oil

Trump Touts Drilling's Potential, Botches Facts, at Shale Industry Conference

Donald Trump on stage.

The shale gas and oil industry gathered in Pittsburgh this week for a major annual East Coast conference, Shale Insight 2016, and to hear the words of presidential candidate Donald Trump, who served as the keynote speaker.

“It's great to be with so many of my friends,” Trump began. “Oh, you will like me so much.”

Then, right out of the gate, Trump botched his facts about the shale industry he was there to address.

Canadian Civil Society: Freeze Chevron Assets, Use To Cover Ecuador Judgement on Amazon Destruction

A court in Toronto will soon begin deliberating over whether or not to seize Chevron's Canadian assets in order to force the company to comply with an $9.5-billion judgement in Ecuador.

The company doesn’t deny that Texaco, which Chevron bought in 2000, deliberately dumped billions of gallons of toxic oil waste in the Ecuadorian Amazon, resulting in massive environmental devastation and a health crisis affecting thousands of people. But the company claims it did its part to clean up the rainforest.

Company Led by Donald Trump's Energy Aide Says Its Oil Will Flow Through Dakota Access Pipeline

Continental Resources — the company founded and led by CEO Harold Hamm, energy adviser to Donald Trump's presidential campaign and potential U.S. Secretary of Energy under a Trump presidency — has announced to investors that oil it obtains via hydraulic fracturing (“fracking”) from North Dakota's Bakken Shale basin is destined for transport through the hotly-contested Dakota Access pipeline.

The company's 37-page September 2016 Investor Update presentation walks investors in the publicly-traded company through various capital expenditure and profit-margin earning scenarios. It also features five slides on the Bakken Shale, with the fifth one named “CLR Bakken Differentials Decreasing Through Increased Pipeline Capacity” honing in on Dakota Access, ETCOP and how the interconnected lines relate to Continental's marketing plans going forward.

Dakota Access Pipeline Tribal Liaison Formerly Worked For Agency Issuing Permit To Cross Tribal Land

Tribal members in traditional clothing protest the pipeline.

The Standing Rock tribe has filed a lawsuit against the U.S Army Corps of Engineers for using the controversial Nationwide Permit 12 to fast-track authorization of the hotly contested Dakota Access pipeline.

Slated to carry oil obtained via hydraulic fracturing (“fracking”) from North Dakota's Bakken Shale basin to Patoka, Illinois, the plaintiffs say not only was the Army Corps' permitting of the Energy Transfer Partners and Enbridge Corporation jointly owned pipeline a violation of the National Environmental Policy Act (NEPA) and the Clean Water Act, but also a violation of the National Historic Preservation Act's (NHPA) Section 106.

A review of court documents for the case currently unfolding in the U.S. District Court in Washington, D.C. has revealed that the tribal liaison for Energy Transfer Partners tasked with abiding by Section 106 passed through the revolving door and formerly worked for the Army Corps. The finding also raises key ethical questions in the field of archaeology. 

Landmark Climate Bill Passed By California Legislature

After an intense lobbying spree and threats from Governor Jerry Brown to take the measure directly to voters via ballot initiative should it fail to pass, Senate Bill 32 (SB 32) was approved by the California legislature yesterday.

When it is signed into law by Brown, SB 32 will extend the climate targets adopted by the state under Assembly Bill 32 (AB 32), the Global Warming Solutions Act of 2006, which required California to reduce greenhouse gas emissions to 1990 levels by 2020.

The state is well on pace to meet the emissions targets set by AB 32, which is credited with having spurred developments that contributed $48 billion to California’s economy over the past 10 years while creating a half million jobs.

California Regulators Sued Over Plan To Turn Aquifer Into Permanent Oil Waste Dump

California regulators are facing a lawsuit over their plans to turn an underground aquifer in the Price Canyon area of San Luis Obispo County into a permanent disposal site for oilfield wastewater and other potentially dangerous fluids.

In August 2015, oil giant Freeport-McMoRan submitted an application to California’s Division of Oil, Gas and Geothermal Resources (DOGGR) for state approval of its plan to exempt an aquifer in the Arroyo Grande Oil Field from federal protections so that the company could move forward with plans to drill hundreds of new wells in the area.

In turn, this past February, DOGGR officially submitted an application to the U.S. Environmental Protection Agency to have the aquifer exempted from protections under the federal Safe Drinking Water Act.

Donald Trump's Top Energy Aide Could Profit From GOP-Promised Keystone XL Permit

Harold Hamm — founder and CEO of Continental Resources, top energy aide for Republican Party presidential nominee Donald Trump and Trump's possible choice for energy secretary — may stand to gain from a cross-border permit of TransCananda's Keystone XL pipeline. 

Continental Resources has been dubbed the “King of the Bakken” because of the vast amount of acreage the company owns in North Dakota's Bakken Shale basin, while Hamm also served as energy adviser in 2012 for Republican Party presidential nominee Mitt Romney. Handing TransCanada a permit for Keystone XL receives an explicit mention in the Republican Party platform.

Did Industry Ties Lead Democratic Party Platform Committee to Nix Fracking Ban?

Hydraulic fracturing (“fracking”) — the controversial horizontal drilling technique used to extract oil and gas in shale basins around the U.S. and the world — has sat at the center of the debate over the Democratic Party's draft platform set for a vote at the Democratic National Convention (DNC) convention in Philadelphia July 25-28.

That platform was drafted and debated by a 15-member committee, with four members chosen by DNC chairwoman Debbie Wasserman-Schultz, five by Bernie Sanders and six by presumptive nominee Hillary Clinton. After a fracking moratorium clause failed in a 7-6 vote at the DNC Platform Committee meeting held in St. Louis, Missouri from June 24-25, an amendment calling for President Barack Obama's Clean Power Plan not to incentivize fracked gas power plants also did not pass at the July 8-9 DNC Platform Committee meeting held in Orlando, Florida.

A DeSmog investigation has revealed that two members of the committee chosen by Hillary Clinton work for a consulting, lobbying and investment firm with a financial stake in fracking. Those members — Carol Browner and Wendy Sherman — work for Albright Stonebridge Group. Clinton campaign energy policy adviser Trevor Houser, who introduced a regulate fracking amendment (introduced as a counter to the one calling for a ban) also has industry ties via his now-defunct fellowship* at the Peterson Institute for International Economics.  

Taxpayer Groups, Environmentalists, Students Call on Congress to End $4 Billion Annual Oil Industry Subsidies

In an open letter sent to Congress today, a coalition of 40 national taxpayer, labor, environmental and other groups called on the federal government to repeal almost $4 billion in annual tax breaks for the oil and gas industry, calling them wasteful and lambasting Congress for subsidizing activities that will make climate change worse.

The groups called on Senators to support the FAIR Energy Policy Act, which would slowly phase out nine special tax breaks for the fossil fuel industry.

“Oil companies receive billions in tax breaks, despite being among the world’s largest and most profitable corporations,” the groups wrote. “For too long, America has subsidized the oil industry’s bottom line at middle class Americans’ expense.”

Another law passed earlier this year revokes the wind industry's production tax credit, and the FAIR Energy Policy Act would wind down some of the oil industry's subsidies on the same schedule.

If we are phasing out tax credits for clean energy—something I oppose—then why are we still committing to permanently support the fossil fuel industries with tax preferences they don’t need?” said Senator Brian Schatz, a Democrat from Hawaii who sponsored that bill.  “It is based on the very simple idea that there should be a level playing field for fossil fuels and clean energy.”

Inside Shell’s PR Strategy To Position Itself As A ‘Net-Zero Emissions’ Leader

A leaked marketing strategy document prepared by oil behemoth Shell and revealed by EnergyDesk shows that Shell hopes to build brand loyalty, especially amongst young people, by repositioning itself as a leader in building a carbon neutral economy — even while the company plans to do nothing to actually rein in emissions from its operations or its product.

The document was intended as a briefing for public relations firms applying to handle an “Energy Transitions” marketing campaign centered around a net-zero emissions narrative for Shell.

According to the document, “Ultimately, the content shouldn’t focus on the challenges of today, but the solutions of tomorrow — showing that net-zero is possible but a ‘patchwork of solutions’ are required across different sectors;

  • Buildings & Lifestyle
  • Tranport
  • Power
  • Industry”

There is no specific mention of how fossil fuel industry business models will have to evolve to achieve a carbon neutral future, though the document states “It can be driven by carbon pricing” and repeatedly emphasizes carbon capture and sequestration as a key technology for transforming transport, power and industry.

Pages

Subscribe to oil