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For the first time in two years, the Federal Energy Regulatory Commission late last week approved a Liquefied Natural Gas (LNG) export project — the Calcasieu Pass in Cameron Parish, Louisiana — after the Commission’s two Republican commissioners and one of the two Democratic commissioners agreed to use a new approach for consideration of direct greenhouse gas (GHG) emissions from LNG facilities.
According to The Wall Street Journal, fracking companies are seeing their sources of capital on Wall Street dry up as investors are looking elsewhere given that many of the frackers have been operating at a loss for more than a decade. The lack of capital to keep these companies liquid is forcing them to cut costs and plan for slower growth. This is particularly true for small companies with lots of debt, but it is also happening to larger companies that are desperately trying to meet earnings targets set by their Wall Street lenders.
The Trump Administration did the expected and yesterday nominated Acting Secretary of Interior David Bernhardt, a former oil industry lobbyist and the top lawyer at Interior under Bush ’43 to take the top slot and officially replace Ryan Zinke. Most industry experts expect that he will continue to push for expanding oil and gas drilling, […]
In Oregon, there is a fossil fuel infrastructure project undergoing permitting and approval that is stirring up controversy, putting the newly re-elected Governor of the state, Kate Brown, on the spot over her campaign promise to tackle the issue of climate change. The Jordan Cove liquefied natural gas (LNG) export terminal and its Pacific Connector Gas pipeline would transport fracked natural gas from Colorado all the way to Oregon’s coast, where it would be super-cooled into liquid form and loaded on ships in the terminal bound for international markets. A huge crowd of protesters attended a state hearing on the project expressed grave concerns about the large quantities of soil that would need to be displaced in order to install the proposed three-foot wide pipeline, spanning 229 miles, 78 wetlands, and 485 waterways across the state through four Oregon Counties.
The Revelator, a publication of the Center for Biological Diversity, reported on a new study that found that “fresh” groundwater is 50% less plentiful in several key U.S. regions than scientists previously believed. Therefore, digging deeper to find groundwater that is drinkable (not too salty or contaminated) is an increasingly infeasible answer to water shortages across the country.
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