FERC rejects Energy Secretary’s order to issue financial reprieve to coal companies
In response to the rise in renewable energy and natural gas, Energy Secretary Rick Perry asked FERC to “guarantee financial payments” to struggling coal and nuclear power plants. In a unanimous decision, FERC rejected Perry’s proposal and set forth a 60-day deadline for regional grid operators to report on their ability “to judge ‘naturally occurring and man-made threats’ to their systems.” FERC commissioner Cheryl LaFleur found that Perry’s proposal failed to demonstrate “a
New York City files suit against several major oil companies for their contribution to global warmin
NYC Mayor de Blasio announced a lawsuit which seeks to hold “the world’s five largest publicly traded oil companies” (BP, Chevron, Conoco-Phillips, ExxonMobil and Royal Dutch Shell) responsible for their purported share of “global-warming gases.” In his announcement, de Blasio also blasted the fossil fuel industry for their “complicity,” claiming the oil companies knew and sought to hide the fact that their activity and products had a negative effect on the climate. The suit
Oil output from fracking continues to steadily grow in the US, projected to reach record high
The U.S. Department of Energy and the Energy Information Administration (EIA) reported this month that oil output from U.S. shale oil drillers is continuing to grow, and will reach over 6.5 million barrels of output per day in February. The agencies stated that Shale drilling, commonly referred to as fracking, is “driving the recovery in U.S. oil production following a prolonged slump in oil prices.” The EIA predicts that 2018 will be the highest annual average on record of U
Coastal areas up to be auctioned off for oil drilling, while proposed Rule relaxes oil drilling safe
Heeding calls from President Trump to increase domestic energy production, the Interior Department proposed a “five-year continental shelf plan” which would auction off the rights to drill for oil in federal coastal areas in the Artic, the Atlantic and Pacific oceans, and the eastern Gulf of Mexico. The plan received immediate pushback from state lawmakers who opposed drilling off their respective state coasts not only on aesthetic grounds, but also because of spill risk fear
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