Last year, we rated ExxonMobil as “grossly insufficient” on all ten of the criteria. There are tiny steps forward in the new announcement, but nothing that changes any of our ten metrics from “grossly insufficient” to “insufficient,” let alone to even “partial alignment.”
Oil and Gas News & Insights: Week of 18 May 2020
Oil Change is producing weekly news and resources updates on the fight against oil and gas as part of our response to the COVID-19 crisis, as a supplement to the monthly OilWire editions we produce with the Global Gas & Oil Network.
Quiz: Who said what? Big oil, or the IEA?
The International Energy Agency (or IEA for short) advises governments on energy policy. The trouble is, at the exact same time, some of the things the IEA says sound exactly like Big Oil talking points. Don’t take our word for it, see if you can tell them apart!
Business leaders, investors, and experts to IEA: Align with Paris and help us plan for success
Today, over 40 business leaders, investors, and energy experts found remarkable alignment around demanding more from the IEA. In a letter covered by the Financial Times, a broad collection of signatories called on the IEA to develop a truly Paris-aligned scenario.
ETP Bulldozes First, Asks Permission Later.
Eight water protectors now face up to five years behind bars due to a new law targeting pipeline opponents. They were arrested and charged with interfering with “critical infrastructure” — in this case the Bayou Bridge Pipeline being built by Energy Transfer Partners (ETP) through the ancient cypress forests within the Atchafalaya Basin. The circumstances … Read More
Nobel Peace Laureates Call on Governor Brown to Phase Out Fossil Fuel Production
The letter calls on Brown and the state “to become the first major fossil fuel producer to begin a managed and just transition off oil and gas production.”
What Canada’s Pipeline Purchase Means for Line 3 and KXL
What does it say about the prospects for multi-billion dollar tar sands oil pipelines, that a national government felt the need to buy a project outright in order to try to save it? When Canadian Prime Minister Justin Trudeau decided to buy-out a failing tar sands pipeline from texas-based Kinder Morgan last month, it exposed … Read More
When will Exxon will be worthless? Not if.
These are dizzying days. Our best advice is to stay woke, and pay attention. As we prepare for a day that will revolve around Trump’s Rose Garden speech to Make America Guzzle&Gush Again, it is worth taking a moment to focus on the amazing events in the background over the last few days: Kinder Morgan’s … Read More
White House releases a new Climate Test? Not quite, but getting closer.
The White House just released an important document today: the final version of guidance for considering climate impacts within the NEPA process. While this document is merely guidance and “not a rule or regulation,” the updated version marks some important shifts in aligning our energy policy with our climate goals.
Oil Change International applauds introduction of the FAIR Energy Policy Act by Senator Schatz
With the climate crisis advancing at an ever-quickening pace, an immediate step toward the solution should be to stop funding fossils. This bill helps to do just that.