Mayor Bill de Blasio (D) on Wednesday announced that New York City is suing the top five oil companies for contributing to climate change. New York City’s federal lawsuit alleges that the businesses have been aware for decades that burning fossil fuels contributes to global warming. “We’re bringing the fight against climate change straight to […]
‘Axis of Love’: Saudi-Russia Detente Heralds New Oil Order…
A meeting between the two men who run Russia and Saudi Arabia’s oil empires spoke volumes about the new relationship between the energy superpowers. It was the first time that Rosneft boss Igor Sechin and Saudi Aramco chief Amin Nasser had held a formal, scheduled meeting – going beyond the numerous times they had simply […]
Trump Blasts Obama’s ‘abusive’ Use of Monument Law, Orders Review…
President Donald Trump ordered his Interior Department to review of tens of millions of acres of land and water set aside as national monuments by the past three presidents on Wednesday, a move that environmental groups warn will undermine a crucial conservation tool and open up sensitive areas to fossil fuel development. The review will […]
Tesla’s Battery Revolution Just Reached Critical Mass…
Tesla Motors Inc. is making a huge bet that millions of small batteries can be strung together to help kick fossil fuels off the grid. The idea is a powerful one—one that’s been used to help justify the company’s $5 billion factory near Reno, Nev.—but batteries have so far only appeared in a handful of […]