"U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads while engulfed in the worst crisis the oil industry has faced."
"NextEra Energy Inc., the world’s largest utility owner by market value, says it’s poised to increase its dominance over other renewable power developers amid fallout from the coronavirus."
"The day Tom Steyer suspended his campaign for the Democratic presidential nomination, in late February, was the same day the first death from COVID-19 was reported in the United States."
"Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble."
"Lawmakers on the Senate Environment and Public Works (EPW) Committee have announced two pieces of draft legislation that together would invest $19.5 billion into the country’s water infrastructure."
"A coal mining company with ties to Scott Pruitt, and a handful of companies serving the oil and natural gas industry, are among the beneficiaries of a loan program Congress established to help small businesses get through the coronavirus pandemic."
Tracking the oil market — or more precisely, the price of oil — will tell you a great deal about environmental issues, whether it be fracking, pipelines, land use, toxic emissions or more. The latest Reporter’s Toolbox helps you follow the data for your stories. Plus, a Backgrounder on Big Oil and how it drives not just energy but environment stories.
"The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just to get somebody to take crude off their hands."
The dramatic drop in demand for oil, driven by the shutdown of world economies by coronavirus, has meant a corresponding fall in prices. And that has profound environmental implications. But it’s a complicated dynamic to assess. Our Issue Backgrounder provides a look under the hood of Big Oil, and explains what it means for environment reporters. Plus, a Reporter’s Toolbox for tracking the data.
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