Nova Scotia is potentially on the hook for millions of dollars in decommissioning costs as ExxonMobil prematurely winds down production at a ...
It's been a really bad week for major U.S. coal companies as we head into the July 4th holiday weekend.
St. Louis-based Peabody Energy (NYSE: BTU) closed today at $1.87 a share, down from a high of $84 per share in mid-2008. The company's chief financial officer Michael C. Crews resigned abruptly on June 28 amidst the freefall.
Another major U.S. coal company, Alpha Natural Resources (NYSE: ANR) hit a new all-time low yesterday at just 27 cents per share, and sank as low as 24 cents that morning.
Arch Coal (NYSE: ACI) also hit its all-time low of 33 cents per share as well, down from its all-time high of $73.42 in 2008.
All three companies' stock values are down roughly 80% from the beginning of 2015.
Revelations that shale gas extraction could lower property values, increase insurance costs, and damage the environment – according to the Department of Environment, Food and Rural Affairs’ (Defra) report – have served to reinforce the Lancashire County Council’s decision to reject Cuadrilla’s planning application at Preston New Road.
The fracking report was released this week following a lengthy battle and appeal by Greenpeace to the Information Commissioner which ruled at the end of June that Defra must release the report in full. On Wednesday evening ministers complied with the order and quietly sneaked the report out, two days after the Lancashire vote refusing fracking in the area.
“This report gives the lie to the shale lobby and ministers’ claim that there’s no evidence of negative impacts for fracking whilst questioning many of the arguments made in favour of it,” said Daisy Sands, Greenpeace UK energy and climate campaigner. “It’s a complete vindication of Lancashire County Council’s decision to reject Cuadrilla’s bid to frack in the region, and provides other councils with compelling reasons to do the same.”
California regulators released a final environmental review yesterday that found fracking has “significant and unavoidable impacts” — less than a week after they approved nine new offshore frack jobs.
The state’s Division of Oil, Gas and Geothermal Resources (DOGGR) released its final report on the environmental impacts of extreme oil extraction techniques like fracking and acidization, and found multiple impacts to air quality, public safety and the climate that “cannot be mitigated.”
The US Chamber of Commerce's fossil-friendly climate policies have driven away members, but like many think tanks, the Chamber has also helped Big Tobacco in its efforts to stay in business, i.e., by addicting adolescents.
The New York TImes' U.S. Chamber of Commerce Works Globally to Fight Antismoking Measures and exposed the Chamber's worldwide tobacco promotion efforts, featuring its President and CEO Thomas J. Donohue.
Lord Lawson would command the admiration and gratitude of the sceptic cause when he raised the economics of climate change in the House of Lords. DeSmog UK’s epic history series continues.
Lord Nigel Lawson delivered the coup de grâce in June 2005 when he persuaded his fellow peers on the economic affairs committee of the House of Lords to examine the economics of climate change.
As a committee member, Lawson persuaded the House of Lords to launch a powerful and high profile Parliamentary inquiry examining allegations that the UN’s Intergovernmental Panel on Climate Change (IPCC) had based its analysis on poor statistics and economics.
The U.S. State Department released a batch of 3,000 searchable documents formerly stored on the private hard drive and in a private email account of Democratic Party presidential candidate and former U.S. Secretary of State Hillary Clinton. Among them: a fully redacted job description for State Department International Energy Coordinator/Diplomat-At-Large.
David Goldwyn — now a fellow at the Atlantic Council, fellow at the Brookings Institution and head of Goldwyn Global Strategies — would eventually come to assume that role as head of the State Department's Bureau of Energy Resources, a Bureau that premiered under the watch of then-Secretary Clinton.
The Sierra Club sent a letter to President Obama this week, urging the President to make good on his promise of increasing transparency in Washington. Specifically, the environmental group wants the administration to be forthright about the political spending of mega-polluters and their government contracts.
This is a guest post by David Suzuki.
If nothing else, the G7 countries’ recent agreement to end fossil fuel use for energy by 2100 signals a shift in the way we talk and think about global warming. Previous agreements were about reducing carbon emissions from burning coal, oil and gas. This takes matters a step further by envisioning a fossil fuel–free future.