Colorado

Anadarko Execs Buy up Depressed Stock After Lethal Colorado Explosion

Anadarko stock prices going down

Buy low, sell high. It's a maxim taught to stock traders from day one and one which Anadarko Petroleum's upper-level management seems to have taken to heart in the aftermath of the April gas line explosion that blew up a Colorado home, leaving two dead and one badly injured. 

Since the explosion, five members sitting on either Anadarko's board of directors or executive officer team have purchased a combined $2.6 million worth of company stock, totaling over 46,700 shares, according to data on InsiderInsights.com and first reported by investor analyst site SeekingAlpha.com. Anadarko's stock price has fallen nearly $10 per share since the April 17 blast.

However, the trouble may have just begun for the Texas-based company at the center of Colorado's hydraulic fracturing (“fracking”) boom. On May 25, an Anadarko oil well exploded just a few miles from the mid-April gas line explosion site. That incident, also in Firestone, Colorado, left one dead and three others injured.

Did Senators Rush Through Rick Perry’s Energy Dept Hearing to Attend Corporate-Sponsored Inaugural Lunch?

Rick Perry

Compared to many other Senate confirmation hearings for potential Cabinet members, the hearing for U.S. Energy Secretary proved much faster and less rocky for nominee and former Texas Republican Governor Rick Perry. 

Perry's hearing lasted about three and a half hours and included only two rounds of questioning. That was far shorter than either Oklahoma Attorney General Scott Pruitt's nearly six hour hearing for Environmental Protection Agency head, in which he faced four rounds of questions, or the eight and a half hour hearing for Secretary of State nominee and retired ExxonMobil CEO, Rex Tillerson. Before this hearing, Perry was on the record as an enthusiastic climate change denier who previously failed to come up with either the name or the functions of the agency he could soon run.

It seems unclear why Perry, a just-departed board member of Energy Transfer Partners — owner of the Dakota Access pipeline — skated through with far less turbulence than his peers. One potential explanation: some senators from the Committee on Energy and Natural Resources found themselves busy with another task, besides questioning Perry, today. That is, they were in a rush to get to the “Leadership Luncheon” put on by the Trump Inaugural Committee, the latter funded by major corporate sponsors, including Chevron, J.P. Morgan Chase, Bank of America, and others. 

At Oil Industry Funded DNC Event, Surprising Turn: Protests, Ex-Governor Admits "Mistake" Over Fracking

At an oil-industry sponsored event during this week's Democratic National Convention, all did not go as planners may have hoped.

The event was sponsored by Vote4Energy.org, an initiative by the American Petroleum Institute, the oil and gas industry's trade association, and featured some of the Democratic party's most ardent supporters of fracking, including Colorado Governor John Hickenlooper.

But protesters with an anti-fracking message repeatedly disrupted the panel and one of the gas industry's best-known cheerleaders, former Pennsylvania governor Ed Rendell, admitted he “made a mistake” in failing to adequately regulate shale gas extraction.

Anadarko and Other Frackers Have Pumped $75 Million into PR and Front Group Attacks On Local Control In Colorado

This is a guest post by Jesse Coleman crossposted from Greenpeace US

Ever wonder what it’s like to be a pawn in the oil and gas industry’s political ambitions? This pencil, hired by oil and gas front group Protect Colorado, summed it up:

“It feels like shit to fucking wear this thing, but it’s 25 bucks an hour.”

Oil and Gas Activities Behind Texas Earthquakes Since 1925, Scientists Conclude

If you've felt an earthquake in Texas at any point over the last four decades, odds are that quake wasn't naturally occurring, but was caused by oil and gas industry activities, according to a newly published scientific report.

Just 13 percent of Texas earthquakes larger than magnitude 3 since 1975 were the result of natural causes alone, according to scientists from the University of Texas who published their peer-reviewed paper in the journal Seismological Research Letters.

In recent years, fracking wastewater injection wells have become the primary cause of tremblors in the state, the report adds.

US Public Overwhelmingly Prefers To Protect Public Lands, Continue Developing Clean Energy

If Twitter is any indication, the court of public opinion has ruled against the armed “militiamen” who took over a wildlife refuge in Burns, Oregon.

They’ve been called #YallQueda, #VanillaISIS and #YeeHawdists, and they claim to have stormed the Malheur National Wildlife Refuge in response to the federal sentence handed down to convicted arsonist and rancher Dwight Hammond.

Hammond is considered a hero by right-wing movements in the Western United States that think it’s heroic to fight federal authorities who seek to protect lands that belong to all Americans. But, cruel hashtags notwithstanding, it wasn’t clear how much support the YeeHawdists and the pro-logging, pro-mining, pro-ranching movements that spawned them have among the general public.

Until now. Thanks to Colorado College’s sixth annual Conservation in the West Poll, we have the data.

Boulder Weekly "Frackademia" Investigation Reveals University of Colorado for Sale to Oil and Gas Industry

Boulder Weekly, a Boulder, Colorado alternative weekly newspaper, has published a 10,000 word ”frackademia” investigation in a special edition of the newspaper. 

The long-form investigation by Joel Dyer — based on thousands of documents obtained by Greenpeace USA — exposes the ongoing partnership between the University of Colorado-Boulder's Leeds School of Business and the Common Sense Policy Roundtable (CSPR), the latter an oil and gas industry front group. The investigation reveals connections to Koch Industries, American Petroleum Institute, and Encana, among others.

Beer Brawl Ensues Over Threat to Shut Down Colorado Coal Mine

Colowyo Mine near Craig, CO
Bars, liquor stores and restaurants in the small northwest coal mining town of Craig, Colorado have started boycotting craft beers made by Colorado microbreweries that have donated even tiny amounts of cash or in-kind gifts to environmental and sustainability causes.

New Research Confirms Earthquake Swarms Caused by Oil and Gas Industry

The evidence establishing that the oil and gas industry is causing earthquakes grew much stronger last week, as two scientific papers clarified exactly how human activity is driving the swarm of quakes that has afflicted Oklahoma for the past six years.

For decades, earthquakes were rare in the central US. Since the 1970’s, two dozen quakes over magnitude 3.0 shook the region in an average year and larger quakes were even more rare.

But since 2009, right when the drilling industry’s wastewater production started spiking, the number of earthquakes has been skyrocketing, with 688 quakes that size hitting the region in 2014 — and 2015 is on track to be even more seismically active.

This means, Oklahoma has been hit by more quakes in the past year and a half than were felt in the entire 36 year-span from 1973 through 2008.

EPA Sued Over Disclosure Rules for Toxic Pollution from Drilling and Fracking

The U.S. Environmental Protection Agency has been sued over toxic chemicals released into the air, water and land by the oil and gas industry, a coalition of nine environmental and open government groups announced today.

The extraction of oil and gas releases more toxic pollution than any other industry except for power plants, according to the EPA's own estimates, the coalition, which filed the lawsuit this morning in the U.S. District Court for the District of Columbia, noted.

But the industry has thus far escaped federal rules that, for over the past two decades, have required other major polluters to disclose the type and amount of toxic chemicals they release or dispose. The Toxic Release Inventory (TRI) is a federal pollution database, established under the Emergency Planning and Community Right to Know Act, and can be used by first-responders in the event of a crisis as well as members of the general public.

People deserve to know what toxic chemicals are being used near their homes, schools and hospitals,” said Matthew McFeeley, staff attorney for the Natural Resources Defense Council.

For too long, the oil and gas industry has been exempt from rules that require other industries to disclose the chemicals they are using, so communities and workers can better understand the risks. It’s high time for EPA to stop giving the oil and gas industry special treatment.”

Roughly one in four Americans live within a mile of an oil or gas well, making the air emissions from the industry a matter of local concern to a fast-growing number of families.

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