Archive for the ‘oil’ Category
Environmental Leader reported last week on a Securities and Exchange Commission ruling that ExxonMobil must allow its shareholders to vote on a climate change resolution.
That would be a first for the oil major, which has consistently denied or avoided shareholder votes on resolutions designed to determine the long-term impacts of its business decisions on climate, and perhaps force—or shame—it to make changes. If that all seems rather nebulous and, in the end, pointless—given Exxon’s business model (oil exploration and production)—it’s because it is. But it might be a small step in the right direction for a company that has lied (or covered up) for decades about what it knew about climate change and that continues to fund climate science deniers.
The latest resolution that shareholders will vote on at its annual meeting in May would force the oil giant to disclose how climate change would affect its business. According to the EL report, New York comptroller Thomas P. DiNapoli co-filed the shareholder proposal in December, asking Exxon to publish an annual assessment of the long-term portfolio impacts of climate change policies. Read the rest of this entry »
Word that ExxonMobil is still funding climate science deniers comes as no surprise but does reveal much about how feckless and arrogant the company is. Basically, the oil major is playing with us while thinking we won’t notice.
A long piece this month in the Huffington Post by Elliott Negin, a senior writer at the Union of Concerned Scientists, outlined ExxonMobil’s current approach on climate change. It also noted this carefully parsed statement from spokesman Richard Kiel: “We do not fund or support those who deny the reality of climate change.” Read the rest of this entry »
When the CEO of Royal Dutch Shell chats up the importance of renewable energy as part of the globe’s future energy mix, one might well be a tad suspicious—after all this is an oil major speaking, right?
Could it be that Ben van Beurden has seen the light, powered by things other than fossil fuels? Is it possible he is thinking about the future in a way that’s perhaps more enlightened than simply rhetorical?
Speaking recently at OPEC‘s 167th meeting in Vienna, van Beurden said traditional energy sources should integrate and work together with clean technologies to provide sustainable and economically-sensible power for the future. Read the rest of this entry »
The San Francisco Board of Supervisors is urging the Port of San Francisco and the city’s Department of the Environment to develop policies that will bar the transportation and export of hazardous fuel materials in San Francisco.
Supervisors Malia Cohen and Scott Wiener introduced the resolution to prohibit the movement of crude oil, coal, and petroleum coke (petcoke) through San Francisco, citing safety concerns, dangers to the environment, public-health hazards, economic pitfalls, and public opposition. The resolution passed the board unanimously last week.
“San Francisco has always been known as a city at the forefront of environmental change. This resolution barring the handling of polluting, climate-warming fuels proves yet again that it is a city that leads the world in envisioning a better way to live,” said Stacey Geis, Earthjustice managing attorney of the California office. Read the rest of this entry »
The Government Accountability Office says developing a national freight strategy should pay attention to the impact of congestion on communities.
GAO’s report (GAO-14-740), released on 26 September, found that recent trends in freight flows, if they continue as anticipated, “may exacerbate congestion issues in communities, particularly along certain corridors.”
As of 2012, the latest year for which data is available, national freight rail and truck traffic had approached the levels reached in 2007, prior to the economic recession, the report continues. “Certain trends related to specific commodities have affected rail flows, including increases in domestic crude oil production. A key negative impact of increasing freight flows is congestion at highway-rail grade crossings, where road traffic must wait to cross the tracks when trains are passing.” Read the rest of this entry »
The notorious BP Deepwater Horizon oil disaster in 2010, considered to be the largest accidental marine oil spill in the history of the petroleum industry, was the “shock heard ’round the world,” and it is still reverberating. The cause of eleven deaths and a loss of many billions of dollars to the Gulf Coast economy – it has impacted offshore drilling, tourism, and fishing – the BP spill resulted in numerous civil lawsuits and settlements as well as criminal charges. BP is fighting some of these charges and the terms of some settlements, even as it continues to present itself as an environmentally responsible corporate citizen.
Meanwhile, fracking is causing a furor because of concerns about environmental impacts, including groundwater pollution and an alarming increase in earthquake activity in some areas. Activists around the world are working to stop fracking, and activist groups such as Greenpeace have planned legal challenges to fracking in England. Fracking has been challenged in the U.S. as well, with the main battles being between environmentalists and proponents of economic growth. A web site called Fracking Insider keeps track of legal battles and regulatory developments in the fracking industry. Read the rest of this entry »
More on fracking : a new web video series designed to provoke discussion and disrupt conventional thinking on a wide variety of contemporary issues released its second episode — about the use of hydraulic fracturing – fracking – and its impacts on economic growth and environmental sustainability.
The “Summits on Tenth” series is a joint project of the Nathan Cummings Foundation, a social change philanthropy and AlterNet, an online source of independent news and commentary. Read the rest of this entry »