InsideClimateNews.org -- As environmentalists began ratcheting up pressure against Canada's tar sands three years ago, one of the world's biggest strategic consulting firms was tapped to help the North American oil industry figure out how to handle the mounting activism. The resulting document, published online by WikiLeaks, offers another window into how oil and gas companies have been scrambling to deal with unrelenting opposition to their growth plans.
The document identifies nearly two-dozen environmental organizations leading the anti-oil sands movement and puts them into four categories: radicals, idealists, realists and opportunists—with how-to's for managing each. It also reveals that the worst-case scenario presented to industry about the movement's growing influence seems to have come to life.Read more »
InsideClimateNews.org — A well-heeled coalition of investors is asking top fossil fuel companies to calculate the risks of plowing billions into new oil, gas and coal projects. They fear that carbon emission limits and slowing demand will turn them into bad investments that leave investors worse off.
The requests, contained in letters sent to 45 companies last month, are part of an initiative aimed at persuading oil producers and others to rein in their quest to stockpile more carbon energy. They hope to do so by tapping into growing concerns that climate policies and market factors could prevent companies from selling all of their reserves of fossil fuels, which are still growing fast.Read more »
InsideClimateNews.org -- At the U.S. Department of Energy's Washington, D.C. headquarters, the fourth floor feels like any other nondescript outpost of the federal bureaucracy. But the no-frills landscape of desks and cubicles belies the immensity of the job at hand.
Each day nearly 200 staffers scour loan applications, track billion-dollar debts and manage borrowers' credit risk as part of the department'sLoan Programs Office—one of the biggest clean energy finance shops in the world.Read more »
InsideClimateNews.org -- Tucked into letters the State Department has received from people seeking to influence its review of the northern segment of the Keystone XL pipeline are pleas from local officials, largely from Montana, who see the project as a lifeline for their strapped budgets.
Several mention offers by TransCanada, the pipeline operator, to help rebuild local bridges or other infrastructure projects. Others want the tax revenue or jobs the project would bring, even if those benefits might be temporary.Read more »
InsideClimateNews.org -- The 1940s-era construction process that ExxonMobil said caused an oil pipe to rupture in Arkansas earlier this year is a common and well-documented problem the pipeline industry has battled for decades—and one the industry believes can be detected and controlled with appropriate vigilance.
"With proper inspection and maintenance, these catastrophic events can be prevented," said Mohammad Najafi, a pipeline construction expert and engineering professor at the University of Texas at Arlington. "As pipelines exceed their design lives, they need more maintenance and a proper asset management strategy to prevent or minimize these ruptures."Read more »
InsideClimateNews.org — For nearly two years, refineries in the Midwest have been buying crude oil at steep discounts thanks to a glut of U.S. and Canadian oil. But drivers in the Midwest haven't seen a corresponding decrease in gasoline prices. In fact, they sometimes pay more at the pump than people in other parts of the country, even as windfall profits flow to BP, Koch Industries Inc. and other large Midwestern refiners.
"It's good to be a refiner," said Tom Kloza, chief oil analyst at the Oil Price Information Service, a company that tracks energy markets. "For 20 years, the rule of thumb was that if you made $5 a barrel east of the Rockies, that was a good profit for a refinery. Recently, we saw a period in the Midwest where refiners were making $40, or $50, or even $60 a barrel on gasoline."Read more »
InsideClimateNews.org — Since 2010, at least three ruptured pipelines have spilled oil into U.S. neighborhoods, forcing officials to decide quickly whether local residents would be harmed if they breathed the foul air. But because there are no clear federal guidelines saying if or when the public should be evacuated during an oil spill, health officials had to use a patchwork of scientific and regulatory data designed for other situations.
As a result, residents of the three communities received different levels of protection.Read more »
InsideClimateNews.org — The grand old building in downtown Berlin has seen some of the worst of German history: aerial bombing in World War II, a close-up view of the Berlin Wall, service as communist East Germany's highest court. But on May 24 an ornate conference room in the Ministry of Economics and Technology served as the setting for the delivery of a report card on a new and more hopeful chapter in Germany history: the country's ambitious effort to run its economy on non-polluting energy.
Germany has gone farther than any other large industrial economy in decarbonizing its power sector. Already it derives more than 20 percent of its electricity from clean sources, and it's aiming to reach 80 percent by 2050. But the sheer scale of its Energiewende, or "energy transition," has caused skeptics here and abroad to question whether those goals are really attainable.Read more »
InsideClimateNews.org — In 2008, Virginia resident Ruth McElroy Amundsen took her first stab at using shareholder activism to spur action on climate change—she introduced a resolution that challenged Dominion Resources Inc., Virginia's largest emitter of greenhouse gases, to get more of its electricity from renewables.
Since then the 51-year-old NASA engineer and mother of two has helped spark a growing movement to pressure Dominion to respond to global warming concerns. Last month, the informal network of 20 activists achieved its biggest success yet: Shareholders representing nearly a quarter of Dominion's shares voted "yes" on a proposal to require the utility to report to investors on the financial risks that climate change poses to its business.Read more »
InsideClimateNews.org — California is replacing oil with cleaner-burning fuels in cars and trucks, thanks to a landmark low-carbon fuel rule, according to a recent report. But the rule's fate is uncertain amid legal chaos and a shortfall in the production of clean biofuels.
The report, conducted by researchers at the Institute of Transportation Studies at the University of California, Davis, said California drivers saved more than two billion gallons of gasoline in the two years since the launch of the rule—about as much gas as the state uses in two months. The carbon emissions reduction is equal to taking half a million vehicles off the road.Read more »