One of the world’s top five oil companies is suing Greenpeace over what it calls a false and misleading emissions report. The French oil giant, TotalEnergies, has filed a lawsuit against environmentalist group Greenpeace France and climate consulting firm Factor-X over a report accusing the company of massively underreporting its total greenhouse gas emissions in…
French Oil Company Sues Greenpeace Over ‘False, Misleading’ Emissions Report
Oklahoma Targets Wall Street ESG Activists
Oklahoma became the latest state to take action against Wall Street firms that it claims are hurting companies that are essential to providing jobs and energy for the state. Oklahoma Treasurer Todd Russ announced on Wednesday that 13 financial institutions, which have been deemed to be discriminating against Oklahoma’s energy industry, will be banned from doing business with the state, losing…
Bipartisan Group Introduces Bill to Make Energy Sanctions Against Iran Permanent
A bipartisan coalition of Congress members has introduced a bill that would make permanent U.S. sanctions on Iran’s energy sector. The Solidify Iran Sanctions Act—introduced on May 1 by Reps. Michael McCaul (R-Texas), Michelle Steel (R-Calif.), and Susie Lee (D-Nev.)—would make the sanctions under the Iran Sanctions Act of 1996 permanent as the latter is…
MPs Call for ‘Concrete Action’ Over Welsh Nuclear Power Plant
The UK government must take “concrete action” to facilitate the development of a new nuclear power station in Wales, a committee of MPs has argued. The Welsh Affairs Committee of the House of Commons said on Wednesday, “Concrete commitment by ministers on the future of nuclear energy, and in particular at Wylfa in North Wales,…
IN-DEPTH: Oil Company Profits Soar
Top oil companies continue to see massive earnings, according to published earnings reports for the first quarter of 2023 this week. Energy prices have been soaring following Russia’s invasion of Ukraine in February 2022 and due to persistent global demand. TotalEnergies, ExxonMobil, Chevron, BP, and Shell reported a combined record profit of $153.5 billion in 2022…
ANALYSIS: Oil Company Profits Soar
Top oil companies continue to see massive earnings, according to published earnings reports for the first quarter of 2023 this week. Energy prices have been soaring following Russia’s invasion of Ukraine in February 2022 and due to persistent global demand. TotalEnergies, ExxonMobil, Chevron, BP, and Shell reported a combined record profit of $153.5 billion in 2022…
Northern Territory Green Lights Beetaloo Basin Fracking
Onshore fracking in the Northern Territory’s Beetaloo Basin could be underway as early as 2024 after the government lifted a five-year moratorium. Chief Minister Natasha Fyles says the way has been cleared with all 135 recommendations from the 2018 Pepper inquiry implemented. “We have strengthened government agencies; we have strengthened legislation to rigorously assess environmental…
14 Million Jobs Will Be Slashed Globally by 2027 Owing to AI and ESG Standards: WEF
The World Economic Forum (WEF) has warned that the employment landscape will change drastically over the next five years amid increasingly widespread use of artificial intelligence (AI), the transition to green energy, environmental, social, and governance (ESG) standards, and slower economic growth. According to WEF’s “The Future of Jobs Report 2023,” roughly 23 percent of jobs are…
IN DEPTH: Biden’s Delayed Offshore Oil and Gas Plan Sparks Pushback From Congress
The U.S. Department of Interior’s (DOI) reauthorization of its five-year National Outer Continental Shelf Oil & Gas Leasing Program is months overdue and feared lost at sea—a sea that is of regulatory deceit, claim Congressional Republicans and some Democrats. The update to the 2017-22 federal offshore leasing program was required by statute in June 2022. But…
Pennsylvania Mulls EV Fee for Road Use
Pennsylvanians pay the highest state gas tax in the nation at 61 cents per gallon. That is on top of the 18.4 cents per gallon for the federal gas tax drivers pay in every state. Gas tax money is used for road repairs, but electric vehicle (EV) drivers don’t buy gas, and so don’t contribute…
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