Economy & Business

"Government Loophole Gave Oil Companies $18 Billion Windfall"

"The United States government has lost billions of dollars of oil and gas revenue to fossil-fuel companies because of a loophole in a decades-old law, a federal watchdog agency said Thursday, offering the first detailed accounting of the consequences of a misstep by lawmakers that is expected to continue costing taxpayers for decades to come."

Source: NY Times, 10/25/2019

"E&E News Report Begets Possible Pebble Insider Trading Probe"

"Environmental group Earthworks wants an investigation into possible insider trading by an investor and others involved in EPA's actions surrounding the proposed Pebble Mine in Alaska, according to a formal complaint filed yesterday with the Securities and Exchange Commission, New Jersey Bureau of Securities and Financial Industry Regulatory Authority."

Source: Greenwire, 10/23/2019

Scientist Who Discredited Meat Guidelines Didn’t Report Past Food Industry Ties

"A surprising new study challenged decades of nutrition advice and gave consumers the green light to eat more red and processed meat. But what the study didn’t say is that its lead author has past research ties to the meat and food industry."

Source: NY Times, 10/21/2019

Leaked Audio Reveals How Coca-Cola Undermines Plastic Recycling Efforts

"For decades, Coca-Cola has burnished its public image as an environmentally caring company with donations to recycling nonprofits. Meanwhile, as one of the world’s most polluting brands, Coke has quietly fought efforts to hold the company accountable for plastic waste."

Source: The Intercept, 10/21/2019

Bank Regulators Give Dire Warning of Financial Risks From Climate Change

"Home values could fall significantly. Banks could stop lending to flood-prone communities. Towns could lose the tax money they need to build sea walls and other protections. These are a few of the warnings published on Thursday by the Federal Reserve Bank of San Francisco regarding the financial risks of climate change."

Source: NY Times, 10/18/2019

Despite Promises, Energy Giants Burn Away Vast Amounts of Natural Gas

"When leaders from Exxon Mobil and BP gathered last month with other fossil-fuel executives to declare they were serious about climate change, they cited progress in curbing an energy-wasting practice called flaring — the intentional burning of natural gas as companies drill faster than pipelines can move the energy away. But in recent years, some of these same companies have significantly increased their flaring ... ."

Source: NY Times, 10/18/2019

"Interior: BLM Chief's Financial Ties To Law Group Run Deep"

"The Bureau of Land Management's top official recused himself last month from decisionmaking tied to nearly five dozen organizations and individuals — including a two-year ban on clients represented by his former law firm — but newly disclosed documents show his financial ties to some of those interests will last a lifetime."

Source: Greenwire, 10/17/2019

"Revealed: The 20 Firms Behind A Third Of All Carbon Emissions"

"The Guardian today reveals the 20 fossil fuel companies whose relentless exploitation of the world’s oil, gas and coal reserves can be directly linked to more than one-third of all greenhouse gas emissions in the modern era.

New data from world-renowned researchers reveals how this cohort of state-owned and multinational firms are driving the climate emergency that threatens the future of humanity, and details how they have continued to expand their operations despite being aware of the industry’s devastating impact on the planet.

Source: Guardian, 10/15/2019

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