In which we demonstrate that dismissing the climate impact of lifting the crude oil export ban is wrong.
The ill-conceived crude oil exports bill may have passed today in the House, but the bigger story is the loosening grip of Big Oil on our energy policy. Repealing the decades-old ban on crude exports has been Big Oil’s top legislative priority this year, and yet this bill is dead on arrival. Even this oil soaked House of Representatives can’t muster a veto-proof majority, and it is clear they don’t yet have the votes they need in the Senate either.
Eliminating the crude export ban would not only hurt the many communities facing dangerous oil extraction in their backyards but also our climate, as the industry digs up unburnable oil at an even faster clip. The only beneficiaries of gutting this law are the Big Oil Executives seeking to pad their profits.
For the sake of a mere 4% of total petroleum passing through the United States, we say stop the trains now, protect North America’s communities and build an energy system that protects the climate and our citizens from a reckless oil industry.
Oil Change International, Earthjustice and Sightline Institute have submitted a Freedom of Information Act request to the US Department of Commerce Bureau of Industry and Security (BIS) seeking details on the Bureau’s criteria for recently approving multiple significant exceptions to the nation’s crude oil export ban.
The new year has started just like the old one ended, with the oil price continuing its downward slide. This morning oil dropped to five and a half year low as over supply continued to spook the markets.
As the Chamber of Commerce releases their energy “policy” today and renews their call to overturn the crude oil export ban, here is what you need to know about the consequences of doing so, and Big Oil’s motivations in advocating for a policy reversal. A report on the crude oil export ban and why it should … Read More