oil

California Public Pension Funds Lost $5 Billion On Fossil Fuel Investments In One Year

Two of California’s massive public pension funds lost more than $5 billion on investments in coal, oil and natural gas in just 12 months.

According to a report released by environmental group 350.org, the California Public Employees' Retirement System (CalPERS) lost $3 billion and the California State Teachers’ Retirement System (CalSTRS) lost $2.1 billion from their holdings in the top 200 fossil fuel companies between June 2014 and June of this year.

Combined, the two funds lost a total of $840 million from their stock investments in coal companies alone — one-fourth of the value of their coal holdings.

California Oilfield Operators Refuse To Report Water Usage, In Violation Of The Law

How much water does California’s oil and gas industry actually use? We still don’t know, despite a 2014 law signed by Governor Jerry Brown that went into effect this year requiring companies to report on all water produced, used and disposed of by oilfield operations.

Oil and gas regulators with California’s Division of Oil, Gas and Geothermal Resources (DOGGR) missed the first reporting deadline, April 30, claiming they had simply received too much data to process in time. But now we know there was probably another reason: hundreds of companies had flat out refused to obey the law.

In fact, more than 100 companies still refuse to comply with the water reporting requirements altogether.

New Records Show More US Involvement in Mexico Oil, Gas Privatization Efforts as Mexican Government Says "100%" Its Idea

New records obtained by DeSmog shed further light on the role the U.S. government has played to help implement the privatization of Mexico's oil and gas industry, opening it up to international firms beyond state-owned company PEMEX (Petroleos Mexicanos).

Obtained from both the City of San Antonio, Texas and University of Texas-San Antonio (UTSA), the records center around the U.S.–Mexico Oil and Gas Business Export Conference, held in May in San Antonio and hosted by both the U.S. Department of Trade and Department of Commerce, as well as UTSA.

They reveal the U.S. government acting as a mediator between Mexico's government and U.S. oil and gas companies seeking to cash in on a policy made possible by the behind-the-scenes efforts of then-Secretary of State Hillary Clinton's U.S. State Department. State Department involvement was first revealed here on DeSmog, pointing to emails obtained via Freedom of Information Act and cables made available via Wikileaks.

California Father Sues State Over New Fracking Rules That Discriminate Against Latino Children

A California family is suing the state for failing to protect their children from fracking.

At issue are the state’s new fracking regulations, which went into effect on July 1. Rodrigo Romo, the named plaintiff in the suit, says the rules discriminate against Latino children, like his daughters, because they are far more likely to go to school or live near a fracked well.

“Everyday my daughters go to school, they fear for their health and safety because of how close the fracking wells are to their schools,” Romo said in a statement.

Thousands Of California Injection Wells Might Be Polluting L.A. Drinking Water, But State Won’t Release Results Of Investigation

Los Angeles

California oil and gas regulators still embroiled in controversy over their “corrupt, inept, and woefully mismanaged” underground injection control program — which permitted thousands of oilfield wastewater disposal wells to operate in protected groundwater aquifers — are refusing to release the results of a report on thousands more injection wells that could be polluting L.A.’s drinking water supply.

Senators Call For End To Arctic Drilling As Shell Gets Permits To Begin Work In Chukchi Sea

Shell received the final permits it needed to begin drilling exploratory wells in the Chukchi Sea last Wednesday, but a group of Senators led by Oregon's Jeff Merkley is calling for a ban on Arctic drilling altogether.

According to the Associated Press, the permits are somewhat conditional: In granting the company the green light, the Department of the Interior said Shell can only drill the top sections of wells, or to about a depth of 1,300 feet, because critical emergency response gear, including a well-capping device in the event of a blowout or leak, will not be present for the foreseeable future.

EPA Called On To Stop States From Permitting Polluting Facilities Through Discriminatory Processes

The US Environmental Protection Agency was recently called on to respond to a decade’s worth of complaints regarding discriminatory practices on the part of states issuing permits to polluting facilities sited in marginalized communities already overburdened by environmental degradation.

A lawsuit filed in a US District Court for the Northern District of California seeks to compel the agency to fulfill its duty to enforce Title VI of the Civil Rights Act, which prohibits discrimination on the basis of race, color, and national origin in programs and activities that receive financial assistance from the federal government.

Nexen’s Brand New, Double-Layered Pipeline Just Ruptured, Causing One of the Biggest Oil Spills Ever in Alberta

A pipeline at Nexen Energy’s Long Lake oilsands facility southeast of Fort McMurray, Alberta, spilled about five million liters (32,000 barrels or some 1.32 million gallons) of emulsion, a mixture of bitumen, sand and water, Wednesday afternoon — marking one of the largest spills in Alberta history.

According to reports, the spill covered as much as 16,000 square meters (almost 4 acres). The emulsion leaked from a “feeder” pipe that connects a wellhead to a processing plant.

At a press conference Thursday, Ron Bailey, Nexen vice president of Canadian operations, said the company “sincerely apologize[d] for the impact this has caused.” He confirmed the double-layered pipeline is a part of Nexen's new system and that the line's emergency detection system failed to alert officials to the breach, which was discovered during a visual inspection. 

Emails: Enbridge Attorney, Lobbyist Wrote Provisions into Wisconsin Budget for "Keystone XL Clone" Pipeline Leg

Emails reveal that an attorney and lobbyist for Canadian pipeline company giant Enbridge helped draft the controversial provision placed into the 2015 Wisconsin Budget set to fast-track expansion of the company's Line 61 pipeline. 

The emails, published by the Wisconsin Legislative Reference Bureau and first covered by Wisconsin Public Radio, emerge just months after DeSmog revealed emails showing Enbridge's attorney for its border-crossing Alberta Clipper expansion project proposal, which connects to Line 61 in Superior, Wisconsin, doing much the same to curry favor with the U.S. Department of State to fast-track permitting for that project.  

Together, Alberta Clipper (also called Line 67) and Line 61 are two parts of the four that make up the broader “Keystone XL Clone” pipeline system. That system carries tar sands bitumen extracted in Alberta down to Gulf coast refineries and the global export market.

Florida Town Bans Fracking, But Will It Last?

The South Florida town of Bonita Springs has officially banned fracking. The city council voted early Wednesday to ban all types of well stimulation techniques to extract fossil fuels, which includes fracking, within the city limits.

Bonita Springs has now become the second municipality in the state of Florida to enact a ban on fracking.

Pages

Subscribe to oil