An anonymous reader quotes a report from The New York Times: The Trump administration on Monday announced that it would begin the formal process of selling leases to oil companies in a last-minute push to achieve its long-sought goal of allowing oil and gas drilling in the Arctic National Wildlife Refuge in Alaska. That sets up a potential sale of leases…
Tag: oil companies
Amazon Defends Working With Oil Companies To Reach Its Zero-Carbon Goal
Partnering with oil and gas producers is necessary for Amazon and other companies to achieve their climate goals, the tech giant’s chief of sustainability, Kara Hurst, said during an Axios virtual event on Thursday. From a report: Amazon aims to hit carbon neutrality in 2040, 10 years earlier than the Paris climate accord. The company plans to reach its goal in…
Another Source of Greenhouse Gas: Abandoned Oil Wells
The Sacramento Bee published a video showing dozens of oil tankers anchored off California’s coast as the current demand for oil plummets. But looking toward the future, they’ve also published along with it a special warning from the director of the nonprofit Center for Biological Diversity’s Climate Law Institute: California Resources Corporation, the state’s largest oil and gas producer, is the…
Big Oil Is in Trouble. Its Plan: Flood Africa With Plastic.
Confronting a climate crisis that threatens the fossil fuel industry, oil companies are racing to make more plastic. But they face two problems: Many markets are already awash with plastic, and few countries are willing to be dumping grounds for the world’s plastic waste. The industry thinks it has found a solution to both problems in Africa. From a report: According…
Oil Companies Are Collapsing, but Wind and Solar Energy Keep Growing
A few years ago, the kind of double-digit drop in oil and gas prices the world is experiencing now because of the coronavirus pandemic might have increased the use of fossil fuels and hurt renewable energy sources like wind and solar farms. That is not happening. From a report: In fact, renewable energy sources are set to account for nearly 21…
Peak oil demand could arrive much sooner than expected, says oil firm
The world’s appetite for oil could peak within five years according to one of Europe’s biggest oil and gas firms, much earlier than most rival oil companies expect Source: https://www.newscientist.com/article/2228920-peak-oil-demand-could-arrive-much-sooner-than-expected-says-oil-firm/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
7 things we’ve learned about Earth since the last Earth Day
Source: https://www.vox.com/2019/4/21/18223816/earth-day-2019-climate-change-plastic-extinction…