Rolling Stone

Fri, 2013-08-16 10:51Steve Horn
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Warren Buffett Buys Over $500 Million of Suncor Tar Sands Stock, Latest in "Dirty Deeds Done Dirt Cheap"

Warren Buffett - the fourth richest man on the planet and major campaign contributor to President Barack Obama in 2008 and 2012 - may soon get a whole lot richer.

That's because he just bought over half a billion bucks worth of Suncor Energy stock: $524 million in the second quarter of 2013, to be precise, according to Securities and Exchange Commission filings. Suncor is a major producer and marketer of tar sands via its wholly owned subsidiary Petro-Canada (formerly Sunoco) and this latest development follows a trend of Buffett enriching himself through dirty investments and deal-making. 

So far in 2013, Suncor (formerly Sun Oil Company) has produced 328,000 barrels per day of tar sands crude.

Though he receives far less negative press than the Koch Brothers, Buffett's no deep green ecologist. Not in the slightest. 

Referred to as one of 17 “Climate Killers” by Rolling Stone's Tim Dickinson in a January 2010 story, Buffett owns the behemoth holding company, Berkshire Hathway. It's through Berkshire that he's making a killing - while simultaneously killing the ecosystem - through one of its most profitable wholly-owned assets: Burlington Northern Santa Fe (BNSF).

Buffett purchased BNSF for $26 billion and was “the largest acquisition of Buffett's storied career,” Dickinson wrote.

BNSF hauls around frac sand for the controversial horizontal oil and gas drilling process known as “fracking.” The rail company also moves fracked oil from North Dakota's Bakken Shale basin, tar sands logistical equipment and tar sands crude itself and tons of coal. And not only does Buffett's BNSF haul around ungodly amounts of coal, he actually owns coal-burning utility companies, too.

Sat, 2013-04-13 10:41Brendan DeMelle
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DeSmog's Kevin Grandia Featured in Rolling Stone's Fossil Fuel Resistance Edition

Kevin Grandia, DeSmog's former Managing Editor and current senior consultant, is featured in this month's Rolling Stone magazine.

Kevin Grandia: The Muckraker, as Rolling Stone aptly calls him, is recognized for his excellent work in the aftermath of Climategate especially. As long-time DeSmog readers will remember well, Kevin read every page of the stolen emails and worked overtime to educate reporters about the way that climate deniers had ginned up a fake controversy out of thin air. 

Rolling Stone's Jesse Hyde writes:

Grandia hopes something like that never happens again – which is why he now helps run DeSmogBlog, a Canadian website that does daily battle with climate change skeptics, aggregating the best research on global warming and dissecting misinformation campaigns backed by right-wing think tanks. He's traced much of the money that funds anti-global-warming research back to the fossil fuel industry and found that some of the most outspoken skeptics once worked for Big Tobacco. “They're using the exact same tactics they used to convince people smoking doesn't cause cancer,” Grandia says. “It's a tactic that's been around forever. You can muddle up a debate for a long time just by creating doubt.”

Grandia is featured alongside Tim DeChristopher, James Hansen, Maria Gunnoe, Sandra Steingraber and a dozen other incredible fossil fuel resisters in Rolling Stone. And of course, don't miss Bill McKibben's article about the climate movement rising to challenge the fossil fuel status quo.

Congrats to Kevin from the DeSmog team! 

Wed, 2013-01-09 16:00Farron Cousins
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RFK, Jr. & Bill McKibben: Time To Act On Climate Change

Originally published on Ring of Fire

New reports have come out this week showing us that 2012 was officially the hottest year on record.  North America alone was plagued with hurricanes, tornadoes, droughts, floods, blizzards, and numerous other forms of weather that have almost all been linked back to anthropogenic climate change. 

Earlier this week, Ring of Fire Radio’s Robert F. Kennedy, Jr. spoke with 350.org founder Bill McKibben about the threat of climate change and what President Obama needs to do during his second term to address the problem.  The transcript of that conversation follows, and the interview will run this weekend on the Ring of Fire radio program:

Wed, 2012-08-01 08:05Brendan DeMelle
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A "War on Shale Gas"?

Since late 2009, there’s been a slowly-growing wave of attacks from the unconventional oil and gas industry on media outlets that cover the controversies surrounding hydraulic fracturing (fracking) and other shale gas practices. Reporters who write for publications ranging from Rolling Stone to Reuters to the New York Times have had their professional bona fides called into question after unearthing documents and facts that challenge claims that fracked shale gas is cheap, abundant, and clean.

These industry attacks on media occur against the backdrop of a larger campaign to establish unconventional oil and gas at the forefront of the nation’s energy options.

Only a few years ago, it seemed likely that gas would increasingly be a mainstay of power generation, especially in the wake of high profile disasters like the Massey Upper Big Branch coal mine disaster and the BP oil gusher in the Gulf of Mexico. The industry (at the time) received support from surprising allies like the Sierra Club and the Center for American Progress. Fukushima tarnished the nuclear industry, further shifting momentum towards shale gas for utility-scale electricity generation.

But a popular movement fueled by growing concerns about water contamination and public health impacts posed by fracking, coupled with a clearer look by press and by Wall Street analysts at the industry’s claims, has threatened to derail the ascendency of unconventional gas.

Quite often, rather than responding to the issues raised in a responsible fashion, industry PR shops have questioned the motives and qualifications of journalists who investigate the problems with shale gas development, and especially those who delve into the industry’s economic prospects.

Wed, 2011-06-22 16:21Richard Littlemore
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Al Gore Roasts Obama Over Climate Position

In a scorching, 7000-word article in the coming issue of Rolling Stone, Al Gore savages mainstream media for its incompetent reporting of climate change and roasts President Barack Obama for failing to advance policies against global warming any more quickly than his woeful predecessor.

Gore is clear, quotable and uncompromising in stating his own case:

“Here is the truth: The Earth is round; Saddam Hussein did not attack us on 9/11; Elvis is dead; Obama was born in the United States; and the climate crisis is real. It is time to act.”

But after making the case for reality in climate reporting - and crediting Obama for some early efforts -  Gore says this:

“But in spite of these and other achievements, President Obama has thus far failed to use the bully pulpit to make the case for bold action on climate change. After successfully passing his green stimulus package, he did nothing to defend it when Congress decimated its funding. After the House passed cap and trade, he did little to make passage in the Senate a priority. Senate advocates — including one Republican — felt abandoned when the president made concessions to oil and coal companies without asking for anything in return. He has also called for a massive expansion of oil drilling in the United States, apparently in an effort to defuse criticism from those who argue speciously that “drill, baby, drill” is the answer to our growing dependence on foreign oil.”

Tue, 2011-02-01 18:21TJ Scolnick
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Senator Rockefeller Takes A Turn At Subverting EPA Authority To Use The Clean Air Act

Advocates of congressional action on global warming had a “case of the Mondays” this week. Not to be outdone by his Republican colleaguesSenator Jay Rockefeller (D-WV) introduced his own legislation to freeze federal efforts to curb carbon emissions.

If enacted, bill S.231 will not be as disastrous as Senator John Barrasso’s (R-WY) Defending Affordable Energy and Jobs Act, but it will nonetheless prevent (or suspend) the Environmental Protection Agency (EPA) from using the Clean Air Act to regulate carbon emissions from stationary sources like power plants and refineries, for two years.

While Rockefeller has described the perils of global warming pollution: “Greenhouse gas emissions are not healthy for our Earth or for her people, and we must take serious action to reduce them,” he has also led the charge amongst centrist and dirty energy funded Democrats to prevent the EPA from using clean air laws to protect public health and the environment from global warming pollution. Indeed, for his efforts, Rolling Stone named him no.9 on its list of 12 politicians and executives blocking progress on climate action.

Since 1999, he has received some $368,850 from coal and oil interests, and during the 2005-2010 period $130,300 from the Mining industry and $107,550 from Electric Utilities He has also received close to $40,000 from Peabody Energy, the world’s largest publicly held coal company, and whose CEO Gregory Boyce ranked no.4 on the Rolling Stone list.

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