writer for Common Dreams. Published 6-28-2021

Microplastics in the Chesapeake Bay Watershed. Photo: Chesapeake Bay Program/flickr/CC

A Greenpeace investigation revealed Monday that the Biden administration appears sympathetic to oil and chemical industry giants—not the public, scientists, and public health advocates—regarding a push in Europe to curb the use of microplastics in everyday products.

According to a report by Unearthed Greenpeace UK’s investigative journalism unit, a senior policy advisor at the Environmental Protection Agency (EPA) named Karissa Kovner exchanged emails with the American Chemical Council (ACC) in April 2019 regarding a proposal by the Swiss government to list microplastic UV-328 in the Stockholm Convention, the U.N.’s global treaty on chemicals that don’t easily break down in nature. Continue reading

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G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations

One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom alive and kicking.”

By Jake Johnson, staff writer for Common Dreams. Published 6-5-2021

U.S. Treasury Secretary Janet Yellen at the World Bank 2021 Spring Meetings. Phpto: World Bank/flickr/CC

Representatives from seven of the world’s wealthiest nations reached an agreement on Saturday to support a global minimum tax rate of at least 15% for multinational companies, a move aimed at curbing the use of tax havens and ending the decades-long race to the bottom on corporate taxation.

The deal struck by the U.S., Japan, Germany, France, the U.K., Italy, and Canada still faces a long road to implementation, but Saturday’s development marks substantial progress toward a global accord that could allow governments to raise revenue from corporate giants notorious for shifting operations and profits overseas to avoid taxes. Continue reading

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With Deep Fossil Fuel Ties, Justice Barrett Called to Recuse Herself From Pending Climate Case

“Barrett posing as an impartial judge in this hearing for climate accountability is about as safe as the Big Bad Wolf giving Little Red Riding Hood directions to Grandma’s house.”

By Jon Queally, staff writer for Common Dreams. Published 1-12-2021

Judge Amy Coney Barrett during her Circuit Court confirmation hearing. Screenshot: C-SPAN

Supreme Court Justice Amy Coney Barrett—confirmed just ahead of President Donald Trump’s 2020 election loss in November—is being called to recuse herself from an upcoming decision regarding a potentially landmark climate case now pending.

“Barrett posing as an impartial judge in this hearing for climate accountability is about as safe as the Big Bad Wolf giving Little Red Riding Hood directions to Grandma’s house,” said Lindsay Meiman, U.S. communications manager at the climate action group 350.org. “We demand Barrett immediately recuse herself of any and all cases concerning climate and the fossil fuel industry, starting with the upcoming Baltimore vs. Big Oil hearing.” Continue reading

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Under Cover of Thanksgiving, Trump Administration Pushes to Relax Rules Protecting Birds

The proposal—which the administration admits would likely lead to more avian deaths—would let energy and other companies off the hook for “incidentally” killing birds.

By Brett Wilkins, staff writer for Common Dreams. Published 11-27-2020

A Bohemian waxwing spotted in Whitehorse, Yukon Territory on December 27, 2012. (Photo: Keith Williams/Flickr/cc)

Despite acknowledging that the move would lead to an increase in the 500 million to one billion birds that die each year in the United States due to human activity, the Trump administration on Friday published a proposed industry-friendly relaxation of a century-old treaty that protects more than 1,000 avian species.

As part of the administration’s race to rush through as many regulatory rollbacks as possible before President-elect Joe Biden enters office on January 20, the U.S. Department of the Interior released an analysis that sets the stage for modification of the U.S. Fish and Wildlife Service’s interpretation of the 1918 Migratory Bird Treaty Act (MBTA). Continue reading

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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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‘Surprised, No. Disgusted, Yes’: Study Shows Deepwater Horizon Oil Spread Much Further Than Previously Known

“Time to get off fossil fuel and on to renewables.”

By Julia Conley, staff writer for Common Dreams. Published 2-12-2020

A controlled burn in the Gulf of Mexico off the Louisiana coast on June 9, 2010, less than two months after the catastrophic BP oil spill. (Photo: Deepwater Horizon Response/flickr/cc)

Ten years after BP’s Deepwater Horizon disaster sent hundreds of millions of gallons of oil across the Gulf of Mexico, researchers say the reach of the damage was far more significant than previously thought.

In a study published Wednesday in Science, Claire Paris-Limouzy and Igal Berenshtein of the University of Miami revealed that a significant amount of oil was never picked up in satellite images or captured by barriers that were meant to stop the spread. Continue reading

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‘The Guy Who Defended Company That Caused Worst Oil Spill in US History’ Just Confirmed to Head DOJ’s Environmental Division

“Clark’s blatant hostility toward environmental protection is good news for polluters, but awful news for the rest of us.”

By Jessica Corbett, staff writer for Common Dreams. Published 10-11-2018

U.S. Coast Guard crews work to put out a fire during the Deepwater Horizon disaster in the Gulf of Mexico in 2010. (Photo: U.S. Coast Guard)

Democratic Sens. Joe Manchin (W.Va.) and Claire McCaskill (Mo.) joined with Senate Republicans on Thursday to confirm Jeffrey Bossert Clark—a climate-denying former attorney for the fossil fuel industry—to lead the Justice Department’s Environment and Natural Resources Division.

“Clark’s blatant hostility toward environmental protection is good news for polluters, but awful news for the rest of us,” warned Environmental Working Group (EWG) president Ken Cook. “The guy who defended the company that caused the worst oil spill in U.S. history is not likely to aggressively go after corporate environmental outlaws.” Continue reading

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‘Watershed Moment for Climate Liability’ as Rhode Island Files Historic Lawsuit Against 21 Big Oil Companies

“Here we are—the smallest state, the Ocean State—taking on the biggest, most powerful corporate polluters in the world,” said the state’s attorney general. “They need to be held accountable.”

By Jessica Corbett, staff writer for Common Dreams. Published 7-2-2018

In what advocates are calling a “watershed moment” for climate litigation, Rhode Island’s Democratic Attorney General Peter F. Kilmartin announced on Monday that the state has filed a lawsuit against 21 major oil companies—including BP, Chevron, ExxonMobil, and Shell—”for knowingly contributing to climate change, and causing catastrophic consequences to Rhode Island, our economy, our communities, our residents, our ecosystems.”

“This lawsuit marks the first in the country filed on behalf of a state and its citizens against Big Oil,” Kilmartin declared. “For a very long time there has been this perception that they, Big Oil, were too big to take on, but here we are—the smallest state, the Ocean State—taking on the biggest, most powerful corporate polluters in the world, because it’s the right thing to do. They need to be held accountable.” Continue reading

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