If there’s any silver lining to the global warming story these days, it’s that fossil fuel company stock prices are dropping even faster than global temperatures are going up. Investors aren’t buying the climate-denying baloney being peddled by the coal kings and oil barons anymore, as evidenced by this week’s bankruptcy announcement by Peabody Energy — the world’s biggest coal company.
Fossil fuel industry attacks proposed ballot measure as economically destructive
Feeling the increased pressure from health- and environment-minded citizens and communities, Colorado’s oil and industry reacted strongly to the news that a proposed fracking-regulation initiative is one step closer to reaching the statewide ballot box.
In the U.S. District Court case, the Sierra Club and WildEarth Guardians are challenging four leases that would permit fossil fuel companies to strip mine more than two billion tons of coal, and the conservation groups pointed out this week in a press release that the federal government is taking the absurd position that the leases won’t affect the amount of coal mined, the amount of coal burned, or the amount of carbon dioxide emitted into the atmosphere. Continue reading “BLM claims 2 billion tons of coal has no climate impact”→
Months of anti-coal protest end with deadly violence
Climate activists working to limit heat-trapping pollution from fossil fuels have faced serious crackdowns around the world in recent months, but this week, the showdown over climate change turned deadly in Bangladesh.
“We heard from many corners that now is not the time to offer oil and gas leasing off the Atlantic coast”
Environmental activists are claiming a partial victory in the ongoing battle over offshore oil and gas drilling after the Obama administration declared it will not offer any leases off the U.S. Atlantic coast. However, the federal government will offer new leases in the Gulf of Mexico and also in the Arctic Ocean, where fossil fuel development could lead to utter ecosystem devastation.
In a press release, Interior Secretary Sally Jewell said, “This is a balanced proposal that … focuses potential lease sales in areas with the highest resource potential, greatest industry interest, and established infrastructure. At the same time, the proposal removes other areas from consideration for leasing, and seeks input on measures to further reduce potential impacts to the environment, coastal communities, and competing ocean and coastal uses, such as subsistence activities by Alaska Natives.
“We heard from many corners that now is not the time to offer oil and gas leasing off the Atlantic coast,” Jewell said. “When you factor in conflicts with national defense, economic activities such as fishing and tourism, and opposition from many local communities, it simply doesn’t make sense to move forward with any lease sales in the coming five years.” Continue reading “Obama administration slows offshore oil and gas leasing”→