This U.S. Agency Lent Nearly $1 Billion to Fossil Fuel Projects in 2023

While much of the country was occupied last week with holiday travel and time with family, a little-known government agency approved a $90 million guarantee for ING Capital to finance a liquified natural gas export facility in Texas. All told Continue reading This U.S. Agency Lent Nearly $1 Billion to Fossil Fuel Projects in 2023

Fossil Fuel Execs Had a Fabulously Wealthy Year—and They’re Mad About It

Acquisitions go up or down in this industry depending on several factors. Companies that made record profits in 2022 have more cash to throw around. Many also expect oil prices to stay relatively low for the foreseeable future. In that Continue reading Fossil Fuel Execs Had a Fabulously Wealthy Year—and They’re Mad About It

So Reassuring: Climate Summit Head Sparks Outrage With Absurd Fossil Fuel Claim

This year’s oil magnate president of COP28, the United Nations–backed climate change summit, is desperately trying to walk back a string of incendiary comments in which he claimed there was “no science” behind the effort to phase out fossil fuels. Continue reading So Reassuring: Climate Summit Head Sparks Outrage With Absurd Fossil Fuel Claim

U.N. Climate Talks Are Crawling with Fossil Fuel Honchos and Flacks

By claiming they will at some point capture massive amounts of carbon dioxide, though, companies like ADNOC and ExxonMobil can sell world leaders on the comforting idea that not much has to change. Unfortunately, the climate models compiled by the Continue reading U.N. Climate Talks Are Crawling with Fossil Fuel Honchos and Flacks

Fossil Fuel Companies Are Plowing Ahead to Profit From Israeli Gas

The United States, for its part, approaches fossil fuels in the Eastern Mediterranean as both a business opportunity for American companies and a means to further its own diplomatic aims in the region, premised on the idea that economic interdependence Continue reading Fossil Fuel Companies Are Plowing Ahead to Profit From Israeli Gas

Fossil Fuel Demand Is Predicted to Peak by 2030. Oil Giants Are Betting Against It.

Chevron and Exxon have plenty of cause for optimism, though. The U.S. already accounts for 90 percent of new liquefied natural gas projects approved anywhere on earth since the start of 2022. Domestic crude oil production reached record levels this Continue reading Fossil Fuel Demand Is Predicted to Peak by 2030. Oil Giants Are Betting Against It.

Fossil Fuel Companies Are Taking Private Land—and Landowners Are Fighting Back

The majority of legal challenges to the Mountain Valley Pipeline have been concerned with environmental impact, and brought by organizations that include the Sierra Club, Appalachian Mountain Advocates, and the Wilderness Society. In July, legislation passed by Congress to suspend Continue reading Fossil Fuel Companies Are Taking Private Land—and Landowners Are Fighting Back