As previously mentioned, ExxonMobil reported a net profit of $5.5 billion in Q1 this year, more than doubling its earnings from the first quarter of 2021. The UK appears to have dealt with this fairly and effectively. They don’t have …
Tag: fossil fuel industry
Who Cleans Up the Mess Left By the Fossil Fuel Industry?
What Noam Chomsky says here is, of course, true. It’s a broader, more generalized statement than what we say when we talk about the externalities of the fossil fuel world. They keep the profits, we all pay the price of …
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Tagged with: fossil fuel industry
ExxonMobil Sponsors Golfer–Not For Long
Pro golfer Abraham Ancer is tied for first place in the Saint Jude Invitational as I write this post. Hard to root for him given the name on his hat. I’m willing to bet that, in 10 years, no one …
A County in Washington State Sets New Rules Against Fossil Fuel Expansion, Celebrated as ‘Blueprint’ for Nation
From this article: “This is a landmark victory for the local communities who have stood up and held firm for over a decade to protect the climate, the Salish Sea, and their own health and safety.” In a move that comes …
Some Bad Days for Big Oil, and More To Come
As Bill McKibben notes here, it really hasn’t been a good couple of days for Big Oil. Are investors concerned about the baking of the planet at the hands of the fossil fuel industry, or are they worried about the …
ExxonMobil Rebel Shareholders Want To Confront Climate Change
An old friend, now a law professor at Georgetown, writes about this: Today is the showdown between ExxonMobil and rebel shareholders trying to convince the company to confront climate change and install four new independent directors. The vote will come …
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Tagged with: Divestment movements, fossil fuel industry, growing viability of electric transportation and popularity among consumers, Litigation from shareholders and potential criminal charges re: hiding what they knew about climate change and thus the value of their assets, no path from burning hydrocarbons to decarbonization, plummeting costs of renewables, showdown between ExxonMobil and rebel shareholders, World governments (especially in the EU) banning the sale of new internal combustion engines
Legitimacy of Solar Energy
A friend writes: Hi Craig, Is this piece on solar energy a real argument or a conservative pipe dream? I respond: The latter, as one might infer from the other content on the site.
Tagged with: coal industry is far from dead here in the U.S, costs of operating coal plants have risen dramatically vis-a-vis natural gas and renewables, Department of Energy, EPA, fossil fuel industry, intermittence of solar, Legitimacy of Solar Energy, long-distance power transmission, pumped hydro
Fossil Fuels: Boon and Bane
A tidbit for today from the Writer’s Almanac: On this date in 1859, petroleum was discovered in Titusville, Pennsylvania. It’s been called “the most important oil well ever drilled” because it marked the beginning of the modern petroleum age. Petroleum had been …
Environmental Protection Agency Under Attack
Since EPA administrator Scott Pruitt resigned in disgrace, the EPA hasn’t been in the news very much, as his replacement, Andrew Wheeler, though more effective in destroying the environment for the sake of profit, is an old hand at staying …
Transitioning to Renewable Energy
Implied in the meme here is the notion that the fossil fuel industry is good for the economy, but let’s examine that. It certainly has been true historically, in fact, most of the developments over the past couple hundred years …
