At a Dinner, Trump Assailed Climate Rules and Asked $1 Billion From Big Oil
Former President Trump urged oil industry executives to donate $1 billion to support his presidential campaign in exchange for rolling back environmental rules. [ more ]
Years after a Newsom order, California is finally set to ban oil and gas fracking
California's oil and gas industry regulator has started the process to ban hydraulic fracturing, or 'fracking,' in the state following a directive from Gov. Gavin Newsom three years ago.
Environmentalists see the move as a win against climate change, while oil industry groups argue it could lead to higher oil prices. [ more ]
Exxon and Chevron output booms in world's hottest oil patches
Exxon Mobil and Chevron are investing over $100 billion in acquisitions to increase production in the Permian Basin and Guyana, significant sources of global oil supply growth. [ more ]
With Trans Mountain pipeline open for business, Alberta's oilsands city bracing for boom | CBC News
Fort McMurray's economy heavily relies on the oil industry, constantly fluctuating with oil prices and related projects like the Trans Mountain pipeline expansion. [ more ]
Anas Sarwar stands by oil tax plans after Aberdeen executives call him traitor'
Scottish Labour leader Anas Sarwar has dismissed criticism of the party's oil tax plans and is pressing ahead with the multibillion-pound windfall tax on oil profits.
Over 800 oil, engineering, and business executives in Aberdeen claimed that the tax could result in the loss of 100,000 North Sea jobs.
Sarwar defended the windfall tax as a measure to combat the cost of living crisis and to invest in the transition to net zero and create green jobs. [ more ]
Curbing powerful methane emissions is a major focus at the COP28 climate summit
Stemming methane emissions, particularly from the oil industry, is a major focus at COP28.
The Environmental Protection Agency has announced final rules to cut methane from oil and gas operations, estimating a reduction of 58 million tons of emissions from 2024 to 2038.
COP28 is prioritizing efforts to reduce methane emissions, including the mobilization of over $1 billion in grants to help countries cut methane. [ more ]
Book detailing harrowing' impact of wildfires wins Baillie Gifford Prize
John Vaillant's book Fire Weather: A True Story From A Hotter World has won the Baillie Gifford Prize for Non-Fiction 2023, making it the first book on climate change to receive this honor.
Fire Weather chronicles the devastating wildfires in Fort McMurray, Alberta, in 2016, exploring the impact of these wildfires on a Canadian community and delving into the oil industry and climate science.
The book combines harrowing human stories with scientific research and geo-economics, providing a powerful account of a climate disaster and highlighting our complex relationship with fossil fuels. [ more ]