Amidst an global economic crisis and multiple management controversies, Terry and Kim Pegula, launched a new fracking venture that has drawn investment from – and a board seat for – the pro-fracking former Governor of Pennsylvania.
Tag: oil
Obama Energy Secretary Ernest Moniz joins board of third largest carbon polluter
Obama cabinet member who touted fracking has joined the board of a company that funded climate change denial, fought the Clean Power Plan, and emits more carbon dioxide than all but two companies.
Who is pushing Bayou Bridge Pipeline and who will profit from it?
Our report on the power behind Bayou Bridge Pipeline reveals that former Senator Mary Landrieu has been working on behalf of Energy Transfer Partners as well as for a key regulator who has not yet approved the pipeline.
Debt vultures behind Puerto Rico austerity are also fueling climate change
Hedge funds behind the austerity-driven humanitarian crisis in Puerto Rico are also fueling climate change with equity investments in fossil fuel companies whose emissions supercharged the hurricanes that devastated the island.
Eyes on the Ties’ Friday Fossil Fuel Runoff – October 20, 2017
Vol. 1, No. 3 Welcome to Eyes on the Ties’ Friday Fossil Fuel Runoff! This weekly series highlights the power relationships behind recent developments in the oil and gas industry. We include links to the week’s stories in oil and gas news with important context from LittleSis, including power maps made by the LittleSis community …
Who’s profiting from drilling Los Angeles?
by Rob Galbraith and Gin Armstrong Freeport-McMoRan is far and away the largest oil and gas producer in Los Angeles, with 1,311 active wells in Los Angeles County according California’s Division of Oil, Gas, and Geothermal Resources. The corporation, a multinational mining giant, acquired most of its Los Angeles wells in its 2012 purchase of …
Oil pipeline company spends heavily on Cuomo-tied lobbying firm
PAI’s most recent report showed how companies behind major New York State natural gas infrastructure projects have been increasing lobbying expenditures and contracting with firms tied to New York Governor Andrew Cuomo’s family and administration. This trend is not confined to the natural gas sector: at least one oil infrastructure company is employing the same …
Industry-tied Department of Energy study finds gas exports will drive fracking, makes no mention of climate
On December 28, Bloomberg reported on a US Department of Energy analysis that found that increasing exports of liquefied natural gas (LNG) from the United States would result in a 5% decrease in natural gas prices in Asia along with a 1% increase in US prices. The contracted researchers concluded that this would be a …
Oil-financed Senate banking committee poised to greenlight oil exports
Despite signaling earlier this year that President Obama would veto bills repealing the current ban on exporting crude oil produced in the United States, the administration has since walked back that position. Yesterday, Politico reported (subscription required) that White House spokesman Josh Earnest declined to rule out lifting the ban in exchange for other administration …
Los Angeles Times interviews fracking expert, fails to disclose industry ties
On Tuesday, the Los Angeles Times published an interview with Stanford professor of geophysics Mark Zoback in which he argued against a moratorium on fracking in California and lauded the oil and gas regulatory regimes in Pennsylvania and Texas. At the beginning of the article, Zoback is identified as “Stanford geophysicist since 1984, member of …
Bill Richardson stands up to the global climate crisis…by joining the board of an oil and gas company
Two weeks ago we reported on former New Mexico governor Bill Richardson’s failure to disclose his Advisor and Chairman positions at consulting firm APCO Worldwide, in his TIME op-ed promoting exporting liquified natural gas (LNG). From December 2012 to January 2014, APCO was contracted by the Ukrainian State Agency for Investment and National Projects for $330,000 to …
In Colorado, “grassroots” pro-fracking groups hire former legislator to campaign against moratoria
This week the Denver Post reported that according to campaign filings, the Colorado Oil and Gas Association (COGA), an industry trade group, has spent more than $600,000 to defeat local fracking moratoria along the front range of the Rockies, donating to a number of groups with names such as Boulder Citizens for Rational Energy Decisions …