Posts

Banks get tough on shale loans as fracking forecasts flop

by Christopher M. Matthews, Bradley Olson and Allison Prang, WSJ Some of the banks that helped fuel the fracking boom are beginning to question the industry’s fundamentals, as many shale wells produce less than companies forecast. Banks have begun to tighten requirements on revolving lines of credit, an essential lifeline for smaller companies, as these […]

A methane leak, seen from space, proves to be far larger than thought

by Hiroko Tabuchi, NY Times The first satellite designed to continuously monitor the planet for methane leaks made a startling discovery last year: A little known gas-well accident at an Ohio fracking site was in fact one of the largest methane leaks ever recorded in the United States. The findings by a Dutch-American team of […]

Coal isn’t dying. It moved to Asia.

by Nathanael Johnson, Grist In the United States, coal, that supervillain of fossil-fuels, is in a death spiral. But on a global scale, there’s no spiral, just an arrow pointing to Asia. Turns out coal isn’t dying; it’s moving. A report out Tuesday from the International Energy Association reveals the extent to which coal has […]

Youth-washing by the fossil fuel industry

by Alleen Brown, The Interception The same day that 16-year-old climate activist Greta Thunberg gave a stirring speech at the United Nations Climate Action Summit in September, in which she criticized delegates for “stealing my dreams and my childhood with your empty words,” the architects of the climate crisis welcomed select youth participants from the […]

California faces a crossroads on the path to 100% clean energy

by Sammy Roth, Los Angeles Times Bill Brand spent two decades fighting to get the waterfront power plant in Redondo Beach torn down and replaced with a public park. Until recently, he was sure he had won. Regulators had set a deadline of Dec. 31, 2020, for owner AES Corp. to shutter the hulking power […]

5 reasons why the Paris Agreement is a joke (and how we can fix It)

by Sasja Beslik March 18, 2019 on Medium here The Paris climate agreement is a joke. And I should know — I was there when it was drafted. Three and a half years ago, I was one of the hundreds of politicians and heads of industry who convened in Paris with a singular goal: Devise a plan […]

Trump’s order to open Arctic waters to oil drilling was unlawful, federal judge finds

by Coral Davenport, NY Times In a major legal blow to President Trump’s push to expand offshore oil and gas development, a federal judge ruled that an executive order by Mr. Trump that lifted an Obama-era ban on oil and gas drilling in the Arctic Ocean and parts of the North Atlantic coast was unlawful. […]

The truth about big oil and climate change

by Economist In america, the world’s largest economy and its second biggest polluter, climate change is becoming hard to ignore. Extreme weather has grown more frequent. In November wildfires scorched California; last week Chicago was colder than parts of Mars. Scientists are sounding the alarm more urgently and people have noticed—73% of Americans polled by […]

Fossil fuels sponsor the arts, even close to climate talks

by Molly Scott Cato, The Guardian Those attending the COP24 climate negotiations in Katowice, Poland, this week have been greeted by a bizarre sight: an artistic celebration of one of the main fuels responsible for destroying the global climate. Katowice is the centre of Poland’s coal industry, and despite hosting a conference that represents the […]

Last stand in the swamp: Activists fight final stretch of Dakota pipeline

by Lauren Zanolli, The Guardian As the flat-bottom fishing boat speeds through waterways deep inside Louisiana’s Atchafalaya basin, the largest river swamp in the US, the landscape suddenly shifts from high banks of sediment and oil pipeline markers on either side to an open grove of cypress trees towering above the water. Flocks of white […]