Rolling Stone

Tue, 2014-09-09 05:00Justin Mikulka
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Goldman Sachs Warns Investors About Tar Sands By Rail Challenges While Investing in Tar Sands By Rail

Oil by rail

In 2009, Matt Taibbi wrote a piece in Rolling Stone in which he described the investment bank Goldman Sachs as “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” 

Apparently tar sands oil smells like money. And thus the vampire squid has found another target. As Reuters reported on August 29:

A Goldman Sachs-led rail terminal operator, USD Group LLC, announced on Friday plans to form a Master-Limited Partnership this year to trade publicly on the New York Stock Exchange.

This new company will be based around a tar sands rail loading facility in Hardisty, Alberta. That is the same place where the proposed Keystone XL pipeline would begin. USD Group already owns a crude-by-rail terminal in the town, with capacity to load two 120-car unit trains per day.

And with the success of this first phase of development, the company has announced plans to double the capacity of the terminal, which would allow it to load 280,000 barrels per day (bpd). The company has also announced plans to add another 70,000 bpd, which would bring its capacity to 350,000 bpd, or roughly half the proposed capacity of TransCanada’s Keystone XL pipeline.

Mon, 2014-07-28 14:57Steve Horn
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Greenpeace Report: Obama Administration Exporting Climate Change by Exporting Coal

Greenpeace USA has released a major new report on an under-discussed part of President Barack Obama's Climate Action Plan and his U.S. Environmental Protection Agency (EPA) carbon rule: it serves as a major endorsement of continued coal production and export to overseas markets.

Leasing Coal, Fueling Climate Change: How the federal coal leasing program undermines President Obama’s Climate Plan” tackles the dark underbelly of a rule that only polices coal downstream at the power plant level and largely ignores the upstream and global impacts of coal production at-large. 

The Greenpeace report was released on the same day as a major story published by the Associated Press covering the same topic and comes a week after the release of another major report on coal exports by the Sightline Institute that sings a similar tune.

The hits keep coming: Rolling Stone's Tim Dickinson framed what is taking place similarly in a recent piece, as did Luiza Ch. Savage of Maclean's Magazine and Bloomberg BNA

But back to Greenpeace. As their report points out, the main culprit for rampant coal production is the U.S. Bureau of Land Management (BLM), which leases out huge swaths of land to the coal industry. Greenpeace says this is occurring in defiance of Obama's Climate Action Plan and have called for a moratorium on leasing public land for coal extraction.

“[S]o far, the Bureau of Land Management and Interior Department have continued to ignore the carbon pollution from leasing publicly owned coal, and have failed to pursue meaningful reform of the program,” says the report.

“Interior Secretary Sally Jewell and others in the Obama administration should take the President’s call to climate action seriously, beginning with a moratorium and comprehensive review of the federal coal leasing program, including its role in fueling the climate crisis.”

Fri, 2013-08-16 10:51Steve Horn
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Warren Buffett Buys Over $500 Million of Suncor Tar Sands Stock, Latest in "Dirty Deeds Done Dirt Cheap"

Warren Buffett - the fourth richest man on the planet and major campaign contributor to President Barack Obama in 2008 and 2012 - may soon get a whole lot richer.

That's because he just bought over half a billion bucks worth of Suncor Energy stock: $524 million in the second quarter of 2013, to be precise, according to Securities and Exchange Commission filings. Suncor is a major producer and marketer of tar sands via its wholly owned subsidiary Petro-Canada (formerly Sunoco) and this latest development follows a trend of Buffett enriching himself through dirty investments and deal-making. 

So far in 2013, Suncor (formerly Sun Oil Company) has produced 328,000 barrels per day of tar sands crude.

Though he receives far less negative press than the Koch Brothers, Buffett's no deep green ecologist. Not in the slightest. 

Referred to as one of 17 “Climate Killers” by Rolling Stone's Tim Dickinson in a January 2010 story, Buffett owns the behemoth holding company, Berkshire Hathway. It's through Berkshire that he's making a killing - while simultaneously killing the ecosystem - through one of its most profitable wholly-owned assets: Burlington Northern Santa Fe (BNSF).

Buffett purchased BNSF for $26 billion and was “the largest acquisition of Buffett's storied career,” Dickinson wrote.

BNSF hauls around frac sand for the controversial horizontal oil and gas drilling process known as “fracking.” The rail company also moves fracked oil from North Dakota's Bakken Shale basin, tar sands logistical equipment and tar sands crude itself and tons of coal. And not only does Buffett's BNSF haul around ungodly amounts of coal, he actually owns coal-burning utility companies, too.

Sat, 2013-04-13 10:41Brendan DeMelle
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DeSmog's Kevin Grandia Featured in Rolling Stone's Fossil Fuel Resistance Edition

Kevin Grandia, DeSmog's former Managing Editor and current senior consultant, is featured in this month's Rolling Stone magazine.

Kevin Grandia: The Muckraker, as Rolling Stone aptly calls him, is recognized for his excellent work in the aftermath of Climategate especially. As long-time DeSmog readers will remember well, Kevin read every page of the stolen emails and worked overtime to educate reporters about the way that climate deniers had ginned up a fake controversy out of thin air. 

Rolling Stone's Jesse Hyde writes:

Grandia hopes something like that never happens again – which is why he now helps run DeSmogBlog, a Canadian website that does daily battle with climate change skeptics, aggregating the best research on global warming and dissecting misinformation campaigns backed by right-wing think tanks. He's traced much of the money that funds anti-global-warming research back to the fossil fuel industry and found that some of the most outspoken skeptics once worked for Big Tobacco. “They're using the exact same tactics they used to convince people smoking doesn't cause cancer,” Grandia says. “It's a tactic that's been around forever. You can muddle up a debate for a long time just by creating doubt.”

Grandia is featured alongside Tim DeChristopher, James Hansen, Maria Gunnoe, Sandra Steingraber and a dozen other incredible fossil fuel resisters in Rolling Stone. And of course, don't miss Bill McKibben's article about the climate movement rising to challenge the fossil fuel status quo.

Congrats to Kevin from the DeSmog team! 

Wed, 2013-01-09 16:00Farron Cousins
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RFK, Jr. & Bill McKibben: Time To Act On Climate Change

Originally published on Ring of Fire

New reports have come out this week showing us that 2012 was officially the hottest year on record.  North America alone was plagued with hurricanes, tornadoes, droughts, floods, blizzards, and numerous other forms of weather that have almost all been linked back to anthropogenic climate change. 

Earlier this week, Ring of Fire Radio’s Robert F. Kennedy, Jr. spoke with 350.org founder Bill McKibben about the threat of climate change and what President Obama needs to do during his second term to address the problem.  The transcript of that conversation follows, and the interview will run this weekend on the Ring of Fire radio program:

Wed, 2012-08-01 08:05Brendan DeMelle
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A "War on Shale Gas"?

Since late 2009, there’s been a slowly-growing wave of attacks from the unconventional oil and gas industry on media outlets that cover the controversies surrounding hydraulic fracturing (fracking) and other shale gas practices. Reporters who write for publications ranging from Rolling Stone to Reuters to the New York Times have had their professional bona fides called into question after unearthing documents and facts that challenge claims that fracked shale gas is cheap, abundant, and clean.

These industry attacks on media occur against the backdrop of a larger campaign to establish unconventional oil and gas at the forefront of the nation’s energy options.

Only a few years ago, it seemed likely that gas would increasingly be a mainstay of power generation, especially in the wake of high profile disasters like the Massey Upper Big Branch coal mine disaster and the BP oil gusher in the Gulf of Mexico. The industry (at the time) received support from surprising allies like the Sierra Club and the Center for American Progress. Fukushima tarnished the nuclear industry, further shifting momentum towards shale gas for utility-scale electricity generation.

But a popular movement fueled by growing concerns about water contamination and public health impacts posed by fracking, coupled with a clearer look by press and by Wall Street analysts at the industry’s claims, has threatened to derail the ascendency of unconventional gas.

Quite often, rather than responding to the issues raised in a responsible fashion, industry PR shops have questioned the motives and qualifications of journalists who investigate the problems with shale gas development, and especially those who delve into the industry’s economic prospects.

Wed, 2011-06-22 16:21Richard Littlemore
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Al Gore Roasts Obama Over Climate Position

In a scorching, 7000-word article in the coming issue of Rolling Stone, Al Gore savages mainstream media for its incompetent reporting of climate change and roasts President Barack Obama for failing to advance policies against global warming any more quickly than his woeful predecessor.

Gore is clear, quotable and uncompromising in stating his own case:

“Here is the truth: The Earth is round; Saddam Hussein did not attack us on 9/11; Elvis is dead; Obama was born in the United States; and the climate crisis is real. It is time to act.”

But after making the case for reality in climate reporting - and crediting Obama for some early efforts -  Gore says this:

“But in spite of these and other achievements, President Obama has thus far failed to use the bully pulpit to make the case for bold action on climate change. After successfully passing his green stimulus package, he did nothing to defend it when Congress decimated its funding. After the House passed cap and trade, he did little to make passage in the Senate a priority. Senate advocates — including one Republican — felt abandoned when the president made concessions to oil and coal companies without asking for anything in return. He has also called for a massive expansion of oil drilling in the United States, apparently in an effort to defuse criticism from those who argue speciously that “drill, baby, drill” is the answer to our growing dependence on foreign oil.”

Tue, 2011-02-01 18:21TJ Scolnick
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Senator Rockefeller Takes A Turn At Subverting EPA Authority To Use The Clean Air Act

Advocates of congressional action on global warming had a “case of the Mondays” this week. Not to be outdone by his Republican colleaguesSenator Jay Rockefeller (D-WV) introduced his own legislation to freeze federal efforts to curb carbon emissions.

If enacted, bill S.231 will not be as disastrous as Senator John Barrasso’s (R-WY) Defending Affordable Energy and Jobs Act, but it will nonetheless prevent (or suspend) the Environmental Protection Agency (EPA) from using the Clean Air Act to regulate carbon emissions from stationary sources like power plants and refineries, for two years.

While Rockefeller has described the perils of global warming pollution: “Greenhouse gas emissions are not healthy for our Earth or for her people, and we must take serious action to reduce them,” he has also led the charge amongst centrist and dirty energy funded Democrats to prevent the EPA from using clean air laws to protect public health and the environment from global warming pollution. Indeed, for his efforts, Rolling Stone named him no.9 on its list of 12 politicians and executives blocking progress on climate action.

Since 1999, he has received some $368,850 from coal and oil interests, and during the 2005-2010 period $130,300 from the Mining industry and $107,550 from Electric Utilities He has also received close to $40,000 from Peabody Energy, the world’s largest publicly held coal company, and whose CEO Gregory Boyce ranked no.4 on the Rolling Stone list.

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