"In the wake of the COVID-19 pandemic that's shaken the global oil sector, oil states fighting to restart their economies may face another kind of crisis: orphaned wells. The pandemic could add thousands of wells to already-strapped programs to reclaim old oil infrastructure in the West and Appalachia."
"Financial institutions rarely provide such loans and with oil prices at rock bottom, the Arctic is not a priority for the energy industry."
"Local governments outside the U.S. have long been pressuring insurance companies to sever ties with fossil fuels, and the issue is starting to gain some traction domestically."
"Workers at ‘most toxic place in America’ are terrified to return to a site where there has been very little protection from the outbreak".
"Trump promised oil and gas companies economic relief. But renewables are getting less focus in Washington."
"Electricity generated by renewable sources like solar, wind and hydro has exceeded coal-fired power in the United States for a record 40 straight days, according to a report based on U.S. government data released on Monday."
"A lame-duck Texas regulator who proposed mandatory oil-output cuts said the effort is “dead” a day before the biggest U.S. crude-producing state was set to vote on the measure."
"The biggest U.S. oil producers reported historic losses last week and predicted that it could take months to recover as the coronavirus pandemic continues to sweep through the world's economy."
"The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered oil companies to qualify for the aid after industry allies lobbied the Trump administration for changes."
"US fossil fuel companies have taken at least $50m in taxpayer money they probably won’t have to pay back, according to a review of coronavirus aid meant for struggling small businesses by the investigative research group Documented and the Guardian. A total of $28m is going to three coal mining companies, all with ties to Trump officials, bolstering a dying American industry and a fuel that scientists insist world leaders must shift away from to avoid the worst of the climate crisis."
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