On Saturday, a Houthi rebel attack on a prominent Saudi oil field caused global oil prices to surge. As CNN reported “Several projectiles struck the Abqaiq plant, starting a series of fires that quickly took out nearly half Saudi’s oil production — 5% of the global daily output — and sparking fears about the security […]Continue Reading 441 words
We often hear that fossil fuels are heavily subsidized but by how much exactly? As Vox recently reported,” the International Monetary Fund (IMF) periodically assesses global subsidies for fossil fuels as part of its work on climate, and it found in a recent working paper that the fossil fuel industry got a whopping $5.2 trillion […]Continue Reading 542 words
A fire that erupted Sunday afternoon at the Intercontinental Terminals Company’s (ITC) petrochemical facility in Houston, TX is still burning and isn’t expected to be extinguished for two more days. As Grist reported yesterday, self-reported emissions data posted on the Texas Commission on Environmental Quality’s website showed that the blaze had sent more than 9 […]Continue Reading 352 words
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