User: flenvcenter Topic: Energy-National
Category: Fossil Fuels :: Oil and Gas
Last updated: May 26 2016 07:39 IST RSS 2.0
 
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Climate resolutions fall short at ExxonMobil’s annual meeting 26.5.2016 Washington Post
Climate resolutions fall short at ExxonMobil’s annual meeting
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Documents: IOGCC-Spawned Loophole Creating Frackquake Crisis Faces Federal Lawsuit 26.5.2016 Green on HuffingtonPost.com
Cross-Posted from DeSmogBlog On May 4, several environmental organizations filed a lawsuit against the U.S. Environmental Protection Agency (EPA), calling for an end to the regulatory exemption it carved out in the late 1980s for the oil and gas industry with regards to how it handles industrial waste. Photo Credit:  United States Geological Survey That exemption to the Resource Conservation and Recovery Act (RCRA) of 1976, a recent DeSmog investigation showed , was pushed in the forefront almost from day one of RCRA's passage by the Interstate Oil and Gas Compact Commission (IOGCC). IOGCC is a U.S. Congress-chartered interstate compact consisting of U.S. oil and gas producing states, with a membership roll that includes state-level regulators, industry lobbyists and executives. The EPA, which granted the oil and gas industry the RCRA exemption in 1988, serves as an IOGCC affiliate member. An ongoing DeSmog investigation  into IOGCC has exhibited that it often behaves like an unregistered lobbying node ...
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Power plant proposals for Southern California spark an energy debate 26.5.2016 LA Times: Commentary

A new wave of natural gas power plants planned for Southern California has stoked a high-stakes debate about how best to keep the lights on throughout the region.

Green groups believe renewable energy has received short shrift by utilities proposing these facilities from Carlsbad to Oxnard. But operators...

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Oil Giant Total Acknowledges Changes Necessary to Meet Global Climate Agreement 26.5.2016 Commondreams.org Newswire
Sierra Club French oil giant Total released a report yesterday recognizing the need to change its strategy to meet the global climate agreement set in Paris last year and remain consistent with the International Energy Agency’s two degree celsius scenario. Included in Total’s plan is reducing its exposure to tar sands oil development, refusing oil exploration and development in the Arctic, and applying an internal cost of carbon when evaluating ...
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We Stopped Keystone, Canada Can Stop Energy East 26.5.2016 Commondreams.org Views
Ben Gotschall

Since I last visited Canada to share my experiences dealing with TransCanada as a rancher along the proposed Keystone XL path, and as a member of Bold Nebraska, a lot has changed. President Obama has since put the final nail in the coffin of Keystone XL, listening to the voices of ranchers, Indigenous communities and climate activists united in their opposition to the tar sands, or oil sands, pipeline.

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Energy companies lead the way as U.S. stocks rise 26.5.2016 Salt Lake Tribune
New York • U.S. stocks climbed Wednesday as investors continued to recover some confidence in the health of the global economy. That sent oil prices higher and gave energy companies a boost, while materials companies also climbed higher. In Europe, a round of new rescue loans for Greece was unfrozen, eliminating the risk the country will default on its debts in the next few months. A survey of business sentiment in Germany, the largest economy in Europe, rose more than expected. European stock i...
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Chevron CEO to climate activists: What would you live without? 26.5.2016 SFGate: Business & Technology
Pressed by activist investors to do more about climate change, Chevron Corp. CEO John Watson on Wednesday rejected calls to put a price on the greenhouse gases that come from burning his company’s products and insisted the world would need oil for decades to come. Speaking at the company’s annual shareholders meeting in San Ramon, and in comments to reporters afterward, Watson railed against what he called “command and control” policies to tackle global warming. [...] while Watson praised last year’s international climate agreement in Paris as “a good first step,” he argued that any attempt to set an international price for carbon dioxide emissions would hurt the world’s poor, who need affordable energy to improve their lives. Chevron investors rejected all of them, including proposals to set emission-reduction targets for the company or start counting Chevron’s worldwide reserves in terms of British thermal units as a way to encourage alternative-energy investments. While all oil companies are ...
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Energy firms lead way as U.S. stocks keep rising 26.5.2016 Salt Lake Tribune
New York • U.S. stocks are continuing to climb Wednesday as energy companies rise with the price of oil. Mining and chemical companies are trading higher and banks continue to climb. Hewlett Packard Enterprise agreed to sell a business to Computer Sciences, and both stocks are jumping. KEEPING SCORE: The Dow Jones industrial average advanced 154 points, or 0.9 percent, to 17,860 as of 12:53 p.m. Mountain time. The Standard & Poor’s 500 index rose 15 points, or 0.7 percent, to 2,090. The Nasdaq c... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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Who Will Serve the World's Missing Middle? 25.5.2016 Green on HuffingtonPost.com
Diesel generators are the world's most ubiquitous distributed energy technology - they're also ripe for displacement. Around the world a growing number of distributed clean energy technology start-ups have aimed their sights at ending energy poverty by serving a vast untapped market - the 1.2 billion un-electrified people around the world. Their efforts begin by getting people on the first rungs of the energy ladder as quickly and cheaply as possible with pico solar devices that power basic entry level services like lighting and mobile phone charging. Over time they will, in theory, move these populations up the ladder by providing them with ever expanding levels of service. Whether ultimately connected to stand alone home systems with storage, mini-grids or even grid extensions (if or when they arrive) there is only one direction to head - up. Up the ladder they go In many ways we see concrete examples of the ladder at work. Several of the beyond the grid (also known as off-grid) industry's leading ...
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In 'Epic Fight for Justice,' Activists Descend on Chevron Meeting 25.5.2016 CommonDreams.org Headlines
Deirdre Fulton, staff writer

As Chevron CEO John Watson doubles down on pro-fossil fuel rhetoric—going so far as to say climate change could help business—Indigenous and environmental activists are protesting the oil behemoth's polluting practices and "

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US stocks climb for the second day as energy companies jump 25.5.2016 Seattle Times: Business & Technology

NEW YORK (AP) — U.S. stocks are continuing to climb Wednesday as energy companies and mining and chemicals companies trade higher. Banks are also gaining ground. Hewlett Packard Enterprise agreed to sell a business to Computer Sciences, and both stocks are jumping. European stocks are rising after a deal to get Greece more rescue loans. […]
ExxonMobil Shareholders Are Starting The Climate War The Oil Giant Deserves 25.5.2016 Green on HuffingtonPost.com
ExxonMobil's investors want the company to come clean about how climate change could affect its business. On Wednesday, shareholders will meet in Dallas, Texas. They are scheduled to vote on investor resolutions, including some that would require the energy giant to disclose the risks climate change poses to its bottom line. ExxonMobil investors worth $6 trillion , including the California Public Employee's Retirement System and the Church of England , are backing the resolutions on climate risk. They worry that climate change might hurt the company's operations, and that policies designed to curb global warming could soon make selling fossil fuels a losing game. The largest publicly traded energy company in the world, ExxonMobil has urged shareholders to reject the proposals, saying it already does enough to address climate risk, according to Scott Silvestri, senior media relations adviser at the firm. Indeed, ExxonMobil addressed concerns about climate change in a 2014 risk disclosure  statement , ...
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This Confirms It was a Coup: Brazil Crisis Deepens as Evidence Mounts of Plot to Oust Dilma Rousseff 25.5.2016 Democracy Now!
A key figure in Brazil's interim government has resigned after explosive new transcripts revealed how he plotted to oust President Dilma Rousseff in order to end a corruption investigation that was targeting him. The transcripts, published by Brazil's largest newspaper, Folha de São Paulo, document a conversation in March, just weeks before Brazil's lower house voted in favor of impeaching President Rousseff. Romero Jucá, who was then a senator but became a planning minister after Rousseff's ouster, was speaking with a former oil executive, Sérgio Machado. Both men had been targets of the so-called Car Wash investigation over money laundering and corruption at the state-controlled oil firm Petrobras. In the conversation, the men agree that ousting President Rousseff would be the only way to end the corruption probe. In the transcript, Jucá said, "We have to change the government so the bleeding is stopped." Machado then reportedly said, "The easiest solution is to put Michel in"—a reference to Vice ...
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As energy prices fall, Shell to cut 2,200 jobs 25.5.2016 LA Times: Business

Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry. 

The losses are in addition to cuts already being implemented because of the energy company's merger with BG. The losses will include some 475 positions in the North...

France tapping fuel stocks; strikes cause shortages 25.5.2016 Salt Lake Tribune
Le Havre, France • French drivers are fuming, oil industry workers are divided, and the government is reaching into its fuel reserves to end gasoline shortages that have heightened the stakes of nationwide protests to defend labor protections. Unions are targeting the nation’s gas tanks, railroads and electricity network this week, protesting a bill devised to make France more globally competitive by extending the work week and making layoffs easier. Opponents say it will enrich company bosses a... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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The Latest: Protests idle some French oil refineries 25.5.2016 AP Business
PARIS (AP) -- The Latest on France&apos;s strikes and protests against the government&apos;s labor reforms (all times local):...
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Chevron-led Consortium to Invest Up To $37 Billion in Kazakh Oil Field 25.5.2016 Wall St. Journal: US Business
Investment represents one of the first big commitments by a large oil company to spend on new crude production following a two-year-long slump in oil prices.
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Colorado coal industry collapse leaving mining towns unsure 25.5.2016 Durango Herald
SOMERSET – Coal miner Eric Sanchez bolted a grate across the top of a tunnel, 1,000 feet beneath a forest and seven miles deep into Arch Coal’s West Elk Mine.Shiny black rocks fell past his helmet as he secured the tunnel, doing a job that is fast disappearing in Colorado: taking coal from deep inside Earth and sending it...
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Oil profits, pipelines and the human cost of regulatory capture 24.5.2016 rabble.ca - News for the rest of us
Oil profits, pipelines and the human cost of regulatory capture
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Auto, Mortgage Delinquencies Climb in Energy Regions - Wall Street Journal 24.5.2016 mortgage - Google News
Auto, Mortgage Delinquencies Climb in Energy Regions Wall Street Journal The national picture remains one of gradual credit improvement. Overall credit increased by $136 billion, to $12.25 trillion, in the first quarter of 2016, driven by an increase of $120 billion in mortgage debt. The amount of debt remains much lower ...
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