Tag: Oil

"An energy policy that doubles down on fossil fuel use is not the right path. We need an ambitious, job-centric plan that is grounded in emissions reductions.”

Nationalization as a way to wind down the sector, tackle the climate crisis and create a just economic transition.

No matter how this pandemic finally plays out, the post-Covid-19 world is bound to have a very different look from the pre-pandemic one and energy use is likely to be among the areas most affected by the transformations underway.

Are we any closer to preventing a similar—or worse—catastrophe?

“The crash that we’re seeing in the oil and gas and petrochemicals industry is a recent intensification of what has been a very long-term trend.”

As oil and gas production moves into ever-deeper waters, the goal should be to respond faster, more effectively and with a better understanding of what’s happening in real time.

In other words, facing a mounting glut and no ability to lower output further, some refineries may simply need to shut down entirely.

“As a legal matter this claim is laughable so it’s better thought of as a PR stunt.”

Satellite images posted on Quartz show the cleared land to accommodate the construction.

The losses are “a preview of the impacts of the inevitable decline of the oil and gas industry on a broad scale.”