After protests around the Newbury Bypass in the 1990s, Conservative minister John Watts ...
Steve Schlotterbeck, who led drilling company EQT as it expanded to become the nation’s largest producer of natural gas in 2017, arrived at a petrochemical industry conference in Pittsburgh Friday morning with a blunt message about shale gas drilling and fracking.
“The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Schlotterbeck, who left the helm of EQT last year, continued. “In fact, I'm not aware of another case of a disruptive technological change that has done so much harm to the industry that created the change.”
“While hundreds of billions of dollars of benefits have accrued to hundreds of millions of people, the amount of shareholder value destruction registers in the hundreds of billions of dollars,” he said. “The industry is self-destructive.”
Today, UCSF Library launched a new Fossil Fuel Industry Documents Archive featuring over 1,000 internal documents from the fossil fuel industry illustrating strategies to cast doubt on climate science and delay policy action. The documents were collected over two decades by the Climate Investigations Center.
UC San Francisco's Industry Documents Library (IDL) is a unique resource. It gathers and organizes internal documents from companies that privatize profits and socialize costs, risks or damage to health or environment.
Real science is often inconvenient for profits, so such companies spend money on politics, disinformation, doubt-creation and attacks on science and scientists, sometimes via “independent” think tanks or front groups often covered here on DeSmog.
UCSF has gotten tobacco documents for decades, but over the last few years has added Drug, Chemical and Food sections to the archive as well. Internal documents from lawsuits, whistleblowers and other sources can be quite valuable for exposing malfeasance, helping community action, backing legislation and supporting lawsuits. It is incredibly helpful to have one database of well-curated documents from multiple industries, as they use similar tactics often employed by some of the same people and organizations, as illustrated by personal experience below.
On Monday, the Wall Street Journal featured a profile of Scott Sheffield, CEO of Pioneer Natural Resources, whose company is known among investors for its emphasis on drawing oil and gas from the Permian basin in Texas using horizontal drilling and hydraulic fracturing, or fracking.
Back in 2014, Sheffield told Forbes that he expected Pioneer could produce a million barrels of oil a day from the Permian basin by 2024 – up from 45,000 barrels a day in 2011.
Now, Sheffield, who left the helm of Pioneer in 2016 and returned this February, says that those million-barrel-a-day plans are looking increasingly doubtful as the industry has struggled to prove to investors that it’s capable not only of producing enormous volumes of oil and gas, but that it can do so while booking profits rather than losses.
“We lost the growth investors,” Pioneer CEO Scott Sheffield told the Journal. “Now we’ve got to attract a whole other set of investors.”
By Karen Savage, Climate Liability News. Originally posted on Climate Liability News.
The majority of Americans say fossil fuel companies should pay for damage caused by climate change, according to a recent poll released by Yale University on Wednesday.
Researchers asked 5,131 Americans how much they think global warming is harming their local communities, who they think should be responsible for paying for the damages, and whether they support lawsuits to hold fossil fuel companies accountable for those costs.
On June 18, the government of Canada declared a national climate emergency. The next day, the same government approved the Trans Mountain pipeline expansion (TMX), which will be able to move almost 600,000 barrels of oil per day from Alberta to the Port of Burnaby in British Columbia.
If this seems like a contradiction, you are not alone.
While still in office, Massachusetts’ former energy and environmental secretary Matthew Beaton, who recently left his post for the private sector, took part in discussions about a natural gas project involving his new employer, DeSmog has found.
Originally posted on Climate Investigations Center.
The collection of Global Climate Coalition (GCC) documents we compiled and released this April reveal that the organization had a singular focus, slowing down or derailing the UN Framework Convention on Climate Change (UNFCCC) negotiations process and “tracking” the Intergovernmental Panel on Climate Change (IPCC), undermining the scientists’ message of urgency. In the GCC meeting minutes and press releases we see numerous interventions at the UN meetings along with strategies, budgets and debriefs.
So we decided it would be interesting to compile every fossil fuel company and trade group delegate who ever attended UNFCCC meetings. This research debuted in an Agence-France Press AFP piece and on Yahoo News this week during a UNFCCC meeting in Bonn, Germany.
House Democrats in the Energy and Commerce Committee are actively investigating the oil industry’s role in shaping the Trump administration’s proposed rollback of greenhouse gas and fuel economy standards for cars and light duty trucks.
As part of a growing trend of lawsuits over climate change impacts, cities and states across the U.S. are seeking damages from oil, gas, and coal companies whose products drive the crisis and which for years evidently engaged in disinformation and denial campaigns to stall climate action.
Behind the scenes, politically affiliated groups are quietly providing support. One of the outfits promoting the efforts to counter the slew of climate lawsuits is none other than the Progressive Policy Institute (PPI), a center-left Washington, D.C.-based think tank with links to the Democratic party.
Former coal lobbyist and Trump-appointed U.S. Environmental Protection Agency (EPA) Administrator Andrew Wheeler signed a rule Wednesday that officially replaces the Obama-era Clean Power Planwith a new regulation that Wheeler said could lead to the opening of more coal plants, the Associated Press reported.