Category Archives: Energy stocks

Top 3 Myths on Oil Export Ban; Meet the Lobbyists; Paris Agreement Should Spook; Climate Denial Scandal; 5 Stocks to Watch

From an E-ALERT by DeSmogBlog
Five excellent reports distributed by email on Dec 17, 2015

Top Three Myths Used to Sell the Lifting of the Crude Oil Export Ban, A Climate and Security Disaster In The Making

It can be difficult to win an argument when you have no viable position. However, when you are the oil industry, you can just buy the win. Which is what the oil industry is poised to do regarding the lifting of the crude oil export ban.

The GOP is currently holding up Congressional action needed to avoid a government shutdown by demanding inclusion of the lifting of the crude oil export ban in the government spending package.

Here are some of the disingenuous arguments the oil industry has paid to have members of Congress make over the past two years. Read more.

Meet the Lobbyists and Big Money Interests Pushing to End the Oil Exports Ban

The ongoing push to lift the ban on exports of U.S.-produced crude oil appears to be coming to a close, with Congress agreeing to a budget deal with a provision to end the decades-old embargo.

Just as the turn from 2014 to 2015 saw the Obama Administration allow oil condensate exports, it appears that history may repeat itself this year for crude oil. Industry lobbyists, a review of lobbying disclosure records by DeSmog reveals, have worked overtime to pressure Washington to end the 40-year export ban — which will create a global warming pollution spree. Read more.

Historic Paris Climate Agreement Should Spook Fossil Fuel Markets and Escalate Clean Tech Investment

World leaders reached an historic agreement in Paris moments ago, capping off the COP21 climate talks with a unanimous deal among 195 countries to curb global warming pollution and hasten the clean energy transition. The gavel just fell on the Paris Agreement, and it’s time to celebrate.

Is it enough to please everyone? No. Will people continue to suffer from climate-charged extreme weather events? Yes. But it is a welcome change from previous summit failures. Read more.

In Midst of ExxonMobil Climate Denial Scandal, Company Hiring Climate Change Researcher

Caught in the crosshairs of an ongoing New York Attorney General investigation exploring its role in studying the damage climate change could cause since the 1970’s and then proceeding to fund climate science denial campaigns, ExxonMobil has announced an interesting job opening.

No, not the new lawyer who will soon send the “private empire” billable hours for his defense work in the New York AG probe, though that’s a story for another day. Exxon is hiring for a climate change researcher to work in its Annandale, New Jersey research park facility. Read more.

Five Energy Stocks to Watch After Paris Climate Agreement

With a new global agreement on climate change gaveled into the history books in Paris tonight, many people including me believe we have just witnessed the end of the fossil fuel era.

So-called “pure play” fossil fuel companies that have not significantly diversified into other areas of energy production will be huddled in boardrooms this week trying to figure out what the Paris Agreement means to their bottom line. Read more.

 

 

 

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