ExxonMobil Plans to Emit 21 Million Additional Tons of Carbon Per Year

ExxonMobil Plans to Emit 21 Million Additional Tons of Carbon Per Year

by Natasha Lasky, ODP Contributing Writer    Leaked internal documents from Exxon Mobil reveal that the corporation is planning for an increase in its annual carbon emissions by as much as the output of the entire nation of Greece. While plummeting oil prices in April drove Exxon to cut a third of its spending budget, […]

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Trump Extends Offshore Drilling Ban to NC and VA AND Offshore Wind

Trump Extends Offshore Drilling Ban to NC and VA AND Offshore Wind

After reading the fine print, it turns out President  Trump’s memo issued over the weekend extending his 10-year offshore oil and gas drilling ban from Florida all the way up the East Coast to Virginia, contains a poison pill — it also bans offshore wind development.

Why This Matters:  It is disappointing from both a climate change perspective, but also because the offshore wind farm leases were selling for hundreds of millions of dollars all of which would be paid to the government.

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A Methane Pandemic: Millions of Abandoned Wells Are Leaking into the Atmosphere

A Methane Pandemic: Millions of Abandoned Wells Are Leaking into the Atmosphere

As the candidates debate fracking, millions of abandoned natural gas wells are leaking literally tons of methane into the atmosphere, and there’s no fix in sight. There are an estimated 3.2 million abandoned oil and gas wells in the United States, and an estimated 29 million worldwide.

Why This Matters:  Methane leaks are dangerous — they have led to reports of tap water catching fire, toxic groundwater, and fatal explosions, all of which have been motivators for the federal government to track and seal these wells.

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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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Interview of the Week: Senator Martin Heinrich of New Mexico click button

Interview of the Week: Senator Martin Heinrich of New Mexico

We caught up with the Senator this week, as Congress is getting back to work, and talked with him about the raging wildfires and climate change, the clean energy economy, the Great American Outdoors Act, and what he’s got on the shelf behind him in his office!  Watch the full interview by clicking above.

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Trump Extends Drilling Ban In Eastern Gulf Plus Atlantic Coast of Florida, Georgia and SC click button

Trump Extends Drilling Ban In Eastern Gulf Plus Atlantic Coast of Florida, Georgia and SC

Yesterday the President traveled to Florida and in a surprising reversal (or “ambush” if you are an oil and gas lobbyist) of a draft plan he put in place two years ago that would open virtually the entire U.S. ocean to oil and gas drilling, he signed an order banning offshore drilling in the Eastern […]

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