Tag: oil and gas industry

"This is a critical step towards righting the wrongs of the past and setting our nation on a path of environmental, climate, and social justice."

The pipeline industry faces growing questions about whether it’s wise to build a massive network of pipelines that could become obsolete well within their projected 50-year-plus lifespans.

“If the state fails to require CRC to set aside funds to pay for its well closure obligations as part of the bankruptcy proceeding,” taxpayers could eventually foot the bill “to plug CRC’s abandoned wells.”

“We’ve blocked any new federal leasing in California in court for eight years now, and we’ll fight this too.”

While EPA claims the monitoring waivers do not constitute a license to pollute at will, without effective monitoring there is no way to know.

“Big Oil has fallen. Our job is to make sure they don't take us down with them.”

“Shale companies often struggled with their finances already early on and this BS American Dream story of ‘resilience, experimentation, and perseverance’ would have likely been impossible without the [production tax credit].”

“The fossil fuel industry wants us to believe its financial woes are just the result of COVID-19, but that’s a lie — these problems have been mounting for years as oil companies and banks made ever-riskier bets on extraction projects hurting communities and wrecking the climate.”

The big banks funded the money-losing fracking industry for the past decade just like they funded the housing crisis — but the reality is, just like in the housing crisis, the coming bailouts will protect the banks.

“These findings are troubling, considering that Congressional candidates are much more likely to win if they raise more money than their opponents.”