“Big Oil is intentionally profiteering off the war in Ukraine,” said one campaigner. “We need a Big Oil windfall profits tax.” Chevron and ExxonMobil announced Friday that their profits surged during the first quarter of 2022, prompting fresh calls for a windfall tax as the U.S.-based oil giants continue to exploit Russia’s war on Ukraine to […]
Russia’s Gazprom halted gas supplies Wednesday to Poland and Bulgaria, the latest step in the economic fight linked to Russia’s invasion of Ukraine. Russia has demanded that European nations, many of which rely on Russia for large portions of energy supplies, pay for natural gas in Russia’s currency, the ruble. Gazprom said Wednesday that Poland […]
Bonuses alone for executives at 28 of the top oil and gas companies combined topped $31 million combined. Research out Monday reveals that CEOs from 28 of the top oil and gas companies enjoyed a combined $394 million in total compensation in 2021, including through “eye-popping” bonuses that together topped $31 million. The analysis from Accountable.US, first reported by The Guardian, […]
Responding to soaring fuel prices, Alaska Governor Mike Dunleavy seeks to give Alaskans a break at the pump by suspending State motor fuel taxes until next June. Friday morning, Governor Dunleavy asked the Alaska House of Representatives to consider his amendment to House Bill 104. “With rising inflation eroding the financial bedrock of Alaskan homes […]
The administration “should not continue to defend unlawful drilling for oil and gas in public waters,” more than 70 climate groups write in a new letter. As the fossil fuel industry clamors for an appeal, the Biden administration on Tuesday faced pressure from environmentalists to adhere to a judge’s decision blocking a massive oil and gas lease sale […]
“The Biden administration’s official position is that they were forced to conduct this sale by the court,” said one activist. “But we’ve done our homework and we know that is not true.” When the Biden administration first announced in August that it would soon hold a massive auction of oil and gas drilling rights in the Gulf of […]
“The rapid rebound in emissions as economies recover from the pandemic reinforces the need for immediate global action on climate change.” After falling in 2020 due to coronavirus-related shutdowns, global carbon dioxide emissions are on pace to nearly reach pre-pandemic levels this year as powerful nations—including the United States—continue to burn fossil fuels at a dangerous clip. […]
The U.S. Fish and Wildlife Service has published final incidental take regulations (ITR) under the Marine Mammal Protection Act (MMPA) for the nonlethal, incidental, unintentional take of polar bears and Pacific walruses that may result from oil and gas industry activities on the North Slope of Alaska and adjacent waters. These regulations do not cover activities on lands and waters within the Arctic National Wildlife Refuge. These new regulations are in […]
“While this buys some time, the fight to protect this unique and pristine area is not over,” said an Environment America campaigner. “We’re calling on Congress to establish permanent protections.” Environmental campaigners in Alaska and across the country are cautiously celebrating the Biden administration’s Tuesday decision to suspend some fossil fuel drilling leases that were […]