Loading...
Message From the Editor Last November, Congress passed the Bipartisan Infrastructure Law, which set aside $4.7 billion to clean up so-called orphan wells — oil and gas wells that have no identifiable and solvent owner and can leak vast amounts of methane, a potent greenhouse gas. Image credit: Julie Dermansky Industry Insiders Question Louisiana Regulators Over Cleanup on ExxonMobil Land, Amid Corruption Claims and Pollution Fears— By Julie Dermansky and Sharon Kelly (17 min. read) —If you had ventured down a dirt road running through remote marshland along the Gulf Coast in Vermilion Parish, Louisiana, at just the right time back in late February, you might have come across a pit of gray muck. Down in that pit, you’d find a contractor welding a steel cap about the size of a dinner plate onto a stub of pipe jutting up from the mud below. That pipe was the last visible sign of an old oil and gas wastewater well that once dropped over a half-mile deep into the earth, now plugged up and sealed by contractors hired by the state. READ MOREWill Reforms to Carbon Markets Better Protect the Climate?— By Ashley Lampard (8 min. read)—To advocates, scaling up the markets where companies go to offset their greenhouse gas emissions will unlock billions of dollars to plant forests, restore ecosystems, and spur a global roll-out of machines to scrub carbon dioxide (CO2) from the sky. To critics, a long history of failed projects suggests that the chief beneficiary may not be the climate — but the bankers and brokers betting that carbon trading is on the cusp of exponential growth. READ MOREDrax Eyeing California as Site of New Biomass Carbon Capture Plant— By Phoebe Cooke (4 min. read)—British biomass giant Drax is lobbying the Californian government to play host to its first ever “carbon negative” power plant outside of the UK, despite concerns about the sustainability of the energy source. Drax has long-standing plans to launch the world’s largest bioenergy with carbon capture and storage (BECCS) plant in North Yorkshire, but the former coal-fired power generator now appears to have California in its sights. READ MORECalifornia Assemblyman Kills Fossil Fuel Divestment Bill— By Nick Cunningham (5 min. read)—The California legislature was close to passing a bill that would require the state’s two massive pension funds to divest from fossil fuels, but on June 21 the legislation was killed by one Democratic assemblyman who has accepted tens of thousands of dollars in campaign contributions from the energy industry. Senate Bill 1173 would have required the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), the two largest public pension funds in the country, to divest from fossil fuels. CalPERS and CalSTRS, which manage pensions for state employees and teachers, together hold more than $9 billion in fossil fuel investments. READ MOREClimate Denial Funder Set to Become Tory Peer— By Adam Barnett and Rachel Sherrington (3 min. read) —A Tory donor who has helped fund the UK’s leading climate science denial group is to be made a member of the House of Lords, prompting Green MP Caroline Lucas to call for an “urgent” investigation. Billionaire Australian hedge fund manager Michael Hintze, one of the few known funders of the Global Warming Policy Foundation (GWPF), is set to receive a peerage, according to a Sunday Times report over the weekend. READ MOREFrom the Climate Disinformation Database: DonorsTrustDonorsTrust is a not-for-profit company that distributes millions of dollars in grants each year to groups, organizations and projects that are “dedicated to the ideals of limited government, personal responsibility, and free enterprise.” DonorsTrust (DT) regularly distributes to conservative causes, many of which deny the science and impacts of human-caused climate change or the need to cut greenhouse gas emissions.
|
Loading...
Loading...