Tag Archives: Permian Basin

‘Alarming’: FERC Ignores Climate Impacts and Rubber-Stamps Texas Pipeline

“The world does not need more LNG, and FERC is out of step with the reality of the climate crisis and communities impacted by these projects,” one advocate said.

By Olivia Rosane. Published 2-15-2024 by Common Dreams

Culberson County Hospital (left) and Van Horn Rural Health Clinic (right) are shown in Van Horn, Texas, where residents are concerned about the local health system’s ability to cope with a major pipeline explosion. (Photo: Texas.pics/Wikipedia/CC BY-SA 3.0)

The Federal Energy Regulatory Commission approved a controversial pipeline on Thursday despite opposition from local and Indigenous communities and without considering its climate impacts.

The commission limited its review of the Saguaro Connector Pipeline to a 1,000-foot stretch of the project on the Texas and Mexican border. If built, the pipeline could transport as many as 2.8 billion cubic feet of fracked gas per day to an export facility in Mexico, where it would be shipped to Asia and Latin America. The decision comes weeks after the Biden administration paused Department of Energy (DOE) approvals of new liquefied natural gas (LNG) exports while it updates its assessment criteria.

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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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