Tag: oil drilling
The state has proposed a 3,200-foot setback rule for new wells, but this has not yet gone into effect and does little to address health concerns for residents who live near existing wells.
The Biden administration will revert to "a 2013 Obama administration plan issued that protected about half of the reserve."
“The reality is that in the battle between the oil industry and Biden, the industry is winning.”
"The government's royalty rates and bonding requirements are far too low and lead to public money subsidizing Big Oil's profits while our federal lands and waters suffer egregious harm."
“It’s basically a giveaway to industry of millions of acres of the Gulf of Mexico so they can lock in production for years, at a time when we need to be shifting away from fossil fuel development.”
“We are committed to protecting public health, the economy and our environment as we transition to a greener future that reckons with the realities of the climate crisis we’re all facing.”
“It’s time to shut them down.”
Oil & Gas UK and the Department for Business, Energy and Industrial Strategy have been taking the CCC’s advice “out of context” when discussing new North Sea projects, say campaigners.
Exxon has said that it’s committed to helping meet Paris climate goals, but at the same time, it is turning a country that was a non-oil producer into a massive oil producer.
ExxonMobil says a 9 billion barrel oilfield off the low-lying South American nation’s coast could soon outpace Permian production.