Category Archives: Oil

Oregon Fails To Pass Oil Train Emergency Response Legislation

The ECOreport reposts news of a state legislature’s failure to take action,  Oregon Fails To Pass Oil Train Emergency Response Legislation

Press Release from Stand Up to Oil

Salem, OR  At the close of the 2017 session the Oregon Legislature has failed to pass legislation that would have improved oil train emergency response requirements and oil terminal review standards, including House Bill 2131.
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Alberta’s Tailing Ponds Hold One Trillion Litres Of Toxic Waste

The ECOreport reposts a report on overlooked impact from the oil sands, Alberta’s tailing ponds hold one trillion litres of toxic waste 

Press Release from ENVIRONMENTAL DEFENCE and NATURAL RESOURCES DEFENSE COUNCIL

Ottawa, ON – The volume of oil sands tailing ponds are now over 1 trillion litres, while the cost of cleanup is now greater than total lifetime royalty revenues collected by Alberta from oil sands companies, according to a new report released today by Canada’s Environmental Defence and the U.S.’s National Resource Defense Council.

Continue reading Alberta’s Tailing Ponds Hold One Trillion Litres Of Toxic Waste

Oil Prices Could Be Lower For Longer

The ECOreport reposts an analysis of market conditions, Oil prices could be lower for longer

Originally Posted on Oilprice.com

By Nick Cunningham

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to a period of “lower for longer” for oil prices, a refrain that is all too familiar to those in the industry.

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Big Oil Vs the People of California

The ECOreport reposts an OP-Ed & photo essay about the struggle with corporate interests, Big Oil Vs the People of California

Originally Posted on Indybay.com

by Dan Bacher

On Thirteenth Street in front of the Sacramento Convention Center where the Democratic Convention was being held on May 20, a group  of activists held a mock “tug of war’” between the people of California and the oil industry for the loyalty of Governor Jerry Brown.

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Is The US Shale Industry’s “Low Hanging Fruit” Disappearing?

The ECOreport reposts an OP-ED,  Is The US Shale Industry’s “Low Hanging Fruit” Disappearing?

Originally posted on Oilprice.com

By Nick Cunningham

The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year, but the extension of the cuts provides even more room in the market for shale drillers to step into.

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California’s Top Lobbyist Is The Western States Petroleum Association

The ECOreport reposts news from California where, once again, California’s Top Lobbyist Is The Western States Petroleum Association

Originally Published on the Daily KOS

By Dan Bacher

As is normally the case, the Western States Petroleum Association (WSPA) topped the list of California lobbying expenditures in the first quarter of 2017, spending a total of nearly $1.4 million.

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Statoil Safety Incidents Increase As Arctic Drilling Begins

The ECOreport reposts a story from the Norwegian Arctic, Statoil Safety Incidents Increase As Arctic Drilling Begins

Originally Posted on Greenpeace Energydesk

By Zachary Davies Boren

Norway’s oil regulator has voiced ‘concerns’ over a surge in serious safety incidents as the industry prepares for its latest Arctic drilling drive.

Continue reading Statoil Safety Incidents Increase As Arctic Drilling Begins

America Ramps Up Offshore Oil & Gas Development

The ECOreport reposts a public announcement, America ramps up offshore oil & gas development

Editor’s Note: The following press release is being printed for public information, definitely NOT as an endorsement.

Press Release from the United States Department of Interior

HOUSTON – On the stage of the Offshore Technology Conference, flanked by men and women who work on offshore oil and gas platforms, Secretary of the Department of the Interior Ryan Zinke today signed two secretarial orders aimed at unleashing America’s offshore energy potential and growing the U.S. economy. The first order implements President Trump’s Executive Order signed Friday and directs the Bureau of Ocean Energy Management (BOEM) to develop a new five-year plan for oil and gas exploration in offshore waters and reconsider a number of regulations governing those activities. The second order establishes a new position – Counselor to the Secretary for Energy Policy – to coordinate the Interior Department’s energy portfolio that spans nine of the Department’s ten bureaus.
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Danish Pension Fund Divests From Canadian Oil Producers

The ECOreport reposts a story about potential stranded assets,  Danish Pension Fund Divests From Canadian Oil Producers 

Originally Published on Clean Technica

By Joshua Hill

The fourth largest pension fund in Denmark has apparently divested itself of investments in five Canadian oil producers, and is assessing another 44 oil and gas companies, amidst concerns that fossil fuel companies are at risk of becoming stranded assets and facing long-term heavy financial losses.

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Some US Oil Companies Want To Stay In Paris Agreement

The ECOreport reposts a story of unexpected allies, Some US Oil Companies Want To Stay In Paris Agreement

Originally Published on Clean Technica

By

 With insiders predicting Donald Trump’s senior advisers will aim to decide whether the United States will stay a part of the Paris climate agreement or not by Tuesday, a growing number of unlikely climate allies have arisen, including Washington’s new power-couple, JIvanka, as well as officials from fossil fuel companies such as Exxon and Shell.

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