Tag Archives: oil industry

Trump Administration Proposes Rolling Back Offshore Drilling Rules Imposed After 2010 Gulf Disaster

MarketWatch reports: Regulators in the Trump administration are proposing to roll back safety measures put in place after the 2010 Deepwater Horizon oil spill, a revision that would reduce the role of government in offshore oil production and return more responsibility to private companies. The Bureau of Safety and Environmental Enforcement, which regulates offshore oil and gas drilling, estimates its ...

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House GOP Votes To Kill Law Requiring Oil Companies To Reveal Payments To Foreign Governments

Vox reports: On the same day the Senate confirmed Rex Tillerson as Donald Trump’s secretary of state, the House voted to kill a transparency rule for oil companies that Tillerson once lobbied against while CEO of Exxon Mobil. So all in all, a good day for America’s largest oil and gas firm. Using the little-known Congressional Review Act, the House ...

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TRAILER: Deepwater Horizon

The A.V. Club recaps: The Deepwater Horizon oil spill of 2010 was the largest accidental marine oil spill in the history of the petroleum industry, and an ecological disaster. BP was ultimately held responsible by the U.S. justice system (well, as much as a huge corporation can be these days) but the first trailer for Peter Berg’s Deepwater Horizon offers ...

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Denmark: We Own the North Pole

Via the BBC: Denmark has presented a claim to the UN, arguing that the area surrounding the North Pole is connected to the continental shelf of Greenland, a Danish autonomous territory. Foreign Minister Martin Lidegaard said it was a “historic and important milestone” for Denmark. Canada and Russia have already asserted their own sovereignty over the energy-rich Arctic territory. Arctic ...

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Federal Judge Rules BP Was “Grossly Negligent” In 2010 Gulf Oil Spill

Bloomberg News reports: BP acted with gross negligence in setting off the biggest offshore oil spill in U.S. history, a federal judge ruled, handing down a long-awaited decision that may force the energy company to pay billions of dollars more for the 2010 Gulf of Mexico disaster. U.S. District Judge Carl Barbier held a trial without a jury over who ...

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Putin Writes Off 90% Of Cuban Debt

Via the Wire: Russian President Vladimir Putin is currently on a grand tour of Latin America. His first stop is in Havana, Cuba. Ahead of arriving in Cuba, Putin decided to bestow a gift upon the Cuban government. With one swift signature, he eliminated $32 billion of Cuba’s debt, left over from the Soviet era. Cuba isn’t completely off the ...

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ExxonMobil Rejects LGBT Workplace Protections For 17th Consecutive Year

Via the Washington Blade: For the 17th time, Exxon Mobil shareholders rejected a resolution that would have instituted new policy within the oil-and-gas giant to prohibit discrimination against LGBT workers. According to the company, only 19.5 percent of shareholders voted to approve the proposed resolution at their annual meeting on Wednesday, which this year took place in Dallas, Texas. The ...

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GOP Appoints Climate Change Denier To Head House Environment Subcomittee

The GOP has appointed climate change denier Rep. David Schweikert (R-AZ) to head the House Science subcommittee on the environment. Schweikert will replace Rep. Chris Stewart (R-Utah), who moved to the House Appropriations Committee. He said he plans to use his new post to target the Obama administration’s regulatory agenda. “Too often, this Administration has tried to bypass Congress and ...

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Nigerian King: I Have A $1M Watch And Have The Same Cars As Queen Elizabeth

“I have a wrist watch that cost $1 million. I wear expensive wrist watches, shoes and chains, all made of diamond. First and foremost, I am very creative and secondly, I emulate the style of our forefathers, wearing royal beads as an old style. You know these days, if you want to become a popular and flamboyant king, you have ...

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