“This is to preserve and protect the franchise of fossil fuels into the 2040s, 2050s and beyond. If you think about how the world will continue to need oil, the right to operate … is going to require some kind of an accommodation, and what are we doing to get rid of fugitive emissions.”
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Building cars is hard. Building an affordable electric car is exceedingly hard.
Companies extracting oil and gas from the wilderness area in Alaska would face “enormous reputational risk and public backlash”, the investors say in a letter sent to 100 fossil fuel companies and the banks that finance them.
The quieter driving environment of an electrically driven vehicle can have significant mental health benefits, according to a new brain monitoring study.
It was December 1984, and President Reagan had just been elected to his second term, Dynasty was the top show on TV and Madonna’s Like a Virgin topped the musical charts. It was also the last time the Earth had a cooler-than-average month.
The cost of Asia’s growing thirst for oil will surpass $1 trillion this year, about twice as much as in 2015 and 2016, as oil prices touch $80 per barrel and continental demand hits a record.
Florida’s congressional delegation, citing the state’s vibrant tourism industry, delivered a unanimous, bipartisan and stern message of opposition to offshore energy exploration during a hearing on Capitol Hill on Thursday.
Grassley’s protest comes amid mounting farm-state frustration with the EPA’s management of the Renewable Fuel Standard that compels refiners to use biofuel such as corn-based ethanol. Iowa is a top producer of both corn and ethanol.
