From the American Energy Society: US supermajor Chevron acquired Hess for $53 billion two weeks after Exxon Mobil purchased Pioneer Natural Resources for $60 billion and while BP doubled its YOY profits ($27B). Note: Many SMEs believe the sector’s historic performance is far from over and that the Permian Basin in Texas will likely remain the centerpiece of all activity in the foreseeable future.
I’m reminded of a boss/senior partner I had as a young man who liked to say, on occasions such as these, “Well at least now it’s getting real.”
Yes, the gloves are off, and Big Oil no longer seems to care that its standing in the world of PR is really no better than that of Hamas. They are baking the planet for profit, and there is not a goddamned thing we can do about it, at least in the short-term.
In the long-term, of course, we can electrify everything and that hope there is a path back to methane and CO2 levels that stabilize the climate here on the only planet we call home.
One Cost Item No Longer Necessary for Big Oil: Public Relations
A judge has ruled that New York State’s climate “superfund,” modeled after laws that provide money to clean up toxic waste, runs counter to federal law and is therefore invalid.Eventually, we will have laws that force companies whose actions are ruining the planet to pay for the remediation that must happen to avert environmental collapse. In the meanwhile, we need to expect the fossil fuel industry to continue its ruthless legal attack such legislation.
Climate “Superfund” Will Require Legislation at the Federal Level
The idea expressed at left, i.e., that Trump’s arch–or any single action Trump has taken towards self-aggrandizement is causing is approval rate to plummet–is fallacious.
Sure, a great many of his similar efforts, e.g., putting his name on the Kennedy Center, or issuing coins with his image on them, rankled our souls as Americans.
But let’s face facts, Trump’s approval rating is hovering at just above 30%, meaning that about one-third of U.S. voters don’t care that he’s a petty, spoiled child, a convicted felon, and one of the most despicable people in the history of humankind.
There Is No Single Act that Would Crash Trump’s Approval Rating
Here’s proof (as if any were needed) that Trump understands that he’s despised and knows that his claims that he’s “respected around the world” are total bullshit.
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Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
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Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
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Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
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Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
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Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
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Renewable Energy11 months agoSending Progressive Philanthropist George Soros to Prison?
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Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测
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Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits