U.S. judge halts Keystone XL oil pipeline in blow to Trump, Trudeau. Republican senator demands EPA scale back refinery biofuel waivers. Cambridge Analytica's Fossil Fuel Connections. At one end of the Keystone XL oil pipeline, there is a scene you must see to believe. For Sale: $20 Billion of Unwanted Big-Oil Shares Seek New Owner. Big Oil is under pressure, unloved and on sale.
Energy giants from Exxon Mobil Corp. to Royal Dutch Shell Plc are struggling back to their feet after a three-year oil slump, while also fighting to prove they can survive for decades to come amid an accelerating shift to clean energy. So getting dumped by the world’s biggest investment fund wouldn’t be welcome news. Norway’s $1 trillion sovereign wealth fund said on Thursday that it wants to sell about $35 billion of shares in oil and gas companies to make the nation “less vulnerable” to a drop in crude prices.
Global energy giants favored by long-term investors including Italy’s Eni SpA, PetroChina Ltd. and Russia’s Gazprom PJSC account for more than $20 billion of that total. “This would be hugely impactful, depending on how they do it, especially when many people aren’t comfortable with energy just yet anyway,” said Elvis Pellumbi, London-based chief investment officer at CF Opportunity Fund. Long-Term Questions New Opportunities. Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’ Norway’s proposal to sell off $35 billion in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.
The Nordic nation’s $1 trillion sovereign wealth fund said Thursday that it’s considering unloading its shares of Exxon Mobil Corp., Royal Dutch Shell Plc and other oil giants to diversify its holdings and guard against drops in crude prices. European oil stocks fell. Norges Bank Investment Management would not be the first institutional investor to back away from fossil fuels. But until now, most have been state pension funds, universities and other smaller players that have limited their divestments to coal, tar sands or some of the other dirtiest fossil fuels. Dirty Energy Dominance: U.S. Subsidies – Oil Change Int'lOil Change International. Northern Gulf of Mexico Deepwater Bathymetry Grid from 3D Seismic. Advocate, D., and K.
Hood, (1993), An empirical time-depth model for calculating water depth, northwest Gulf of Mexico, Geo-Marine Letters, v. 13, p. 207–211. Army veterans return to Standing Rock to form a human shield against police. Meet the Obscure Group Influencing Trump's Energy Policy - Bloomberg. An obscure Washington policy group that opposes almost any government aid for renewable energy has emerged as an influential force in shaping Donald Trump’s plans to dismantle Obama administration climate initiatives.
The tiny Institute for Energy Research and its advocacy arm, the American Energy Alliance, work from an office decorated with an oversized photo of an oil derrick in a nondescript building in downtown Washington. Their names aren’t even on display in the unmanned lobby nine floors below. But the modest trappings and small, 14-member staff belies their impact. "There’s not a material energy or environmental policy on which they are not involved -- and most of them, they own," said Michael McKenna, a lobbyist who advises the alliance. The head of the institute, Thomas Pyle, is leading the president-elect’s transition team for energy. Funding Database Founded by a former Enron Corp. executive, the institute has drawn financial support from the fossil-fuel industry. Bigger Groups. Is The Threat Of The Dakota Access Pipeline Real? Leaked Memo Outlines Trump’s Energy Agenda. By Zachary Davies Boren President-elect Donald Trump is set to gut U.S. environmental regulations, open up federal lands for fossil fuel extraction and quit the Paris climate agreement, according to documents seen by Energydesk.
A memo penned by Thomas Pyle, head of the Department of Energy transition team, and obtained by the Center for Media and Democracy, lists 14 key energy and environment policies the incoming Trump administration is expected to enact. The note—part analysis of Trump's statements, part fossil fuel industry wish list—was sent on Nov. 15, just days before Pyle was brought on board by the Trump team. It appears to reflect what Pyle wants from a future Trump administration—though little has yet emerged by way of formal energy policy. Pyle is president of the Institute for Energy Research and the American Energy Alliance, which count among their major donors ExxonMobil, Peabody Energy and Koch Industries. Robert F. Kennedy, Jr: 'I'll See You at Standing Rock'
In 1966, my father held Senate hearings to investigate violent attacks by growers against pickers in the produce fields surrounding Delano, California.
A young United Farmworkers organizer, Cesar Chavez, was orchestrating peaceful protests by Filipino and Chicano farmworkers against meager pay and brutal working conditions. My father only reluctantly attended the hearings. While he was sympathetic with the farmworkers' plight, he already had a full plate of issues ranging from the Vietnam War, rioting cities to starvation in the Delta and education on Indian reservations. Oil Industry Anticipates Day of Reckoning. Oil Industry Anticipates Day of Reckoning. Lift oil-export ban and build more pipelines. By Chris Lafakis The U.S. shale revolution has created jobs, improved the balance of trade, spurred billions of dollars of both foreign and domestic investment, reduced carbon emissions, and lowered oil and gas prices.
And from the shale gas fields in Williamsport to the refineries in the Philadelphia region, new energy technologies have had a profound local impact. This revolution could do even more if the United States allowed crude oil exports and expanded its pipeline system. There has been a ban on U.S. crude oil exports since the 1973 Yom Kippur War, though domestic refiners are free to export gasoline and other petroleum products. Lifting this ban would amplify the benefits of the energy revolution at little cost.