Tag: oil industry

Not only is the U.S. shale oil industry failing financially and facing debts it likely can’t repay, but calls are growing for the new Biden administration to reinstate the crude oil export ban.

“I welcome an end to federal fossil fuel leasing and the necessary transitions to more sustainable economies for the Navajo Nation.”

This industry push is a concerted effort to squash climate liability lawsuits.

With oil prices down and wealthy countries bungling COVID-19, the pandemic has exposed the weaknesses that wealth papers over.

“We want to be compensated for the costs of climate damages both past, present and future.”

“The pandemic has taken essentially every weakness that already existed in the oil industry and then made each of them much, much worse..."

While AEA is calling the defeat of the EV tax credit extension a “holiday reprieve for taxpayers,” the move is perhaps more accurately described as a holiday gift to the oil industry.

As the DeSmog series Fracking for Plastics notes, Saetre is not alone in his ambition to either burn all the oil and gas or turn it into plastics.

With the latest ruling in Oregon, it appears the legal basis has been laid for what the oil industry considers a catastrophe.

Industry isn’t safe and worker safety still isn’t a priority.