Posts

Exxon touts carbon capture as a climate fix, but uses it to maximize profit and keep oil flowing

by Kevin Crowley and Akshat Rathi, Bloomberg


Highlights

  • Carbon captured by Exxon Mobil’s Shute Creek Treating Facility is being sold to other companies that are injecting the carbon into depleted oil fields to help produce more oil
  • Exxon may have claimed hundreds of millions of dollars in tax credits due to the tax credit that encouraged companies to capture and store carbon back in 2008
    • The company may have collected $1 billion awarded under the credit over the past decade with nearly $900 million of that amount failing to comply with EPA requirements
  • Exxon is lobbying to eliminate the rule that requires companies to submit carbon monitoring plans to the Environmental Protection Agency in order to claim the carbon credits 
  • Some environmental advocates believe fossil fuel companies are exploiting carbon capture technology to maximize their profits as the carbon they capture can be utilized to pump more oil from the ground in a process referred to as enhanced oil recovery
    • Enhanced oil recovery involves injecting CO2 and water into an oil well which makes the oil easier to move and pump from underground
  • The carbon capture process helps fossil fuels companies retain enough CO2 to keep using the enhanced oil recovery method, which can potentially keep them in business longer
  • The International Energy Agency said recently that carbon capture capacity must soar to 840 million metric tons by 2030, up from about 40 million today in order to have benefits for the environment

Increased air pollution from fossil fuel emissions makes all of us more vulnerable to the current COVID-19 pandemic. For a safe and healthy future for all, endorse the Climate-Safe California Platform to implement scalable solutions that can reverse the climate crisis.


Read More: https://insideclimatenews.org/news/25092020/exxon-carbon-capture

California oil production limits stall in Legislature, leaving the issue to Newsom

by 


Highlights

  • Assembley Bill 345, legislation that would have mandated setbacks of oil drilling sites from homes, schools, and other community dwellings, was voted down 5-4
    • The bill would have also required the Department of Conservation to create an environmental justice progam where residents near drilling sites could voice their concerns
  • Currently the state houses 1,175 active offshore wells and 60,643 active onshore wells
  • While more than 5.4 million Californians lived within one mile of a drilling site and exposure to the pollution is known to cause health effects, Governor Gavin Newsom allowed almost 50 new fracking permits since April
  • Residents of the Central Valley, particular Black and Brown residents, continue to experience the pollution and health effects of continued fracking and drilling at disporortionate rates
  • The state Department of Conservation has been holding online and in-person meetings with communities near oil drilling sites discussing proposed public health and safety protections, but these proposed regulations have not been released

Increased air pollution from fossil fuel emissions disproportionately affects Black, Indigenous, People of Color. Divestment from big oil and securing  100% clean energy in California’s frontline communities is critical to achieving The Climate Center’s goals under the Climate-Safe California Platform.


Read More: https://www.latimes.com/california/story/2020-08-13/setbacks-legislation-california-oil-gas-production-environmental-protections-newsom

California is becoming the gas station of the Pacific Rim

by Ann Alexander, NRDC


Highlights

  • California has been importing more oil as its extraction in state has begun to wind down due to clean cars and fuel standards decreasing our need for oil
  • Many argue that the import of oil from other countries is worse than drilling in state
  • California has yet to pass a setback rule that bans having oil wells near homes and schools, making the argument that oil drilling in state is not any better than importing
  • Refineries are turning to imported crude oil not to meet consumer needs but to capitalize on exporting the refined products
  • A report by Communities for a Better Environment highlights the ways California’s refineries are blocking the state from reaching climate goals and polluting cities
  • California refineries now export more than 200,000 barrels of refined products per day
  • Though oil production levels have been declining, the refining sector has been increasing and growing their export markets
  • Refining uses mass amounts of energy and releases tons of toxic pollution

Fossil fuel divestment and the transition to 100% clean energy is critical to achieving The Climate Center’s goals under the Climate-Safe California Platform.


Read More: https://www.nrdc.org/experts/ann-alexander/ca-refineries-are-driving-our-addiction-oil-imports