Washington, DC — Today, the U.S. House Judiciary Committee will markup H.R. 8330, a bill that would shield fossil fuel companies from laws or lawsuits that would hold them accountable for their role in the climate crisis and related disasters. Fossil fuel corporations knew they were causing climate change in … [continued]
Washington, DC — More than 110 national, state, and local organizations joined a letter urging Congressional leaders to reject the inclusion of protest criminalization language in legislation reauthorizing the Pipeline and Hazardous Material Safety Administration’s (PHMSA) pipeline safety programs. The letter comes as Congressional leaders prepare to negotiate a final … [continued]
What are crack spreads and why are they elevated? Crack spreads are indicators of the profitability of refining crude oil into petroleum products such as gasoline and diesel. One common crack spread is calculated by subtracting the spot market price of a gallon of crude oil from the wholesale price of … [continued]
China’s carbon dioxide (CO2) emissions fell by 1% in the second quarter of 2026, as oil consumption plummeted amid the strait of Hormuz crisis. The country’s use of oil fell by 9% overall and by 16% for transport, after the disruptions to supply from the Gulf through the strait. China’s total … [continued]
ANCHORAGE, Alaska — A miles-long sheen reported near an inactive oil and gas platform in Cook Inlet is raising renewed concerns about the risks posed by aging offshore infrastructure as the Trump administration and Congress push additional offshore oil and gas lease sales in the region. Authorities said Tuesday that the sheen … [continued]
Together with over 100 organisations and businesses, we’re calling on Ursula von der Leyen to commission an independent, science-based roadmap to make this fossil fuel crisis Europe’s last. Dear President von der Leyen, Subject: Making this fossil fuel crisis Europe’s last one Your State of the European Union address comes … [continued]
WISCONSIN – Another frac-out on Enbridge’s Line 5 reroute construction has been reported at Trout Brook in Marengo, Wisconsin. It is only the latest frac out — or drilling fluid spill — Enbridge has caused during reroute construction, following a 1,900 gallon spill earlier this summer. As reroute construction continues, the entirety of … [continued]
Just eight oil companies have made €7.5 billion in excess profits in Europe in the first half of 2026. The conflict in Iran began on 28 February 2026. Within weeks, Brent climbed to over $100 and Europe’s oil companies began to experience and then report significant increases to income and … [continued]
The self-declared Greenland Energy Company, reportedly with Trump connections in hand, is on track to fail.
China, the world’s largest importer of crude oil, imported less crude oil in the second quarter of 2026 (2Q26) following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz. China’s lower imports reduced global demand, softening the upward price effects from the disrupted supply through … [continued]
