One of the biggest corruption cases faced by the oil industry in recent years is due to resume in Milan on Wednesday as...
Back in 2011, The New York Times first raised concerns about the reliability of America's proved shale gas reserves. Proved reserves are the estimates of supplies of oil and gas that drillers tell investors they will be able to tap. The Times suggested that a recent Securities and Exchange Commission (SEC) rule change allowed drillers to potentially overbook their “proved” reserves of natural gas from shale formations, which horizontal drilling and hydraulic fracturing (“fracking”) were rapidly opening up.
“Welcome back to Alice in Wonderland,” energy analyst John E. Olson told The Times, commenting on the reliability of these reserves after the rule change. Olson, a former Merrill Lynch analyst, is best known for seeing the coming Enron scandal 10 years before the infamous energy company imploded in 2000.
Today, those same rules have allowed shale drillers to boost their reserves of oil, as well as natural gas. As a result, these “proved” reserves, which investors and pipeline companies are banking on, could potentially be much less proven than they appear.
And the unprecented degree to which this is happening in the shale industry casts a shadow of doubt on the purportedly bright future of America's booming oil and gas industry.
Construction of the Bayou Bridge pipeline has continued in and around the Louisiana town of St. James despite a judge’s ruling that a state agency wrongly issued a permit allowing this oil pipeline to be built without an emergency and evacuation plan for the vulnerable town. A follow-up judgment formalizing the initial ruling came on May 15.
Environmental Protection Agency Administrator Scott Pruitt’s ethical lapses and extravagant spending habits have distracted the public from what he is doing to roll back important environmental protections.
There can be no mistake: as early as 1981, big oil company Shell was aware of the causes and dangers of climate change.
These documents show Shell walking backwards. In the 1980s it was acknowledging anthropogenic global warming. Then, as the scientific consensus became more and more clear, it started introducing doubt and giving weight to a “significant minority” of “alternative viewpoints” as the full implications for the company's business model became clear.
By trawling through a tranche of documents first uncovered by Jelmer Mommers of De Correspondent, published on Climate Files, DeSmog UK can chart 30 years of the company’s understanding of climate science.
Ethics officials at the Federal Energy Regulatory Commission (FERC) — the agency responsible for approving energy infrastructure such as interstate oil and gas pipelines and overseeing utilities — recently gave the OK for its new chairman, Kevin McIntyre, to be involved in decisions concerning two of his former clients and previous firm, DeSmog has found.
In a Twitter exchange that quickly devolved into a shouting match and the slinging of insults, an executive for a pipeline company called activists “awful soulless people.” Michelle Smith Hook, Director of Public Relations at Millennium Pipeline Company, was responding to heated tweets by activists in New York state who say the company is planning to construct a pipeline near a nesting bald eagle with eaglets, which are protected by federal law.
For a group apparently hooked on transparency, the latest organization to spring from the loins of the fossil fuel–funded climate science denial industry certainly manages to obscure one or two pertinent facts.
Government Accountability and Oversight (GAO) — the name of the group given public charity status on March 20, 2018 by the Internal Revenue Service — is promising to publish documents about the people and groups behind ongoing court cases against the energy industry and its impact on the global climate.
“We’re not going to get into the science debate and other arguments. We’ll just show the public the documents, so you can decide,” lawyer Chris Horner told a sympathetic Daily Caller about GAO’s Climate Litigation Watch (CLW) project.
Behind the group are three lawyers — one a Republican-elected district attorney, another a former radio host and “longtime friend” of Vice President Mike Pence, and Horner, who has been paid by coal companies and works at the fossil fuel–funded Competitive Enterprise Institute.
While apparently not wanting to “get into the science debate,” Climate Litigation Watch says the science linking fossil fuel producers to climate change is “dubious” — a position at odds with every major scientific academy on the planet.
So, who are these characters behind the GAO and its sole project, Climate Litigation Watch?
Environmental groups have united in opposing a massive new terminal that would receive fracked gas from the US in a protected area on Ireland’s west coast. They fear the plan runs counter to Ireland’s newly agreed climate commitments and is contrary to the country’s decision to ban fracking.
The public consultation on the proposal closed yesterday.
The UK likes to brag about its credentials as a global climate leader. But a new DeSmog UK investigation reveals that beneath the green veneer lies some dirty business.
At the centre of it all is the City of London and its junior stock exchange, the Alternative Investment Market (AIM).
DeSmog UK’s new three-part investigative series Empire Oil: London’s Dirty Secret, lifts the veil on a “boys' club” that generates wealth for The City from environmentally damaging activities in politically unstable regions.
Through detailed analysis of company activity and market data, it exposes how AIM’s “light touch” regulation and complex offshore company structures create an opaque corporate environment in which conflicts of interest have been shown to thrive.
It’s a classic case of be careful what you wish for. Automakers asked the Trump administration to weaken emissions and efficiency standards for cars and light trucks, and are now anxious about just how much the Trump administration actually plans to weaken the standards.
On Friday, May 12, heads of car companies visited the White House, to make the awkward request that Trump not actually give them what they asked for.