oil and gas Stories Today

The British Medical Journal is calling for warning labels to be placed where consumers buy fossil fuels. The US and British health experts that authored the article explain that more than 118 countries use stark warnings on cigarette packages to change behavior related to smoking. Similar warnings should be placed on gas pumps because burning fossil fuels are linked to 3.5 million premature deaths per year.

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While the US is focused on the coronavirus crisis, states are quietly redefining fossil-fuel infrastructure as critical in order to prevent protests such as the Dakota Access pipeline demonstrations. The idea is to make civil disobedience more difficult.

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oil and gas Stories March 26

The US Senate has unanimously passed the $2 trillion stimulus package in response to the coronavirus pandemic. It’s the largest emergency aid package in US history. And the green energy sector didn’t get anything, as expected… but neither did Big Oil.

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oil and gas Stories March 25

Russell Hardy, the CEO of Dutch energy and commodities company Vitol, the world’s largest independent oil trader, spoke with Bloomberg Markets: European Open this morning about the impact of the coronavirus on the oil markets as Congress finalizes the latest stimulus bill. What will energy get?

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oil and gas Stories March 23

Senate Democrats and Republicans disagree about the latest stimulus package in response to the coronavirus pandemic. They are now frantically negotiating and aiming for a noon Eastern time vote. Here’s where energy and transport stand.

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oil and gas Stories March 13

Volkswagen’s chief strategist this week said that even a yearlong slump in oil prices will not slow down the company’s shift to EVs. VW and nearly every other major automaker have environmental goals that eclipse any short-term impacts from lower prices at the pumps. And the only way to achieve reduced emissions is with electric powertrains.

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oil and gas Stories March 9

Russia refused to cut oil output quotas by up to 1.5 million barrels per day at a failed meeting on Friday between OPEC and non-OPEC nations. So in retaliation, Saudi Arabia will produce 2 million barrels per day at $6 to $7 a barrel into an already oversupplied global market. As a result, oil prices have dropped by a third today.

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oil and gas Stories March 6

ExxonMobil held its investor day at the New York Stock Exchange (NYSE) yesterday, and its CEO, Darren Woods, dismissed carbon targets as a “beauty match” with other companies.

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oil and gas Stories February 26

JP Morgan ends funding for some — but not all — fossil fuels

JP Morgan, the world’s largest financier of the fossil-fuel industry, announced yesterday that it will end fossil-fuel loans for Arctic oil drilling and phase out loans for coal mining.

oil and gas Stories February 25

This brand-new Arizona law is a big blow for green energy and local governance

Arizona governor Doug Ducey (R) signed House Bill 2686 into law on Friday. The new law declares that a “utility provider’s authority to operate and serve customers is a matter of statewide concern.”

In other words, the new law removes the power of every town, city, and county in Arizona to choose their own energy infrastructure.

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