Big Oil finding money for biggest projects
There are signs the deep freeze in oil-industry spending is beginning to thaw.
There are signs the deep freeze in oil-industry spending is beginning to thaw.
The Paris climate deal, negotiated late last year, needs ratification from 55 parties accounting for at least 55 percent of global emissions before it kicks into effect — and the 28-member EU, which must ratify as a bloc, makes up the third-largest slice of the emissions pie.
The auto industry is waiting for a new report from federal regulators that will be used to determine whether stringent gas mileage rules requiring them to produce car and truck fleets that average more than 50 miles per gallon by 2025 will stay in place.
Automakers are ramping up lobbying efforts ahead of a key midterm review of the Obama administration’s fuel efficiency standards for cars.
“People should enjoy it and have a good time and drive safely, because these prices are probably about as low as we’re going to see for quite some time to come.”
While cheap gas is good news for commuters and vacationers, its bad news for the planet.
Oil production in the nation’s lower 48 states has dropped by 800,000 barrels a day in the 12 months after it peaked, one of the biggest reasons why the world’s oil glut has eased.
Air pollution reduces life expectancy in the world’s two most populous countries by around two years – by 25 months in China and 23 months in India, according to a report by the International Energy Agency.
Federal officials are investigating a crash that killed the driver of a Model S, a Tesla vehicle with a partially autonomous driving system, in a move that has major implications for the future of driverless vehicles.
California Atty. Gen. Kamala Harris has issued subpoenas to oil refiners as part of an investigation into unusually high gasoline prices in California during the last year.