Big Oil will fight against energy transformation. How do we fight back?
The oil industry is enormous – something like 2-3% of global GDP. Individuals firms like ExxonMobil earn tens of billions of dollars each quarter. Controlling climate change will mean drastic curtailment in the coming decades of the industry’s major products. There’s no way that the industry will accept this lying down, and it’s a formidable …CONTINUE READING
His recent executive order tries to “protect” oil companiy management from smart climate planning.
Exxon management was not pleased when shareholders forced them to produce a report on how climate change would impact their business. In May, Exxon is facing another shareholder vote on whether to form a climate change committee on the Board of Directors and whether to disclose how sea level rise will impact its investments on the …CONTINUE READING
Comments to Oil Trade Association Attack Agency Staff, Dismiss Environmental Safeguards
At a recent meeting of the American Petroleum Institute (the national oil company trade association), Interior Secretary Ryan Zinke made clear some of his plans for the Department of the Interior. According to AP reporting, he called almost 1/3 of employees disloyal, said he plans to speed up oil and logging permits, and revealed a …CONTINUE READING
There’s an obvious explanation. But it’s false.
Let me start with two obvious points – only one of which is true. The first is that the oil industry has huge political influence. The second is that its clout reflects the industry’s economic heft. The first point is definitely true. As Political Wire recently observed: “Nearly every to top level appointment in Trump’s cabinet …CONTINUE READING
10. Until the recent disclosures about funding for Proposition 23 in California, you probably hadn’t heard much about Koch Industries because it’s a family business, although it does $100 billion in sales per year. 9. Charles Koch co-founded the Cato Institute, a libertarian think tank dedicated to saving companies like Koch from the horrors of …CONTINUE READING
It is frequently said that “the oil companies” are financing Prop 23. This turns out to be a bit of an overgeneralization. According to Greenwire, While some companies are supporting Proposition 23, Shell Oil Co. opposes it, Chevron Corp. is officially neutral, Exxon Mobil Corp. and BP PLC have decided not to get involved and …CONTINUE READING
As Dan has pointed out, there has been discussion of possible criminal liability for BP for its conduct leading to the Deepwater Horizon oil spill. David Uhlmann of the University of Michigan, a former federal environmental criminal prosecutor, has expressed optimism that a robust criminal prosecution of BP would appropriately punish BP, make it more likely …CONTINUE READING