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Abandoned well of a different age: do falling oil prices signal the end of oil?

Falling Profits Augur the End of Oil

The profits of the big oil companies keep falling along with the price of a barrel of crude. In 2015, the profits of oil behemoths like Shell, Chevron, Exxon Mobil and BP tumbled. Together, these big four saw profits decline by an average of 65 percent last year. These falling margins have a cascade of impacts that are hastening the…

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Overhead photos of the well leaking methane at Porter Ranch, California

The Invisible Climate Nightmare Unfolding in California

One of the biggest environmental disasters in US history is happening right now in southern California. The methane leak at the SoCalGas Aliso Canyon Storage Facility, located in the Porter Ranch neighborhood of northwest Los Angeles, is already the largest such leak in U.S. history and it is far from over. The leak started in October and SoCalGas has indicated…

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Fossil fuel companies burn from their own deception

Academics on the Take: Mounting Evidence of Fossil Fuel-Funded Climate Denial

Greenpeace revealed today the results of an undercover investigation showing how fossil fuel companies secretly pay academics from leading U.S. universities “to write research that sows doubt about climate science and promotes the companies’ commercial interests,” reported Lawrence Carter and Meave McClenaghan on EnergyDesk Greenpeace today. Reporters from Greenpeace UK posing as representative from coal and oil companies approached professors from Princeton…

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President Obama rejects Keystone XL pipeline

Obama Rejects Keystone XL Pipeline

In what may have been a move to call TransCanada’s bluff, President Obama shut down the Keystone XL pipeline project, rejecting the application that would have brought 800,000 barrels a day of heavy crude oil scoured from enormous tar sand pits in Alberta Canada 1,179 miles south to refineries the U.S. Gulf Coast. Producers can find other means to move…

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The smog over Los Angeles

70 Mayors Write in Support of EPA’s Stricter Ozone Standards

The mayors of Grand Rapids and Salt Lake City publicized the letter, which cites the numerous acute and chronic threats to public health ground-level ozone poses. The EPA recently proposed lowering national ozone pollution levels to 65-70 parts per billion.

Citi climate change inaction OECD 0815

Citi Puts $44 Trillion Price Tag on Climate Change Inaction

Investing in low-carbon energy would save the world economy and society $1.8 trillion by 2040. Failing to take global action to avoid a climate change tipping point, moreover, will cost the global economy and society some $44 trillion by 2060, , according to Citi’s Altenative Energy and Cleantech Research Group.

Protestors hope to stop Shell from exploratory drilling in the Arctic

EarthTalk: What Lessons Learned from the 2010 BP Gulf Oil Spill?

EarthTalk® is a weekly environmental column made available to our readers from the editors of E/The Environmental Magazine Dear EarthTalk: Is off-shore drilling any safer for the environment today given lessons learned from the 2010 BP Deepwater Horizon disaster in the Gulf of Mexico?- Leslie Jackson, Bern, NC The Deepwater Horizon oil rig explosion in 2010 resulted in 11 lost lives and…

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