big oil

Big Oil taking $1.9 billion in CARES Act tax breaks aimed at helping small businesses in ‘Stealth bailout’: report

“OIL CAPITALISM — Diamond Offshore takes $9.7m from American taxpayers, then earmarks the same amount to execs as bankruptcy bonuses.” “The Trump administration’s favor factory hasn’t stopped with a global pandemic,” Accountable.US spokesperson Jayson O’Neill said in a statement Friday. “As millions of jobs disappear week after week, the Trump administration is prioritizing aid for …

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Court vacates nearly 300 oil and gas leases on public lands

“The Bureau of Land Management was well aware that current oil and gas drilling practices would not protect sources of drinking water in these Montana communities, but rushed the sale anyway,” Forsyth added. “ Court vacates nearly 300 oil and gas leases on public lands The HILL: By Rachel Frazin – 05/04/20 A federal court …

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Critics Decry ‘Massive Step in Wrong Direction’ as Big Banks Move to Buy Up Fracking Industry Assets With Coronavirus Bailout Funds

Disaster Capitalism:”For banks to take over the oil and gas companies, economic journalist Doug Henwood told Common Dreams Friday, they will be using assurances of funding from the Federal Reserve included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March to combat the COVID-19 outbreak. Henwood said he found it “appalling” that public …

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Trump’s Move to Suspend Enforcement of Environmental Laws is a Lifeline to the Oil Industry

Senators Requesting Big Oil Bailouts Received Millions in Big Oil Donations Trump’s Move to Suspend Enforcement of Environmental Laws is a Lifeline to the Oil Industry Inside Climate News: The American Petroleum Institute sought the EPA’s help for companies hurt by COVID-19. One former EPA official called the suspension “an open license to pollute.” By …

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Did Exxon Deceive Its Investors on Climate Change?

“These lawsuits are an important step for society to free itself from the grasp of this lethal industry. Most directly, the suits can provide the billions necessary for communities to repair climate damages and fortify their infrastructure for the storms ahead. And if these cases are successful, Big Oil will finally be forced to assume …

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Trump administration pushes for Arctic drilling by arguing ‘there is not a climate crisis’

Climate deniers and anti-science administration are the last folks on the planet to acknowledge manmade climate change…… “The Bureau of Land Management’s statement is simply false and shockingly out-of-step with what mainstream science tells us,” said Brenda Ekwurzel, director of climate science for the Union of Concerned Scientists. “This is nothing more than a coordinated …

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