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At Least One Major Oil Company Will Turn Its Back on Fossil Fuels, Says Scientist

Fri, 2015-01-16 10:00 — Kathy Gilbeaux

Jeremy Leggett: 'One of the oil companies will break ranks and this time it is going to stick.'
Photograph: Linda Nylind for the Guardian

submitted by Margery Schab

Jeremy Leggett, former industry adviser, warns over plunging commodity prices and soaring costs of risky energy projects

The oil price crash coupled with growing concerns about global warming will encourage at least one of the major oil companies to turn its back on fossil fuels in the near future, predicts an award-winning scientist and former industry adviser.

Dr Jeremy Leggett, who has had consultations on climate change with senior oil company executives over 25 years, says it will not be a rerun of the BP story when the company launched its “beyond petroleum” strategy and then did a U-turn.

“One of the oil companies will break ranks and this time it is going to stick,” he said.

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White House Moves to Rein In Methane Emissions

Fri, 2015-01-16 09:12 — Kathy Gilbeaux

       

New EPA standards will aim to significantly cut methane emissions from oil and gas sites in the U.S.

The Obama administration makes its latest move to take on climate change.

usnews.com - by Alan Neuhauser - January 14, 2015

In the Obama administration’s latest use of executive authority to address climate change, the White House announced plans Wednesday to impose new regulations on the oil and gas industry that would nearly halve methane emissions from wells, drill sites and pipelines in 10 years.

The new standards, to be developed by the Environmental Protection Agency under the Clean Air Act, would aim by 2025 to cut methane emissions by up to 45 percent from levels recorded in 2012. They would also slash the spread of volatile organic compounds, or VOCs, key components of ground-level smog that have been linked to cancer, neurological conditions and other illnesses.

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U.S. Oil Producers Cut Rigs as Price Declines

Thu, 2015-01-08 23:35 — Kathy Gilbeaux

      

Oil pump jacks at work at a drilling site in North Dakota. Producers have been cutting back.
Credit Eric Gay/Associated Press

nytimes.com - by Clifford Krauss - January 7, 2015

HOUSTON — With oil prices plunging at an ever-quickening rate, producers are beginning to slash the number of drilling rigs around the country.

The national rig count had remained surprisingly resilient over recent months even as oil prices dropped by more than 50 percent since June, and it still tops the count of a year ago as domestic production continues to surge.

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Cuomo to Ban Fracking in New York State, Citing Health Risks

Wed, 2014-12-17 16:57 — Kathy Gilbeaux

CLICK HERE - REPORT -
New York State Department of Health
A Public Health Review of High Volume Hydraulic Fracturing for Shale Gas Development (184 page .PDF report)

nytimes.com - By THOMAS KAPLAN and JESSE McKINLEY
December 17, 2014

Gov. Andrew M. Cuomo’s administration announced on Wednesday that it would ban hydraulic fracturing in New York State because of concerns over health risks, ending years of uncertainty over the disputed method of natural gas extraction.

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