Tag Archives: fossil fuels

Fracking Pioneer Chesapeake Energy Goes Bankrupt

The Guardian reports: Chesapeake Energy, the shale gas drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said on Sunday that it had been forced to enter chapter 11 protection because its debts of $9bn were unmanageable. It has entered a plan with lenders to cut …

Read More »

Vatican Calls For Catholics To Divest Fossil Fuel Stocks

Reuters reports: The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment. The calls were contained in a 225-page manual for church leaders and workers to mark the fifth anniversary of Pope Francis’ landmark encyclical “Laudato Si” …

Read More »

Billions Could Live In “Extreme Heat Zones” By 2070

The New York Times reports: As the climate continues to warm over the next half-century, up to one-third of the world’s population is likely to live in areas that are considered unsuitably hot for humans, scientists said Monday. Currently fewer than 25 million people live in the world’s hottest areas, which are mostly in the Sahara region in Africa with …

Read More »

UN Leader Calls For End To Fossil Fuel Subsidies

Politico reports: How financially sustainable is an industry if it is distorted by $5 trillion in annual subsidies? That’s the challenge laid out by United Nations Secretary General Antonio Guterres, who is taking direct aim at government subsidies for producers and consumers of fuels such as oil, gas and coal. “Fossil fuel subsidies must end, and polluters must start paying …

Read More »

Oil Prices Plummet After Russia-Saudi Pact Collapses

Reuters reports: Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signaled they would hike output in a market already awash with crude after their three-year supply pact collapsed. Despite sliding demand for crude due to the coronavirus, Riyadh made plans …

Read More »

Department Of Energy Press Release Rebrands Fossil Fuels As “Freedom Gas” And “Molecules Of Freedom”

USA Today reports: Move over, freedom fries. Freedom gas is here. On Tuesday, the Department of Energy posted a press release about liquid natural gas exports, referring to natural gas as “freedom gas” and “molecules of U.S. freedom.” The release was about the Department of Energy’s authorization of increased exports of natural gas from a terminal located off the coast …

Read More »

Third-Largest US Coal Company Files For Bankruptcy

Wyoming Public Radio reports: One of the largest domestic coal companies has voluntarily filed for Chapter 11 bankruptcy. Cloud Peak Energy warned of its financial problems in November of last year. By 2018, Cloud Peak had nearly no cash, were hundreds of millions of dollars in debt, and sold less coal than it had in years. The company points to …

Read More »

US Reaches One Million Electric Car Sales

Axios reports: Sale of the one millionth electric vehicle in the U.S. is likely to occur this month, according to an estimate by the group Securing America’s Future Energy (SAFE) that’s based on data compiled by Inside EVs. It’s a symbolic threshold that signals growing adoption of the technology, even though it remains a small part of the overall U.S. …

Read More »

Landmark Climate Change Study Warns Planet Has Until 2030 Before Irreversible Consequences Start To Occur

The New York Times reports: A landmark report from the United Nations’ scientific panel on climate change paints a far more dire picture of the immediate consequences of climate change than previously thought and says that avoiding the damage requires transforming the world economy at a speed and scale that has “no documented historic precedent.” The report, issued on Monday …

Read More »

NOAA: Global Carbon Dioxide Levels Hit Record High

Stand by for EPA head Scott Pruitt to denounce this as fake news: Atmospheric carbon dioxide levels hit a new high last year and have only continued to climb in the first two months of 2017, federal scientists reported Friday. The concentration of carbon dioxide in the atmosphere at a U.S. observatory in Hawaii rose by 3 parts per million …

Read More »