Energy, Mining & Utilities
The leader of Bolivia on Thursday ruled out compensating oil companies for nationalized oil and gas fields as he came under questioning from European officials at the start of a high-level meeting on energy and trade.
Entergy, one of the largest utilities in the U.S., has enjoyed healthy profits since Hurricane Katrina. Yet its New Orleans subsidiary has filed for bankruptcy, and frightened ratepayers with visions of bills bloated to 140% of their pre-storm size. Now the Fortune 500 company is threatening to pull the plug on New Orleans if it doesn't get a $700 million-plus federal bailout it doesn't actually need.
We interrupt our regularly scheduled sense of decency for the following heart-breaking news bulletin: A huge tobacco company is spreading disease across our state with help from Williams Alaska Petroleum and Tesoro Alaska.
Range Resources, a Texas company, bullied the federal government into dropping a scientific report on environmental contamination caused by fracking, a new investigation has just revealed. This comes on the heels of two major pro-fracking academic reports that had to be withdrawn in 2012.
The federal government and Alaska said today that they would seek to get the Exxon Mobil Corporation to pay an additional $92 million to clean up the lingering effects of the 1989 oil spill caused by the crash of the tanker Exxon Valdez.
On June 23, James Hansen, a leading world climate scientist, called for the executives of major fossil fuel companies, including ExxonMobil and Peabody Energy, to be put on trial for crimes against humanity and nature through actions like funding climate skeptics to undermine global consensus around combating climate change.