A new court case has given oil companies the opportunity to admit, on the record in open court, that climate change is real. Learn the implications of this for climate, business, and investing.
Tag: oil companies
Those who think that federal subsidies for renewable energy are an unacceptable extravagance will be pleased to know that, by 2025, they will no longer be necessary, according to this report by the U.S. National Renewable Energy Laboratory. Of course, Read more…
Oil companies are reaping massive profits and skirting taxes (with the help of fossil-fuel-friendly politicians) while the U.S. is in a debt crisis. Is that fair? While the general public suffers through very difficult economic times and the threat of Read more…
All Americans should be aware of what’s happening in Washington in this critically important area that affects every one of us. Earlier this week, 48 Senators, including three Democrats and all but two Senate Republicans voted to defeat a bill Read more…
Democrats renewed their push to cut oil subsidies this week, saying high gasoline prices and big revenues for oil and gas companies make this as good a time as any to eliminate billions in annual tax incentives to the industry. Read more…
This afternoon the President wrote a letter to leaders of both parties in Congress on the subject of tax breaks for oil companies. The President's letter comes a day after Speaker of the House John Boehner said that eliminating those Read more…
After burning through five energy ministers, President Rafael Correa was finally able to pass the petroleum reform that replaces a production-sharing model with a flat rate per barrel produced payment scheme. The oil of Ecuador now belongs to the Ecuadorian Read more…
By now there’s little debate that the technology used to obtain oil in deeper waters was developed and rapidly put into use before safety technology could keep up. As we’ve noted, that’s a development that regulators allowed, despite their concerns. Read more…