Posts filtered by tags: Big Oil[x]


We Ran Out of Fuel on the East Coast

With the Colonial Pipeline shut down due to last week’s ransom hacking, the Eastern United States has found itself running out of fuel. The line was shut down on Friday as a precaution and we’ve since learned that it’s not going to be reopened until this weekend — and maybe not even then. While this has […] The post We Ran Out of Fuel on the East Coast appeared first on The Truth About Cars.
Tags: Government, Oil, Autos, Oil Pipeline, Pipeline, East Coast, Diesel, Gasoline, Eastern United States, Big Oil, News Blog, Gas Stations, Colonial Pipeline, Fuel Prices, Oil refineries, Fuel Stations

#Saudi Aramco Follows Big Oil Rivals With Bumper Earnings - Bloomberg

Saudi Aramco Follows Big Oil Rivals With Bumper Earnings - Bloomberg Saudi Aramco’s profit soared in the first quarter following a recovery in global oil and gas markets, though free cash flow remained too low to fully cover dividend payments.The world’s biggest energy company kept its quarterly payout, almost all of which goes to the Saudi government, at $18.75 billion. The money is vital for the kingdom as it tries to narrow a budget deficit that ballooned last year, with the coronavirus pan...
Tags: Travel, Royal Dutch Shell Plc, BP Plc, Big Oil, Rupert Neil Bumfrey, Amin Nasser, Bloomberg Saudi Aramco

Summer Gas Shortage Likely for Dumbest Reason

As if you needed more doom and gloom to kick off this week, the National Tank Truck Carriers (NTTC) lobby has confessed that its fleet will go into the next few months operating well below capacity. That means there’s a very good chance that some parts of the country could see gas shortages over the summer. While […] The post Summer Gas Shortage Likely for Dumbest Reason appeared first on The Truth About Cars.
Tags: Jobs, Supply Chain, Fuel, Autos, Drivers, Shortage, Fuel Economy, Industry News, Oil Industry, Big Oil, News Blog, National Tank Truck Carriers NTTC, Fuel Shortage, Tanker Operators

QOTD: Change the World’s Climate by 2030 or Just Talk About It?

The world’s climate has been centerstage the last two days. President Biden and other world leaders have vowed to reduce global warming by making drastic changes. Will they follow through? At the 2015 Paris climate accord, then-President Obama set greenhouse gas reduction at half what Biden has proposed. Former President Trump, Obama’s successor, did little […] The post QOTD: Change the World’s Climate by 2030 or Just Talk About It? appeared first on The Truth About Cars.
Tags: Asia, Europe, Japan, UK, Technology, Obama, Congress, Climate Change, Government, China, Germany, Global, Eu, Green, Infrastructure, Canada

Meet the man who spent 2 years on house arrest after suing an oil company.

I first heard the story of Steven Donziger on the fifth season Amy Westervelt's brilliant true crime climate change podcast Drilled! But Esquire also recently published an excellent story about him as well. As of that article's publication, he'd been under house arrest for 590 days after being slapped with an ankle bracelet for the civil misdemeanor of … not turning his laptop over to a corporation he'd defeated in court, because it would be a violation of attorney-client privilege. — Read the r...
Tags: Post, Corruption, News, Climate Change, Oil Spill, Chevron, Oil Industry, Esquire, Big Oil, Government Corruption, Climate Justice, Amy Westervelt, Corporate Corruption, Climate Change Is Real, Steven Donziger, Climate Criminals

Big Oil Fed State Educators Stats Used to Push Back on Biden’s Climate Goals

For years, Big Oil has cozied up to American public schools—and now they seem to be cashing in their chips. New emails appear to show that some elected officials in charge of public schools may have been helped in attacking the Biden administration’s recent decision to pause oil and gas leasing on federal land by…Read more...
Tags: Science, Biden, Big Oil, Big Oil Fed

How Big Meat Is Funding Climate Denial and Polluting the Planet

Move over, Big Oil, and make some room for Big Meat at the climate shame table. A new study shows agribusiness is a major source climate misinformation as well as carbon emissions.Read more...
Tags: Amazon, Science, Environment, Articles, Greenhouse Gas Emissions, Greenhouse Gas, Climate Change Policy, Carbon Dioxide, Nestle, Natural Environment, Big Oil, Fonterra, Hormel, Climate Change Denial, Carbon Neutrality, WH Group

Oil 2021 Outlook – Oversupply and Lower Demand

  Oil 2021, an analysis by the International Energy Agency (IEA), explains why the pandemic caused the collapse in demand for oil in 2020, and why it may never return to ‘normal’. Our behaviors as individuals and nations have changed due to COVID-19, and the restrictions placed on us during this time. There has also […] The post Oil 2021 Outlook – Oversupply and Lower Demand appeared first on The Truth About Cars.
Tags: Technology, Global, Green, Environmental, Industry, Electric Vehicles, Emerging Markets, Autos, IEA, Carbon Footprint, Oil Industry, International Energy Agency IEA, International Energy Agency, Big Oil, COVID-19, Oil Surplus

Warren Buffett sells JPMorgan Chase stock and buys Verizon

It appears that Warren Buffett is souring on the financial sector's prospects, and that the Oracle of Omaha also has a newfound interest in Big Oil, as well as telecom and media.
Tags: Verizon, Cnn, Omaha, Warren Buffett, JPMorgan Chase, Big Oil

Exxon and Chevron Reportedly Considered Becoming an Oil-Stained Voltron

Oil companies have had a rough go since the pandemic sent their main product into a tailspin. In an effort to maintain dominance in a rapidly changing world, Exxon and Chevron, the two biggest oil companies in the U.S., apparently weighed a blockbuster merger.Read more...
Tags: Politics, Science, Environment, ExxonMobil, Companies, Chevron, Exxon, Big Oil, Oil Companies, Chevron Corporation, Human Interest, Rockefeller Family, Darren Woods, Corporate Crime, American Brands, Entertainment_culture

Wednesday round-up

Here’s a round-up of Supreme Court-related news and commentary from around the web: Roberts to swear in yet another president who opposed him (Mark Sherman, Associated Press) Trump transformed the Supreme Court that mostly helped advance his agenda (Joan Biskupic, CNN) A four-year timeline of Donald Trump and the Supreme Court (Joan Biskupic, CNN) Supreme Court questions Big Oil effort to duck liability (Pamela King, E&E News) U.S. Supreme Court hears arguments in Baltimore’s climate change law...
Tags: Fcc, Supreme Court, Law, Donald Trump, Baltimore, Federal Trade Commission, Round-up, Mark Sherman, Roberts, Big Oil, Andrew Chung, Joan Biskupic, Supreme Court Argument, Associated Press Trump, AMG Capital Management LLC, Supreme Court Joan Biskupic CNN Supreme Court

The Trump administration's last-minute attempt to sell off Alaskan drilling rights totally bombed

A small bit of good news that got overshadowed by the rest of the chaos on Wednesday, January 10: Shortly after President Trump lost his bid for re-election, the Trump Administration decided to push through some rushed plans to sell off the oil drilling rights to the previously-protected Arctic National Wildlife Refuge in Alaska. — Read the rest
Tags: Post, News, Climate Change, Oil, Alaska, Land Rights, Land Use, Trump, Oil Industry, Public Lands, Big Oil, Arctic National Wildlife Refuge, Public Land, Trump Administration, Drill Baby Drill

Gen Z'ers who aspired to work in the oil industry are feeling very sad about their future prospects

The New York Times has a new piece focusing on 4 young 20-somethings who are suddenly questioning their lifelong goals of making bank in the oil and petroleum industries. There's Sabrina Burns, a senior studying petroleum engineering at UT Austin, who has been crushed by the drop in demand for oil and gas, thanks to coronavirus pandemic: Ms. — Read the rest
Tags: Post, News, Oil, New York Times, Petroleum, Oil Industry, Big Oil, Gen Z, UT Austin, Snake Oil, Climate Change Is Real, Zillennials, What's Climate Change Ruining Today, Sabrina Burns

How fossil fuel companies are knowingly scheming to profit from climate change

In early March 2020, New York Magazine published an excellent article the went behind the scenes of a Shell corporate conference. It's a long read, but has continued to haunt me ever since, as journalist Malcolm Harris (author of Kids These Days: Human Capital and the Making of Millennials) chats it up with oil executives who — shockingly — aren't as in denial about climate change as one might expect. — Read the rest
Tags: Post, News, Climate Change, Oil, Renewable Energy, Fossil Fuels, Shell, New York Magazine, Oil Industry, Big Oil, Fossil Fuel Industry, Malcolm Harris, Climate Justice, Climate Crisis, Death Profiteering

It's time for America to finally take on Big Oil

Rusted out 'pump-jacks' are viewed on March 26, 2015 in the oil town of Luling, Texas. Spencer Platt/Getty Images The US has been giving handouts and subsidies to oil companies for decades. But the government needs to cut off these handouts to the debt-fueled industry to help fight climate change and actually achieve justice. President-elect Joe Biden needs to step up and take a stand against the oil industry. Robert Weissman is president of Public Citizen. This is an opinion colum...
Tags: New York, Congress, Washington, US, America, Trends, ExxonMobil, Bank Of America, Joe Biden, Earth, Paris, Arctic, Federal Reserve, Biden, Donald Trump, Shell

Exxon Thinks You're Stupid

In March, Exxon CEO Darren Woods whined that other oil companies drafting climate plans were simply engaging in a “beauty match.” Now, Exxon has a climate plan of its own. But it’s the ugliest and most craven of the bunch because it actually says nothing about reducing emissions.Read more...
Tags: Science, Exxon, Big Oil, Darren Woods, Climate Plan, Crude Awakenings

New York State Just Set a New Standard for Fossil Fuel Divestment

After an eight-year fight to get New York to divest its $226 billion pension fund from fossil fuels, activists have won a major victory. On Wednesday, New York Comptroller Tom DiNapoli announced the state will take a systematic approach to ensure the third-largest pension fund in the U.S. divests from fossil fuels by…Read more...
Tags: New York, Science, Fossil Fuels, Oil And Gas, Divestment, Big Oil, Tom DiNapoli

Activist Attacks Oil Companies by Shaming Ad Agencies

Environmental activist Jamie Henn, and his firm, Fossil Free Media, are attacking advertising and PR agencies that work on oil industry accounts. Their initiative, Clean Creatives, is designed to shame some of the world’s largest PR and ad agencies in hopes that they will resign. “We want to get PR and ad agencies to stop […] The post Activist Attacks Oil Companies by Shaming Ad Agencies appeared first on The Truth About Cars.
Tags: Technology, Media, Environment, Green, Electric Vehicles, Autos, Alternative Energy, Big Oil, Petroleum Industry, PR Firms, Advertising Agencies, News Blog, Environmental Activists, Jamie Henn, Fossil Free Media

Exxon Continues Unprecedented Tumble

When the fossil fuel industry finally winds down in the coming decades, 2020 will stand as a pivotal year. Major corporations have been knocked off their pedestals, and there’s no bigger fall than Exxon’s.Read more...
Tags: Science, Exxon, Big Oil, Crude Awakenings

The Monday Roundup: Toxic trucks, tragic bike deliveries, Big Oil’s concern trolling, and more

Welcome to the week. Before we get to our recap of the most notable items from the past seven days, don’t forget that The eBike Store’s Black Friday Sale runs through Friday December 4th. Roll over to their Covid-safe shop across from Peninsula Park and tell them BikePortland sent you. And away we go… Karencentives: Hoping to increase safety around bike lanes (among other things) a bill from New York City council would increase fines for illegal parking and give 25% of the fee to the person...
Tags: Australia, New York City, Sport, Features, Front Page, Chicago, Cycling, Sydney, Portland, Epa, Big Oil, ODOT, Jonathan Maus, BikePortland, The Monday Roundup, Biketown Portland

Meet the most fossil fuel-friendly member of Biden's cabinet

US Representative Cedric Richmond (D-LA), who served as the national co-chair for the campaign of President-Elect Joe Biden, has been named a senior adviser for the Office of Public Engagement (formerly the Office of Public Liaison). The position deals largely with issues of "public policy" — which, in the Biden administration, means a lot of domestic climate policy. — Read the rest
Tags: Post, News, Climate Change, US, Joe Biden, Fossil Fuels, Biden, Oil Industry, Big Oil, Fossil Fuel Industry, Office of Public Engagement, Climate Crisis, Cedric Richmond, Cedric Richmond D La, Office of Public Liaison, Sunrise Movement

The Danger of Big Oil’s New Methane Emissions Pledge

On Monday, 62 oil majors that represent 30% of the world’s oil and gas production signed an international agreement to report methane emissions with a far higher level of transparency.Read more...
Tags: Science, United Nations, Methane, Big Oil, Fossil Fuel Industry, Fuck Fossil Fuels

Biden's climate change policies are better than Trump's, but they still aren't enough to prevent a climate catastrophe

Climate activists protest in New York. Don Emmert/AFP American voters rejected Trump's climate-change-denial-as-federal-policy approach and showed their commitment to a greener future at the ballot box this month by voting on key state issues. The Biden administration promises a return to certain Obama-era climate and energy policies — but it's a far cry from the aggressive action favored by experts and activists. Time is running out to prevent a catastrophic climate future. Marianne Dheni...
Tags: Obama, Oregon, Time, US, Barack Obama, Trends, United States, New York Times, Paris, Middle East, Michigan, Keystone Xl, Nevada, Louisiana, Biden, Environmental Protection Agency

The world’s warriors are under attack, but we must keep on fighting

The murder of Fikile Ntshangase in KwaZulu-Natal was not an isolated incident. Around the globe, from Nigeria to Brazil, environmental activists are similarly being silenced, and it is our duty to continue this struggle The post The world’s warriors are under attack, but we must keep on fighting appeared first on The Mail & Guardian.
Tags: Activism, Justice, Opinion, Nigeria, Environment, Brazil, Amazon Rainforest, Indigenous Peoples, Killings, Environmental Destruction, KwaZulu-Natal, Openaccess, Niger Delta, Big Oil, Mining Companies, Fikile Ntshangase

For Sale: Oil Company Headquarters, Slightly Used

When you fall on hard times, you sometimes have to downsize. So it is with BP, which is in talks to sell its London headquarters because of massive financial losses. Multinational oil companies: They’re just like us.Read more...
Tags: Real Estate, Science, London, Fossil Fuels, Bp, Big Oil, Crude Awakenings, Fire Sales, Oil Company Headquarters

Shell's Bad Tweets Reek of Desperation

“Social license to operate” is one of the life-bloods of brands. Reportedly coined by Canadian mining CEO James Cooney in 1997 after a disaster, the concept is basically how much the public is willing to embrace (or at least put up with) how an industry operates.Read more...
Tags: Twitter, Science, Fossil Fuels, Shell, Big Oil, James Cooney

With No Cuts Left to Make, Big Oil Sits and Waits for a Recovery - Bloomberg

With No Cuts Left to Make, Big Oil Sits and Waits for a Recovery - Bloomberg It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting another dismal set of quarterly earnings: “Prices will have to rise.”After months of low oil and gas prices driven by weak demand, the world’s largest international oil companies have largely exhausted their financial defenses, leaving little room to maneuver if they’re ...
Tags: Travel, Saudi Arabia, Russia, Opec, Chevron, Exxon, Exxon Mobil Corp, BP Plc, Big Oil, Ben van Beurden, Rupert Neil Bumfrey, Recovery Bloomberg, Swiger, Andrew Swiger, Shell Brent

Exxon Pays Off Shareholders, Lays Off Workers

The tragedy of Exxon continues. On Thursday, the company said it expects to lay off roughly 14,000 workers over the next year. The huge reduction comes even as it pays out shareholders, albeit at a flat level for the first time in nearly four decades.
Tags: Layoffs, Science, Exxon, Big Oil, Coronavirus

Amy Coney Barrett Is One Big Walking Conflict of Interest

Amy Coney Barrett, Trump’s nominee for Supreme Court Justice, still won’t say if she thinks climate change is real.Read more...
Tags: Science, Supreme Court, Shell, Supreme Court Justice, Big Oil, Amy Coney Barrett, Amy Coney Barrett Trump

Exxon denies Trump called CEO for money. But Big Oil is donating way more to Trump than Biden

President Donald Trump is a fierce backer of the fossil fuels industry. And that support is paying off big time in the money race.
Tags: Cnn, Biden, Donald Trump, Exxon, Trump, Big Oil