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Sun, 2014-04-06 11:18Sharon Kelly
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Responding to Investor Pressure, ExxonMobil Agrees to Disclose Fracking Risks

ExxonMobil, the nation's largest oil and gas company, will begin disclosing risks associated with shale drilling and fracking to investors, in response to a long-running campaign by a coalition of shareholders.

In February, the groups of investors in a handful of major oil and gas companies including Exxon, Chevron and EOG Resources, demanded for the fifth year in a row more information from companies about the risks associated with fracking. The motion won the support of over 30 percent of Exxon shareholders — an unusually strong showing for a shareholder resolution.

On Thursday, the investors’ coalition announced that Exxon was the first company to agree to disclose risks. The company will publish a report by September that will describe fracking’s potential harm to air quality, water and roads, as well as risks associated with the chemicals used. Exxon agreed to follow criteria identified in a 2013 report, cited by the coalition and called Disclosing the Facts: Transparency and Risk in Hydraulic Fracturing Operations, in which Exxon received a failing grade for its transparency.

We have seen the significant risks that come from hydraulic fracturing activities,” said New York City Comptroller Scott M. Stringer, custodian and investment advisor for the New York City Pension Funds’ $144 billion in assets, including $1.02 billion in ExxonMobil stock. “Corporate transparency in this arena is truly necessary for assessing risk and ensuring that all stakeholders have the information they need to make informed decisions.”

However, Exxon’s first report will not disclose data on methane leaks – information that shareholders argued strongly should be made public. Natural gas is primarily made of methane, a potent greenhouse gas that has climate changing effects over 80 times more powerful than carbon dioxide during the first two decades after it escapes to the Earth’s atmosphere.

Mon, 2014-03-31 20:31Carol Linnitt
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New IPCC Report: Climate Hazards a “Threat Multiplier” and the World is Not Ready

climate change, IPCC

Human interference with the climate system is occurring, and climate change poses risks for human and natural systems.” IPCC WGII AR5

Every five years or so thousands of scientists from around the world release a major report on the state of climate science. These reports from the Intergovernmental Panel on Climate Change (IPCC) are the most definitive source of information for understanding not only the planet’s geologic and climatic history, but how humans are now influencing earth’s systems, most notably by altering the composition of the atmosphere.

The second part of the most recent report, released today in Yokohama, Japan, focuses on the impacts of climate change and how well governments are adapting to those impacts. This newly-released portion of the report, from the IPCC’s Working Group II, does not bode well for the future of people on this planet. The report predicts massively negative effects on crops, extinction of species, devastating heat waves, acid oceans and geopolitical conflict.

And that’s being called a “conservative” outlook.

Sat, 2014-03-15 14:37Indra Das
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Debunked: Eight Things the U.S. State Keystone XL Report Got Wrong About the Alberta Oilsands

kris krug oilsands tar sands

Last week the Alberta government responded to the U.S. State Department's final supplemental environmental impact statement (FSEIS) on the Keystone XL project by emphasizing the province's responsibility, transparency, and confidence that the pipeline is in the “national interest” of both Canada and the U.S.

In a statement, Alberta Premier Alison Redford appealed to the relationship between the U.S. and Canada. Premier Redford pointed out that the FSEIS had “recognized the work we're doing to protect the environment,” saying that “the approval of Keystone XL will build upon the deep relationship between our countries and enable further progress toward a stronger, cleaner and more stable North American economy.”

Environment and Sustainable Resource Development Minister Robin Campbell also issued a statement, mentioning Alberta's “strong regulatory system” and “stringent environmental monitoring, regulation and protection legislation.”

Campbell's reminder that the natural resource sector “provides jobs and opportunities for families and communities across the country” was similar to Premier Redford's assurance that “our government is investing in families and communities,” with no mention made of corporate interests.

In order to provide a more specific and sciene-based response to the FSEIS report on Keystone XL, Pembina Institute policy analyst Andrew Read provided counterpoints to several of its central claims.

Fri, 2013-11-22 11:45Farron Cousins
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Report: Gas Industry’s Campaign Donations Reach Record Levels

As elected officials in Washington continue to mull the possibilities of setting stricter standards for fracking, the natural gas industry has decided to pull out all the stops to defeat these standards before they can even see the light of day.  A new report from Citizens for Responsibility and Ethics in Washington (CREW) shows that the industry’s campaign contributions are now at record levels as they battle politicians wishing to tighten the reins on fracking.

According to the report, natural gas campaign donations to politicians in states where fracking is taking off have risen by 231% in the last 8 years.  But the industry is also hedging its bets in non-fracking states, as donations to politicians in those areas saw an increase in donations of 131%. 

Melanie Sloan, executive director of CREW, isn’t surprised by the increase.  Of the report, Sloan said, “Like many industries under increasing scrutiny, the fracking industry has responded by ratcheting up campaign donations to help make new friends in Congress…As CREW’s report shows, the fracking boom isn’t just good for the industry, but also for congressional candidates in fracking districts.”

CREW goes on to explain where the bulk of the money is going:

Tue, 2013-09-24 11:53Connor Gibson
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VIDEO: Heartland CEO Confronted Over Barre Seid's Funding of IPCC Attacks

Yesterday, the Heritage Foundation hosted The Heartland Institute's CEO Joseph Bast, along with two of Heartland's contracted climate denial scientists (Willie Soon and Bob Carter), to present their new report that denies the seriousness of global warming. Greenpeace was there to ask Heartland about the report's funders, including billionaire Barre Seid, and to challenge Heartland's assertion that their work has any scientific validity (it doesn't). See the video for yourself.

Mon, 2013-09-23 20:01Farron Cousins
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Regulatory Negligence Endangers Texas Citizens As Eagle Ford Fracking Impacts Soar

There’s no denying that Texas is the state that dirty energy built.  It remains the single largest source of domestically produced oil in the United States, and currently has more fracking wells than any other state.  With an abundant supply of dirty energy money, the state government of Texas is completely owned by the dirty energy industry.

This trifecta of industry domination is playing itself out in southern Texas, in what has become a no man's land for federal regulators.

According to a new report by Earthworks, energy companies drilling in the Eagle Ford Shale basin are wreaking havoc on both the environment and the people, and federal regulators have essentially abandoned the area.  This exodus of oversight has led to an increase in environmental abuses by the dirty energy industry.

But it wasn’t always this way in Texas.  According to Earthworks, regulators have been present in the area, and even carried out some needed investigations into the damage caused by drillers.  

But what the regulators found was so horrible that they had to evacuate themselves, and that was the last that residents in the area heard from them.

Wed, 2013-07-24 08:27Farron Cousins
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Report Details Coal Industry's Pollution of Waterways, Political System

According to a new report, the coal industry’s pollution is contaminating our water supplies, our regulatory agencies, and even our political process.  The report, a joint project by the Waterkeeper Alliance, Clean Water Action, the Sierra Club, Earthjustice, and the Environmental Integrity Project, shows that when it comes to spewing toxic chemicals into our waterways, the coal industry is public enemy number one.

The report found that many coal plants across the country are releasing coal ash waste and scrubber waste without any federal oversight, and many are held to standards that are outdated and virtually limitless.  Many of the standards currently in place were written more than 30 years ago, and they do not include any regulations on toxic threats that had not yet been identified at the time the original rules were put in place.

A few highlights of the report, from the Sierra Club:

Of the 274 coal plants that discharge coal ash and scrubber wastewater into waterways, nearly 70 percent (188) have no limits on the toxics most commonly found in these discharges (arsenic, boron, cadmium, lead, mercury, and selenium) that are dumped directly into rivers, lakes, streams and bays.

Of these 274 coal plants, more than one-third (102) have no requirements to monitor or report discharges of these toxic metals to government agencies or the public.

A total of 71 coal plants surveyed discharge toxic water pollution into rivers, lakes, streams and bays that have already been declared impaired due to poor water quality. Of these plants that are dumping toxic metals into impaired waterways, more than three out of four coal plants (59) have no permit that limits the amount of toxic metals it can dump.

Nearly half of the coal plants surveyed (187) are operating with an expired Clean Water Act permit. 53 of these power plants are operating with permits that expired five or more years ago.

Sat, 2013-02-16 12:53Farron Cousins
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Industry Funded Front Group Attacks Government Estimates Of Oil Drilling Revenues

The Congressional Budget Office (CBO) recently released a report detailing the many ways in which expanded oil exploration and drilling in federally protected areas would not yield an overall economic benefit for the United States.  The CBO report says that the revenue generated by these operations would take too long to come to fruition, and that our current areas of drilling are where the real money is in this situation.

But the dirty energy industry will never go down without a fight, so they had their friends at the Institute for Energy Research (IER) fund a study that showed that the CBO was way off the mark with their estimates.  IER has received funding from both Exxon and Koch Industries.

Fri, 2013-01-25 06:00Farron Cousins
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Renewable Energy Capacity Surging, But America Betting On Shale Gas

A report from the Federal Energy Regulatory Commission's Office of Energy Projects says that, in 2012, the capacity for renewable energy electrical generation accounted for almost 50% of all new installations for energy projects in the United States.  This includes solar, biomass, geothermal, and water-based generation capacity.

On top of making up nearly half of all new installation, renewable energy generation capacity also increased by 51% over the previous year.

However, generation capacity and actual electrical generation are two very different things, and total renewable generation for the year 2012 only amounted to about 13% of total energy production last year in the U.S.

The amount of renewable energy produced in the U.S. last year was slightly less than the global average of 15%, meaning that America is not too far off the mark compared to the rest of the world.  The UN Framework Convention on Climate Change has set a worldwide goal of 30% renewable energy by the year 2030, but they currently remain pessimistic about the ability of countries to achieve that goal, and believe that there could be at least a nine-percentage point deficit between reality and their goal.

So why the pessimism in the face of good news from the U.S.?  The answer is shale gas.

Tue, 2013-01-22 17:54Carol Linnitt
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Approaching the Point of No Return: The World's Dirtiest Megaprojects We Must Avoid

Canada's tar sands are one of 14 energy megaprojects that are “in direct conflict with a livable climate.”

According to a new report released today by Greenpeace, the fossil fuel industry has plans for 14 new coal, oil and gas projects that will dangerously increase global warming emissions at a time when massive widespread reductions are necessary to avoid catastrophic climate change. In conjunction these projects make it very likely global temperature rise will increase beyond the 2 degrees Celsius threshold established by the international community to levels as high as 4 or even 6 degrees.

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