Economy & Business

"Spending Deal To Lift Oil Export Ban"

"Lawmakers have agreed to lift the four-decade-old ban on crude oil exports as part of a spending and tax package announced by congressional leadership on Tuesday night, according to a GOP lawmaker. In exchange, Republicans agreed to extend a series of expired or expiring renewable energy tax breaks."

Source: The Hill, 12/16/2015

US Lawmakers Press Oil Companies on What They Knew About Climate Change

"A contingent of powerful U.S. representatives are pressing the chief executives of six of the country's largest fossil fuel companies, including ExxonMobil, Chevron and Shell, to answer questions about when the companies first understood that burning fossil fuels drives climate change and whether they became active partners in an effort to downplay the harm that could result."

Source: InsideClimate News, 12/10/2015

"The Inside Story of Shell’s Arctic Assault"

"A months-long investigation shows how the energy giant pressured the Interior Department during the company's gung-ho Arctic push—and got most of what it wanted (except oil)."

"Last May, four months before the oil giant Royal Dutch Shell suspended exploration in offshore Alaska, Christopher Putnam needed to get something off his chest.

Source: Audubon, 12/09/2015

"OPEC Unity Shattered as Saudi-Led Policy Leads to No Limits"

"OPEC has abandoned all pretense of acting as a cartel. It’s now every member for itself. At a chaotic meeting Friday in Vienna that was expected to last four hours but extended to nearly seven, the Organization of Petroleum Exporting Countries tossed aside the idea of limiting production to control prices."

Source: Bloomberg, 12/07/2015


Subscribe to RSS - Economy & Business