by Gabby Brown, Sierra Club Highlights New analysis from the Sierra Club shows that natural gas exploration company California Resources Corporation (CRC) may leave California taxpayers with $900 million in costs for the remediation of thousands of abandoned oil wells CRC has ownership interest in nearly 18,000 oil wells that can cause greenhouse gas emissions, … Read more
by Daisy Nguyen, Associated Press Highlights California issued 2,691 permits to drill new wells or rework existing ones the first half of this year and the issued 48 new permits for hydraulic fracturing Consumer Watchdog and FracTracker have partnered on a “Newsom Well Watch” website and say that California has issued 190% more oil and … Read more
by Karen L. Jones, California Health Report Highlights According to the California Department of Public Health, the death rate due to chronic lower respiratory disease is 12 times higher in the San Joaquin Valley compared to the rest of the state and 14 times higher than the national rate The intense pollution in the region … Read more
By Jennifer A. Dlouhy, Bloomberg Green Highlights Environmental activists are fighting oil companies to keep drilling out of the Arctic National Wildlife Refuge by putting divestment pressure on banks. Tribal representatives and other environmental activists pressed banking executives about their policies during shareholder meetings and in conversations with sustainability directors Morgan Stanley has announced that … Read more
From Bloomberg Highlights The coronavirus pandemic has caused oil markets to plunge into the negative due to a lack of storage for unused oil. Michael Tran, managing director of global energy strategy at RBC Capital Markets, says that there is little to be done about the market nose-diving even further: “Refiners are rejecting barrels at … Read more
