Tag: big oil
Despite President Obama's historic climate action plan, he recently gave Shell the final approval to drill in the Arctic and is now defending his approval.
After a U.S. Appeals Court ruled against the Sierra Club's petition for rehearing motion for the southern leg of TransCanada's Keystone XL, it was revealed that one of the judges had some stake in the pipeline. Could it be oil investments?
Shell Oil has decided to rebrand itself as something other than an oil company for its U.S.-based unit. But this doesn't change their aggressive stance to drill for offshore oil in the Arctic and deep offshore in the Gulf of Mexico.
"Kayaktivists" are protesting against Shell oil drilling in the Arctic by preventing the rig from leaving the Port of Seattle. While dozens were arrested, activists vow to continue protesting against Shell.
While the cleanup of crude oil leaked from a broken pipeline started off slow, efforts are underway at the shores of Refugio State Beach in Santa Barbara, California. This latest spill recalls a catastrophic blowout that happened in 1969.
While there is an ongoing impact of the 2010 oil spill, drilling has resumed near the site of the explosion that caused the worst industrial environmental disaster in U.S. history. Doesn't anyone remember the devastation?
A major class action lawsuit was recently filed in a District Court and pits plaintiffs in Dimock, PA against big oil and gas. This case could be key in determining whether "frackers," who contaminate drinking water, can be held accountable under federal law.
While the Standard Oil Trust fixed prices, set production quotas and ruthlessly forced out competitors, the Organization of the Petroleum Exporting Countries has control of the industry. If history repeats itself, will the oil industry respond with market manipulation?
Big Coal and Big Oil are dead men walking. So if you have hopes in retiring on them, think again. Stocks in these companies will get you nowhere—they're outmoded and prone to crashing. It's time to put your securities elsewhere.