Fracking “FRESH” Act Stinks of Dirty Money
Updated: 2012-05-31 15:53:59
The oil & gas industry has once again bought favor from Congress. The Fracturing Regulations are Effective in State Hands (FRESH) Act will remove the federal government’s authority to regulate the controversial practice of hydraulic fracturing (fracking). Introduced in the Senate in March 2012 by Senator Jim Inhofe (R-OK), and in the House by Representative...Continue reading 'Fracking “FRESH” Act Stinks of Dirty Money'.
30 May 2012 Oil giant Shell has abandoned plans to sign a major contract with Bond Offshore Helicopters, BBC Scotland has learned. The oil firm said it was not able to achieve sufficient assurance about Bond’s operations. Shell is conducting an ongoing review of its helicopter services contract across its North Sea operations. Bond temporarily [...]
Sometimes all you have to do is join the dots. Let’s take three different headlines from yesterday, which are all from the Guardian newspaper in the UK. Headline number one: “’Golden age of gas’ threatens renewable energy, IEA warns” The article went on to state: “A ‘golden age of gas’ spurred by a tripling of...Continue reading 'Subsidised “Green Gas” No Better than Coal'.
Only yesterday I was talking about hype and how the oil industry often plays the long game. The Canadian Federal Natural Resources Minister Joe Oliver, who has become a real cheer-leader for the tar sands industry, argues that it could generate over than $3 trillion in revenue in 25 years. That is a huge fat...Continue reading 'Tar sands “could produce $3 trillion”'.
In July, barring any last minute legal challenges, oil giant Shell looks set to cross the rubicon and start drilling offshore in the Arctic. Many environmentalists and indigenous communities have long fought and feared this day. Many of the veterans of the Exxon Valdez have long argued that the lessons of that disaster have still...Continue reading 'Shell’s $4 Billion Arctic Lobby Campaign'.
Thanks to The Checks and Balances Project for this cross post and Headwaters Economics for the study. When you fill up your tank for vacation this summer, keep in mind that the dial at the pump is spinning faster than you think. In addition to what you pay at the pump, your tax dollars are...Continue reading 'New Study: Oil Subsidies Waste Money, Don’t Encourage Production'.
It’s taken four years and millions of dollars in lawyers for BP to finally agree to do what it should have done in the first place at its Whiting, Indiana refinery. The refinery has been constructing new equipment to enable it to switch to 100% tar sands heavy oil processing, a $3.6 billion investment. But...Continue reading 'BP refinery rollover shows tar sands refineries need to clean up'.
Yesterday we co-published a report with NRDC and Forest Ethics that busted the myth that the Keystone XL pipeline would lower gasoline prices for U.S. and Canadian consumers. It is actually more likely to raise prices by diverting oil from refineries in the Midwest, which are focused on serving the domestic market, to refineries on...Continue reading 'TransCanada clings to Keystone myths'.
It is not so long ago that “fracking” moved from a term used by the oil industry to enter the mainstream collective consciousness, as the technique spread like a cancer across America. Fracking is the process by which oil companies pump a mixture of sand, water and chemicals under high pressure to release gas. It...Continue reading 'Frac-Sand Nation'.
Download the report. NRDC, Oil Change International and ForestEthics Advocacy released a report today that blows apart the tar sands industry’s claims that building the Keystone XL pipeline would lower gasoline prices in America. The report lays out how Keystone XL would reduce gasoline supplies in America by diverting Canadian tar sands crude from the Midwest to the...Continue reading 'Keystone XL Gas Price Myth Busted'.