“I think it’s fair to say that API and its prominent member companies have a broadly shared goal, which is to keep the social license of the oil and gas industry operating, and therefore enabling them to continue to extract oil and gas for as long as possible, as profitably as possible.”
“Banks are losing money and investors are stuck in investments they can’t get rid of.”
“Does investing in oil and gas companies still make sense?”
The new rule would allow drilling without public review or environmental reviews that would analyze the impact of industrial actions.
While EPA claims the monitoring waivers do not constitute a license to pollute at will, without effective monitoring there is no way to know.
Environmental, economic and political forces have converged, threatening to finally upend fossil fuel dominance.
This new coalition appears poised to counter policies designed to accelerate the transition away from petroleum-powered transportation.