Tags » American Petroleum Institute

Oil Companies Spent At Least $114 Million Fighting Climate Action In 2015

Non-profit organization Influence Maphas released a report alleging that oil companies spent $114 millionlast year to prevent action being taken on climate change. The money was divided between publicity to mislead the public on the science and lobbying of politicians to prevent the passage of legislation. 489 more words

World News

Oil industry knew of 'serious' climate concerns more than 45 years ago

Researchers warned American Petroleum Institute in 1968 that the release of carbon dioxide from fossil fuels could lead to ‘worldwide environmental changes’

The Stanford Research Institute… 62 more words

US

Governor Meets With Petroleum Institute President On Oil & Gas Regulations

DENVER (AP) — Collaboration and negotiation allowed Colorado to draw up oil and gas regulations that protect the public and the environment while encouraging a lucrative state industry, the governor and the president of an industry group say. 508 more words

News

Hickenlooper: If State Doesn't Regulate Its Air, EPA Might

DENVER (AP) — Gov. John Hickenlooper warned Thursday that withholding funds for state air quality regulators could prompt the federal government to step in with a heavier hand. 253 more words

News

The oil Patch Boys have known about climate change since the 1980s

Just months after the New York attorney general launched an investigation into oil giant ExxonMobil over allegations that it misled investors about climate change, a newly surfaced report suggests the oil industry’s largest trade group may have had early, detailed knowledge of climate change as well.

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Corruption

US crude trades at brief, rare premium to Brent

US crude oil prices rose briefly to a premium over the international Brent benchmark following news of a surprise fall in US stockpiles.

Inventories fell by 3.6 million barrels in the week, to 486.7 million, according to the  194 more words

Commodities

SEC proposes new resource extraction disclosure rules -- will they face another legal challenge?

by Cydney Posner

This morning, the SEC voted (with Commissioner Piwowar in dissent) to propose rules, mandated by Section 1504 of the Dodd-Frank, that would require disclosure on Form SD of certain payments made to the federal and foreign governments by resource extraction issuers in connection with commercial development of oil, gas and mineral rights. 1,329 more words

Securities