by Sammy Roth, The Los Angeles Times Highlights Fossil fuel companies claim to be working in favor of communities of color, including indigenous and tribal groups, by pushing their natural gas agenda Gas industry groups and organizations that accept fossil fuel money promote the idea that a transition away from natural gas will disproportionately affect … Read more
by Kevin Crowley and Akshat Rathi, Bloomberg Highlights Exxon Mobil is raising its yearly emissions to 17% by 2025, releasing an additional 21 million metric tons of carbon dioxide (CO2) per year according to the companies own assessment of its $210 billion investment strategy New investment and growth plans come after the company experienced losses during the … Read more
by Steve Horn, The Real News Highlights California Governor Gavin Newsom approved two rounds drilling permits for Chevron this summer, furthering criticism from environmental groups Since lifting the moratorium on fracking, Governor Newsom has approved 36 new fracking permits in Lost Hills to Aera Energy, a company he has close ties with Chevron was given … Read more
by Emily Atkin, Heated Highlights SoCalGas recently failed to stop building electrification efforts in the coastal city of San Luis Obispo by creating a group to advocate against it, threatening to hold a non-COVID 19 compliant rally if the law passes, and are suspected to have pushed a story saying building electrification was racially discriminatory … Read more
by Sammy Roth, The Los Angeles Times Highlights One of Governor Gavin Newsom’s campaign promises was to wind down the usage of the Aliso Canyon gas storage field, located just outside Los Angeles. New reports show that the facility usage has increased during his governorship Publicly available information analyzed by Food and Water Watch shows … Read more
by Mark Olalde, Desert Sun, January 24, 2020 Highlights Decommissioning and cleaning up oil and gas wells throughout the state may cost billions, but only $110 million is saved for this process. Many wells become abandoned as oil and gas prices take sharp downturns and environmental policies result in the decrease of the use of … Read more
by Kathy Hipple, IEEFA, January 28, 2020 Highlights Forty-two companies within the United States that have fracking based portfolios filed for bankruptcy in 2019: In total, the aggregate debt of these companies was $26 billion The fracking sector struggled due to overproduction, gas and oil prices, and increasing debt throughout the past 5 years Moody’s … Read more
