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Occidental Petroleum CEO: ‘We support the direct regulation of methane’ [Update – methane limits reinstated in Senate]

Update April 28, 5:24 p.m. ET: The US Senate has voted 52-42 to reinstate regulations on methane emissions, a harmful greenhouse gas that traps 84 times more atmospheric heat than carbon dioxide. The Senate voted on a Congressional Review Act resolution led by senators Martin Heinrich (D-NM), Angus King (I-ME), and Ed Markey (D-MA). Or, as King put it, “a repeal of a repeal.”

This is a hugely impactful decision that should result in immediate emissions reduction in the US.

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EGEB: JPMorgan Chase leads with the world’s largest bifacial solar rooftop — and lending to fossil-fuel companies, more

bifacial solar

In today’s Electrek Green Energy Brief (EGEB):

  • JPMorgan launches the world’s largest commercial installation of bifacial solar modules — and also leads in fossil-fuel lending.
  • Energy CEOs voice defiance on efforts to reduce carbon emissions.
  • Video: The top 15 largest oil-producing countries from 1966 to 2018.
  • E&E News is publishing a multi-part series on “the promise and peril of EV infrastructure.”


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Big Oil

Energy CEOs offer ‘defiant voice’ on efforts to reduce carbon emissions

CNBC moderated a panel on Monday at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). The panel consisted of heads of Big Oil and Big Gas. The CEOs spent their time defending their efforts to reduce carbon emissions and intimated that environmental groups pushing for a faster transition to green energy were being unrealistic and overly emotional.


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lobbyists

As ExxonMobil trial starts, Supreme Court green-lights Baltimore’s Big Oil lawsuit

ExxonMobil headed to federal court in Manhattan yesterday. The State of New York is suing the Big Oil giant on charges that the company misled its investors about the climate crisis. And as Baltimore joins New York, Massachusetts, and other cities and counties in the lawsuit arena, it looks as though Big Oil is going to be spending a lot of time on trial in the future.


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big oil climate change

Big Oil and Big Tobacco use same tactics to mislead the public, says new report

Oil giant ExxonMobil is headed to federal court in Manhattan on Tuesday, October 22 — and that legal battle may closely resemble similar battles in the tobacco industry. The State of New York is suing ExxonMobil on charges that the company misled its investors about the climate crisis. And today, scientists at Harvard, George Mason, and Bristol universities released a report, “America Misled: How the Fossil Fuel Industry Deliberately Misled Americans About Climate Change.”


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Elon Musk: ‘people have to revolt against the propaganda of the fossil fuel industry which is unrelenting and enormous’

During his talk at the World Energy Innovation Forum (WEIF) today, Tesla CEO Elon Musk called for people to revolt against the propaganda of the fossil fuel industry and he even described a tactic he believes the industry used to smear his companies.

“We need to appeal to the people – educate people to sort of revolt against this and to fight the propaganda of the fossil fuel industry which is unrelenting and enormous.” – Musk said.

The CEO implied that the LA Times article from last year that misleadingly asserted that Musk’s companies received $4.9 billion in subsidies originated from the fossil fuel industry.
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