Today’s new offshore drilling plan reveals, once again, that Trump’s energy strategy entails little more than smoothing the road for Big Oil to to get whatever they want. This plan is a gift to companies that want open access to our protected ocean waters and has literally no rational basis other than to curry favor with the oil industry. This is a purely political move devoid of any economic or demand driver.
Big banks’ business as usual is killing the climate. From 2014 to 2016, big banks around the world poured $290 billion into extreme fossil fuel companies and failed to respect human rights.
The myth that opening up more public lands and waters for fossil fuel production will result in a windfall for America is dead wrong. The only windfall from this production is enjoyed by oil, gas, and coal executives.
In a huge industry giveaway, Trump’s Department of Interior budget increases funding for oil, gas, and coal expansion by more than $34 million – and slashes renewable energy by at least $15 million.
The U.S. government is providing extensive support for fossil fuel production on public lands and waters offshore, through a combination of direct subsidies, enforcement loopholes, lax royalty collection, stagnant lease rates, and other advantages to the industry, a new report released today finds.
A new report examines the extensive support for fossil fuel production on public lands and waters, provided by the U.S. government to the fossil fuel industry through a combination of direct subsidies, enforcement loopholes, lax royalty collection, and stagnant lease rates.
A closer look at the withdrawal of Arctic waters from offshore drilling shows a critically important detail to how the White House made this decision: They used a climate test as one of the rationales for ending drilling in the Arctic.
We congratulate President Obama for this historic action. As he knows, and as he stated when he rejected Keystone XL, ‘if we’re going to prevent large parts of this Earth from becoming not only inhospitable but uninhabitable in our lifetimes, we’re going to have to keep some fossil fuels in the ground.
BP was responsible for Deepwater Horizon, a disaster that killed 11 people and caused one of worst oil spills ever – and then they made us foot the bill.
Despite growing international condemnation, oil giant BP seems intent on drilling in the highly sensitive Great Australian Bight off the country’s southern coast, which is home to one of the largest breeding populations of endangered southern right whales in the world.