Schwarzenegger wants to sue Big Oil for ‘First Degree Murder’
Arnold Schwarzenegger has announced that he is taking oil companies to court “for knowingly killing people all over the world.” “This is no different from the smoking issue. The tobacco industry knew for years and years and years and decades, that smoking would kill people, would harm people and create cancer, and were hid [...]
Nord Stream 2 to Squeeze Poland Out of European Gas Market
Germany has allowed Russia’s Gazprom to build and operate the Nord Stream 2 gas pipeline in the country’s territorial waters. The decision comes as bad news for Poland, which fears Nord Stream 2 would will increase Europe’s dependence on imported Russian gas. [...]
Solar Import Tariff: Pain Without Benefit
The new 30% import tariff just imposed on imported solar panels and solar cells is a protective tariff without benefit. It will not revive the declining U.S. silicon solar cell industry. It will harm U.S. workers in factories manufacturing solar panels using imported solar cells. It will hurt the rapidly expanding ind [...]
PetroChina’s biggest refinery doubles Russian pipeline oil intake
Since the new Russia-China oil supply agreement took effect at the start of the year, PetroChina’s largest refinery has almost doubled the amount of Russian pipeline crude oil that it is processing. A senior industry source with direct knowledge of the volumes told Reuters, the 410,000-bpd PetroChina refinery in the northeast [...]
New York sues oil giants to fund climate change defenses
Plans by the City of New York to sue and divest $5 billion worth of pension funds from oil companies accused of harming the environment have been heralded as a major step by environmentalists. New York City Mayor Bill de Blasio announced on Wednesday that trustees of the city’s $191 billion pension fund are devising ways to di [...]
US has to buy Russian natural gas as consumer prices soar
Russia will deliver liquefied natural gas (LNG) to the US, Kommersant daily reports. The reason for the deal is the sharp rise in gas prices on the east coast of the US. An LNG tanker belonging to French energy company Engie is now shipping from the British port of Isle of Grain to an American terminal, Everett, located near Bos [...]
Russia Claims To Have Invented Alternative To Fracking
Russian scientists and local oil field services companies claim to have created a technology for thermochemical gas fracturing that could be an alternative to hydraulic fracturing and could increase oil production by between 1.7 and 6 times, Russia’s news agency RIA Novosti reports, citing the University of Tyumen’s press s [...]
Turkish Stream Pipeline Will Be Built on Time Despite US Sanctions – Minister
The Turkish Stream gas pipeline project will be implemented on time, regardless of the new US law that expands sanctions against Moscow, Russian Energy Minister Alexander Novak said Friday. Novak explained that the contracts concerning the construction of the gas pipeline were concluded, and the construction was underway. [...]
Iran Resumes Oil Swap Operations in Caspian Sea for 1st Time in 7 Years
Iran has resumed oil swap operations in the Caspian Sea in a bid strengthen the country’s strategic position in the region, local Mehr news agency reported Monday. An oil tanker arrived to Neka terminal earlier in the month to discharge oil for swapping purposes for the first time in seven years, the Iranian Petroleum Mi [...]
Crude prices continue to crash on growing US stockpiles
Oil prices continued to fall on Thursday after substantial losses the previous day, dragged down by a surge in US inventories. The major benchmarks were down over a dollar with Brent crude trading at $51.87 per barrel. [...]
The Sun King: China Becomes World’s Largest Solar Energy Producer
China has become the world’s largest producer of solar energy, according to a new report from the country’s energy administration. The most populous nation on Earth nearly doubled their capacity for solar power in 2016, but they still have a very low per-capita rate for solar power use. [...]
World’s Banks Driving Climate Chaos with Hundreds of Billions in Extreme Energy Financing
Turning their backs on climate science and the consensus of governments and civil society across the globe, the world's biggest banks are dangerously advancing the climate crisis by pumping hundreds of billions of dollars into the world's most polluting fossil fuel industries, according to a new report published Tuesday. [...]
Overpowered: Too much solar electricity makes Chile give it away for free
Chile’s main solar power plants are supplying so much electricity that they have to give it away for free or face prices going down. The glut has been driven by the country’s booming copper industry. Chile’s growing energy demand has prompted the development of 29 solar farms to supply the central grid. [...]
Renewable Windfall as Germany’s Green Energy Meets 90 Percent of Demand
Germany, the fourth-largest economy in the world and a leader in renewable energy, produced so much energy this weekend from its solar, wind, hydro, and biomass plants that power prices went into negative territory for several hours. Consumers were being paid to use energy. [...]
Paris may ban imports of US shale gas – minister
French Energy Minister Segolene Royal said she is examining legal means to ban the import of shale gas from the United States. According to media reports, she told lawmakers in the National Assembly that France should prohibit fracked gas imports within its borders due to a ban on hydraulic fracking introduced for environment [...]
‘Biggest bribery scandal’: US, UK, Australia launch probe into mass oil industry corruption
An investigation into a massive global oil bribery scandal has been launched by authorities in the US, Britain, and Australia, after leaked confidential files indicated that some of the world’s most powerful corporations were part of the racket. [...]

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