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    The Biden administration will reportedly recommend increasing red tape and fees on the United States’s oil industry Friday. The U.S. Interior Department will release a delayed study from the summer about how to further strangle the American energy sector to fulfill Biden’s campaign promise to the far-left, Reuters reported: Under the U.S. federal oil and gas leasing program, the Interior Department is required...
    President Joe Biden publicly announced today that the U.S. will release 50 million barrels of crude oil (a half a day’s worth of global crude oil consumption) from its Strategic Petroleum Reserve (SPR). The White House as has been signaling its intention to do this for the last several weeks, allowing enough time for the event to be priced into...
    President Joe Biden’s Energy Secretary Jennifer Granholm was unable to answer a question concerning the amount of oil the U.S. consumes per day during a Tuesday press briefing. NEW – Biden’s Energy Secretary does not know how much oil the United States uses per day.pic.twitter.com/qPXbrQdX02 — Disclose.tv (@disclosetv) November 23, 2021 “How many barrels of oil does the U.S....
    Reaction to President Joe Biden’s announcement on Tuesday that he is releasing some 50 million barrels from the Strategic Petroleum Reserve has been swift and critics agree that the move is only a temporary fix and won’t reduce the ongoing rise of gas prices at the pump. That will require Biden reversing his policies that have hampered domestic production, including...
    Domestic and international oil price indices rose Tuesday, even after President Joe Biden and other world leaders coordinated a release of emergency reserves. The West Texas Intermediate (WTI) crude oil index, which measures U.S. prices, increased more than 2% to $78.44 per barrel while the European Brent Crude index ticked up nearly 3%, hitting $82 per barrel. But, in an...
    A coalition of 15 states announced a commitment to scrutinize future business with banks that divest from the fossil fuel industry. The coalition of top state financial officers, formed by West Virginia State Treasurer Riley Moore, collectively represents more than $600 billion in public assets under management, according to the announcement. The officials wrote a letter to banking industry leaders...
    Eleven U.S. Senate Democrats have called on President Joe Biden to do something about rising gas prices while also expressing support for policies that energy industry says are contributing to seven-year high costs at the pump, including oil and gas tax increases embedded in the Build Back Better Act. The 11 senators wrote this month that they support the president’s...
    President Joe Biden is urging the Federal Trade Commission to investigate Big Oil for "anti-consumer behavior" and possible "illegal conduct," after large and "unexplained" increases in gas prices at the pump threaten the economic recovery and average Americans' wallets. "I am writing to call your attention to mounting evidence of anti-consumer behavior by oil and gas companies. The bottom line...
    Pres. Biden, saying there is \u201cmounting evidence of anti-consumer behavior by oil and gas companies,\u201d in letter to the FTC: \u201cThe Federal Trade Commission has authority to consider whether illegal conduct is costing families at the pump. I believe you should do so immediately.\u201dpic.twitter.com/0SCa26hiqG — Phil Mattingly (@Phil Mattingly)1637162752 "I do not accept hard-working Americans paying more for gas...
    New York (CNN Business)The American Petroleum Institute on Wednesday slammed President Joe Biden's push for a Federal Trade Commission investigation of the oil industry and renewed its call for the federal government to encourage domestic oil and gas production."This is a distraction from the fundamental shift that is taking place and the ill-advised government decisions that are exacerbating this challenging...
    President Joe Biden called on the Federal Trade Commission to investigate oil and gas companies for high gasoline prices, the latest White House attempt to portray itself as addressing high energy prices without taking measures to increase domestic supply of fossil fuels. Biden asked FTC Chair Lina Khan in a letter Tuesday to "call attention" to gasoline prices increasing...
    Oil and gas industry players say that Biden administration policies have tied their hands, preventing them from boosting production and easing price pressures as the nation faces some of the highest costs in years heading into the winter holidays. Some oil and gas producers say the Biden administration is directly preventing them from drilling more through regulation. Others...
                      by Thomas Catenacci  President Joe Biden’s nominee for a key Treasury Department role admitted that oil, natural gas and coal firms need to go bankrupt to prevent climate change, a resurfaced video showed. “Here what I’m thinking about is primarily the coal and oil and gas industry. A lot of...
    "The way we basically get rid of those carbon financiers is we starve them of their sources of capital," she said at a virtual roundtable on "investment and decarbonization," again hosted by the Jain Family Institute. Investment and Decarbonization www.youtube.com Why does it matter?The unearthed videos are not good news for Omorova's chances at confirmation. With all 50...
    New York (CNN Business)US oil companies used to ramp up production at even the slightest hint of higher prices.That drill-baby-drill strategy worked well for American drivers last decade, keeping prices at the pump relatively low. And it made the United States the king of the oil world, surpassing both Saudi Arabia and Russia in production. But the strategy was terrible...
    President Joe Biden’s nominee for a key Treasury Department role admitted that oil, natural gas and coal firms need to go bankrupt to prevent climate change, a resurfaced video showed. “Here what I’m thinking about is primarily the coal and oil and gas industry. A lot of the smaller players in that industry are going to probably go bankrupt in...
    Dagen McDowell said that President Biden's energy secretary Jennifer Granholm "took a chainsaw…to one of our most valuable industries…and…our global security" Friday on "The Five." Granholm laughed recently when asked about her plans to increase American oil production, saying "that is hilarious" and explaining that oil is a "global market" controlled by OPEC – which she said had decided not...
                      by Thomas Catenacci  The Biden administration rolled out broad new regulations that it said will substantially reduce U.S. methane emissions within 15 years. The sweeping regulations would cut methane emissions, which account for roughly 10% of the greenhouse gasses emitted by the U.S., by 41 million tons between 2023 and...
    The Biden administration is seeking to mobilize the world to curb methane emissions, using domestic policies and global pledges to combat the climate-warming gas. World leaders announced Tuesday that 100 countries are now backing an effort led by the United States and the European Union to cut global methane emissions by 30 percent. Meanwhile, the U.S. also announced new regulations for...
    President Joe Biden's proposals to reduce methane emissions in the US have been released, revealing an ambitious combination of new regulations and voluntary initiatives. The proposal announced Tuesday centers largely on the oil and gas industry, which the Environmental Protection Agency says accounts for about 30 percent of all methane emissions in the US. Industry analysts say that the impact...
    WASHINGTON (AP) — The chairwoman of the House Oversight Committee issued subpoenas Tuesday to top executives of ExxonMobil, Chevron and other oil giants, charging that the companies have not turned over documents needed by the committee to investigate allegations that the oil industry concealed evidence about the dangers of global warming. Rep. Carolyn Maloney, D-N.Y., said she tried hard to...
    House Oversight Committee Chairwoman Carolyn Maloney subpoenaed several major oil corporations and industry groups Tuesday, saying they failed to produce documents as part of a committee investigation into the industry's "disinformation campaign" on climate change. The subpoenas follow a contentious Oversight Committee hearing, during which Democrats accused Exxon Mobil, Chevron, BP America, Shell, American Petroleum Institute, and U.S. Chamber...
    The Biden administration rolled out broad new regulations that it said will substantially reduce U.S. methane emissions within 15 years. “As global leaders convene at this pivotal moment in Glasgow for COP26, it is now abundantly clear that America is back and leading by example in confronting the climate crisis with bold ambition,” Environmental Protection Agency (EPA) Administrator Michael...
    The Biden administration on Tuesday announced a proposal to regulate methane from oil and gas sources, touting the rules as having the potential to produce immediate emissions cuts and hoping the proposal will bolster U.S. clout at the ongoing U.N. climate conference. Methane, the main component of natural gas, is less known than carbon, the biggest contributor to climate change....
    Darren Woods, CEO of ExxonMobil testifies via video conference o Thursday before the House Committee on Oversight and Reform. (Jacquelyn Martin/AP) This story was originally published by HuffPost and is reproduced here as part of Climate Desk.  A landmark congressional hearing to probe the extent to which the oil industry misled the public about global climate change featured executives of...
    Aberdeen, Scotland (CNN Business)The people who made their fortunes in the oil capital of Europe need a new plan. For decades, Aberdeen, a port city on Scotland's northeast coast, has served as the commercial gateway to the North Sea, where powerful companies have navigated deep and dangerous waters to extract tens of billions of barrels of crude. But the basin...
    Bags of rice. Jars of M&Ms. Frustrated oil executives. Prop-loving Congress member Rep. Katie Porter, D-Irvine, brought it all Thursday during her segment of a House Oversight Committee hearing involving the oil industry. Ostensibly, the hearing was about the industry’s role in creating and spreading disinformation about global warming. But by the time Porter appeared via Zoom to ask her...
    by Benjamin Franta, Stanford University Four years ago, I traveled around America, visiting historical archives. I was looking for documents that might reveal the hidden history of climate change – and in particular, when the major coal, oil and gas companies became aware of the problem, and what they knew about it. I pored over boxes of papers, thousands of...
    Rep. Ilhan Omar (D-MN) told a group of Big Oil executives on Thursday to resign. The House Oversight and Reform Committee held a hearing about climate change, featuring Exxon Mobil CEO Darren Woods, BP CEO David Lawler, Chevron CEO Michael Wirth, and Shell Oil president Gretchen Watkins, American Petroleum Institute President Mike Sommers, U.S. Chamber of Commerce president and CEO...
    House Democrats faced off against executives representing the oil and gas industry's biggest players on Thursday, accusing their companies of spreading disinformation about the connection between fossil fuels and climate change. The House Oversight Committee hosted the heads of Exxon Mobil, BP America, Shell, Chevron, the American Petroleum Institute, and the U.S. Chamber of Congress to answer to allegations...
    WASHINGTON (AP) — Top executives at ExxonMobil and other oil giants are set to testify at a landmark House hearing Thursday as congressional Democrats investigate what they describe as a decades-long, industry-wide campaign to spread disinformation about the role of fossil fuels in causing global warming. The much-anticipated hearing comes after months of public efforts by Democrats on the House...
    WASHINGTON (AP) — Top executives at ExxonMobil and other oil giants are set to testify at a landmark House hearing Thursday as congressional Democrats investigate what they describe as a decades-long, industry-wide campaign to spread disinformation about the role of fossil fuels in causing global warming. Top officials at four major oil companies are testifying before the House Oversight Committee,...
    House Democrats are set to begin a year-long probe into major oil corporations’ alleged decades-long “disinformation” campaign on climate change. Democratic California Rep. Ro Khanna, the chairman of the House Oversight Subcommittee on the Environment, an outspoken critic of oil companies, is spearheading the investigation alongside Oversight Chair Carolyn Maloney. On Thursday, executives from some of the largest fossil fuel...
    First steps made in Congress to honor pop superstar Prince The Facebook Papers: dozens of stories based on leaked whistleblower documents just dropped © Marketwatch MARKET PULSE JPMorgan Chase Citigroup and Bank of America collected the most fees from the oil, gas and coal sectors in the past six years, according to a Bloomberg study released Monday. The news...
    Executives for major oil corporations and industry groups are set to testify before the House Oversight Committee for a hearing aimed at tackling big oil's alleged "disinformation campaign" on climate change. Top dogs at ExxonMobil, BP America, Shell, Chevron, the American Petroleum Institute, and the U.S. Chamber of Congress will be on Capitol Hill Thursday to answer Democrats' accusations...
    Democratic Rep. Ro Khanna of California sent a fundraising email to supporters this week, asking for donations ahead of a House hearing on “Big Oil.” The email, with the subject line “Big Oil doesn’t want us to know,” criticized fossil fuel companies for profiting while climate change continues. The message also accused the industry of waging multi-million dollar “climate denialist...
    SACRAMENTO —  The Newsom administration on Thursday took the first step toward banning new oil and gas wells within 3,200 feet of homes, schools and healthcare facilities, and requiring emissions monitoring of existing wells within those buffer zones, a move urged by environmental and public health advocates who say the toxins, odors and hazards from oil fields disproportionately affect Latino and...
    Oil and gas industry groups had a heavy hand in choosing representatives to serve on a council intended to ensure energy and electricity operations continue during extreme weather conditions, emails provided to The Texas Tribune and confirmed by the Texas Railroad Commission show. The council, recently formalized by the Texas Legislature in the aftermath of the power crisis earlier this...
    Fears of a tighter regulatory environment has caused the U.S. to begin importing more oil, threatening its energy independence and security, trade groups representing fossil fuel companies said. “The signals sent very early on, most notably the cancelation of Keystone and the federal leasing ban, along with all the planned upcoming regulation and all the anti-oil and gas provisions...
    Though there are multiple ways of eliminating carbon dioxide from the atmosphere, technology-based solutions are needed to limit global warming. Nature-based solutions, such as reforestation and afforestation may be viable, but there is a need for complementary measures. Over the years, the amount of carbon emissions from human activities has been enormous, and it may be challenging to rely on...
                      by Bethany Blankley  Seven Democratic U.S. representatives have asked Speaker of the House Nancy Pelosi, D-Calif., and Senate Majority Leader Chuck Schumer, D-New York, to not target the oil and gas industry in the budget reconciliation bill before Congress. Despite the concerns they and those in the industry have raised,...
    Fox News contributor Marc Thiessen discussed rising gas prices and inflation on "The Faulkner Focus," and criticized the Biden administration's "war" on the fossil fuel industry.  INTERNET REACTS TO BRUTAL NEW ECONOMIC DATA: 'NOT WHAT THE WHITE HOUSE WANTS TO SEE' MARC THIESSEN: Higher gas prices are a result of deliberate choices. The Biden administration declared war on fossil fuels....
    After campaigning on reining in oil and gas companies and curbing climate change, President Joe Biden is scrambling to find ways to lower energy prices — and counting on help from the industry. The average per-gallon price of gasoline stands at $3.29 nationally, the highest level in seven years. Oil is also at its highest price in that time...
    President Joe Biden recently petitioned oil industry leaders to help lower skyrocketing energy prices as cold weather approaches, Reuters reported. The White House is concerned that rising energy costs will continue to increase inflation and set the U.S. economic recovery back, according to Politico, which confirmed a Reuters report. The precise details of talks between Biden and the oil industry,...
    Strolling home from a beach yoga session near Lifeguard Tower 14, not far from the crews working to contain the massive oil spill from an offshore pipe, Julie Green passed a vestige of her city’s petroleum-steeped history. It was a solitary pump jack, encircled by barbed-wire fencing and squeezed incongruously between pricey homes on 14th Street and Pacific Coast Highway....
    Activists deliver a letter to then New York Attorney General Eric Schneiderman in support of his investigation of ExxonMobil. Erik McGregor/LightRocket/Getty Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. For more than a decade, researchers...
    Amid a week of horror and heartbreak, outrage and demands for greater accountability, many Californians couldn’t help but question all the other oil platforms that have rusted and churned for decades just a few miles offshore. Take Platform A, perhaps the most notorious rig of them all: On the morning of Jan. 28, 1969, this looming complex of metal off...
                      by Bethany Blankley  Oil prices hit a 7-year high this week as American oil and gas companies continue to fight the Biden administration over policies restricting production. As the economy began to reopen this year and the demand for fuel increased, President Joe Biden, through executive order, halted and restricted...
    US deaths from virus in 2021 surpass 2020 total; Johnson & Johnson seeks FDA clearance for booster shots: COVID updates Class-action lawsuit filed over California oil spill Government regulators have long failed to effectively oversee energy companies that rely on pipelines to transport large volumes of oil from offshore rigs, according to experts, environmental advocates and even reports by...