By Megan Darby, Climate Home News
The UK ...
Ian Anderson, president of Kinder Morgan Canada Ltd., must be laughing all the way to check on his stock options since the Trudeau government offered to use public funds to bail out the company’s...
If you ask the CEO of Apache Corp., his company made in 2016 the kind of once-in-a-lifetime find that every oil driller dreams of: a massive oil and gas field that no other company noticed, where thousands of wells could be drilled and fracked to produce massive amounts of fossil fuels — and, in theory, profits.
By Bill Ritter, Jr., Colorado State University
Transforming U.S. energy systems away from coal and toward clean renewable energy was once a vision touted mainly by environmentalists. Now it is shared by market purists.
Investors love a good comeback story and right now oil by rail seems to be a story they're pushing to justify investment in rail companies, especially Canadian ones.
But with little change in safety practices or regulations since the 2014 oil-by-rail boom, is the industry setting itself up to once again earn the nickname that rail workers gave oil trains — that is, will “bomb trains” make a comeback?
In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry's next boom, made possible by advances in fracking, which broke open fossil fuels from shale formations around the U.S.
What was McClendon’s secret? Instead of running a company that aimed to sell oil and gas, he was essentially flipping real estate: acquiring leases to drill on land and then reselling them for five to 10 times more, something McClendon explained was a lot more profitable than “trying to produce gas.” But his story may serve as a cautionary tale for an industry that keeps making big promises on borrowed dimes — while its investors begin losing patience, a trend DeSmog will be investigating in an in-depth series over the coming weeks.
5,475 days, 527 pipeline spills: that's the math presented in a new report from environmental groups Greenpeace USA and the Waterkeeper Alliance examining pipelines involving Dakota Access builder Energy Transfer Partners (ETP). It's based on public data from 2002 to 2017.
Hope Rosinski kept watch over the construction of the Bayou Bridge pipeline as one of its segments was installed on her land in Arcadia Parish, Louisiana. While she had signed an agreement allowing Bayou Bridge Pipeline LLC, a subsidiary of Energy Transfer Partners, to use her property, she had little choice in the matter and she didn’t want the pipeline there.
Like anyone along the route of proposed oil or gas pipelines, Rosinski was in a position where, had she not signed the agreement, her land would have been taken anyway by virtue of eminent domain — a right the government can assert to seize private property for public use. So she negotiated the best contract she could, which included a clause specifying that the company could not begin work until all its permits were in place.
But with the crude oil export ban lifted and liquefied natural gas (LNG) exports on the rise, landowners like Rosinski are starting to question whether or not giving up their land to serve these private aims qualifies as “public good.”
This is a guest post by ClimateDenierRoundup.
Now that Obama’s out of office, the War on Coal needs a new boogeyman, and Tom Steyer fits the bill. Last week saw the launch of a new website attacking Tom Steyer, reported the Free Beacon and Daily Caller.
Attempting to coin a new name for struggling coal communities, the site is called Steyerville.com. The claim is that Steyer’s recent climate change philanthropy is responsible for the decades-long economic decline of coal communities.
Juliana v. United States was filed in 2015 on behalf of 21 plaintiffs who ranged between 8 to 19 years old at the time. They allege their constitutional and public trust rights are being violated by the government's creation of a national energy system that causes dangerous climate change.
On April 12, an oil spill in the Mississippi River brought noxious fumes to music lovers at the New Orleans French Quarter Festival. The U.S. Coast Guard estimates 4,200 gallons of *heavy fuel oil spilled when a cargo ship hit the Nashville Wharf.
Conservative rancor toward the free market in energy systems was on full display this week, as both Secretary of Energy Rick Perry and coal magnate Robert Murray made loud, unapologetic calls to subsidize coal-fired power plants.
“We don’t have a free market in the [electricity] industry, and I’m not sure you want one,” Perry said Monday at the BNEF Future of Energy Summit.
Speaking on Tuesday, Murray, CEO of the country's largest underground mining company, said that Perry “has to approve” an emergency bailout for coal and nuclear plants in order to “ensure the resilience, reliability, and security of the grid.”