2019 May Have Been Peak Year For Oil  Demand, BP Trying to Pivot

2019 May Have Been Peak Year For Oil Demand, BP Trying to Pivot

Yesterday, the world’s leading oil producers, the Organization of Petroleum Exporting Countries (OPEC), projected a larger decrease in oil demand than was predicted earlier in the pandemic.  The Hill reported that OPEC predicts oil demand will drop by 9.46 million barrels per day (bpd) rather than 9.06 million bpd. 

Why This Matters:  Big oil and gas companies like BP may be trying to put a good face on the bleak prognosis for oil, while they try to remain sunny about gas.

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BP Commits To Slashing Its Oil and Gas Operations, A Necessary Step for Climate Action

BP Commits To Slashing Its Oil and Gas Operations, A Necessary Step for Climate Action

As Greentech Media reported, oil and gas giant BP announced yesterday that it will cut its oil and gas output by 40% by 2030 and increase its low-carbon investment tenfold by then as it begins to detail its 2050 net-zero strategy. This announcement comes after BP head of strategy Giulia Chierchia told investors on a […]

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Ten Years Ago, An Explosion and the Worst Environmental Disaster In History Ensued

Ten Years Ago, An Explosion and the Worst Environmental Disaster In History Ensued

Late on April 20, 2010, the deepest oil well in history at that time (operating at a vertical depth of 35,050 feet) exploded killing 11 people and it began spewing oil.  An estimated 210 million gallons flowed into the ocean over the course of 87 days.

Why This Matters:  It is a faded memory, but for those who lost everything in the spill, it is hauntingly familiar to the current COVID crisis.

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Ten Years Later, Deepwater Horizon Oil Spill Still A Threat To Gulf Natural Resources

Ten Years Later, Deepwater Horizon Oil Spill Still A Threat To Gulf Natural Resources

Numerous organizations (Oceana, National Wildlife Federation, and Skytruth among others) have looked back at the impacts of the Deepwater Horizon Oil Spill on the Gulf of Mexico in the ten years since — and sadly, the impacts of the worst oil spill in history are still being felt on Gulf resources — dolphins, turtles, whales, birds among others — and the risks of another catastrophic spill are still high.

Why This Matters:  I (Monica) was involved from day one of the response to the spill and through the early restoration work for two years after it ended, and we tried mightily to minimize the damage and begin restoration immediately

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New Study Recommends Billions for Gulf Restoration Projects

New Study Recommends Billions for Gulf Restoration Projects

The National Audubon Society published a new report yesterday calling for the largest ecosystem restoration effort ever attempted — a $1.7-billion slate of distinct restoration projects spanning the states of Mississippi, Texas, Alabama, Louisana, and Florida.  The funding for these projects is available due to the $20B settlement in the Deepwater Horizon oil spill litigation.  

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