Category: Executive_Landing_CN Fossil_Oil_CN

The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this winter—as it tries to head off the potential for more market shocks and high prices, according to senior administration officials.
President Biden plans to address the nation on gasoline prices Wednesday as midterm elections near and the clock runs down on previously planned releases of government reserves that have helped temper prices at the pump.

Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and lobbying activities don’t live up to their planet-friendly claims, according to a new report.

In the peak of 2020 lockdowns, giant oil companies had a wake-up call. Demand had cratered, sapping profits, and it wasn’t clear when it would end. That gave environmentally minded investors an in. The pitch: Get on the clean and green path or perish.

The oil and gas industry wants to play a word-and-picture association game with you. Think of four images: a brightly colored backpack stuffed with pencils, a smiling teacher with a tablet tucked under her arm, a pair of glasses resting on a stack of pastel notebooks, and a gleaming school bus welcoming a young student onboard.

As pressure increases on the Biden administration to lower the price of fuel, the Interior Department announced on Friday plans to hold its first onshore oil and gas lease sales since President Biden took office.

In December, when the New York City Council voted to ban natural gas use in new buildings, environmentalists in the Big Apple barely stopped to celebrate.

Gas prices have of $4.318 per gallon as of Thursday morning (not ), with the prospect of going even higher.

President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, according to a person familiar with the matter.

The EU is urging its 27 member states to use taxes on energy firms and polluters to fund a transition from Russian gas to clean energy sources for heating, cooking and electricity.

Russia’s invasion of Ukraine is alarming and wrong — recognized by governments across the political spectrum as a dangerous assault on peace and stability.