LNG - Fracking

Bailout Watch
Oil workers faced tens of thousands of layoffs in 2020 while their employers raked in billions in pandemic-related tax benefits

Apr 02, 2021

Last year was $8.2 billion less painful for 77 big fossil fuel companies, thanks to a tax bailout provision in a big pandemic stimulus bill.

The tax-law change did little, however, for nearly 60,000 workers those companies fired, leaving them stretching the $1,200 checks they received under the same law. Individuals were not eligible for the CARES Act loophole, which allows big polluters to reduce past taxes owed based on their recent yearly losses.

Eugene Kung - Staff Lawyer, Julia Kidder - Communications & Engagement Specialist
Glass of water and pipelines
March 25, 2021

Watered down promises do more harm than good

The federal government has an over-promising problem, and it’s doing more harm than good.

Damian Carrington
Overall financing dipped by nine per cent in pandemic-hit 2020, but funding for the 100 fossil fuel companies with the biggest expansion plans actually rose by 10 per cent, a new report finds. Photo by Pixabay / Pexels

 March 25th 2021

This story was originally published by The Guardian and appears here as part of the Climate Desk collaboration.

The Canadian Press

Mar 19, 2021

Project operator Chevron put its interest up for sale in 2019 but has failed to find buyer

The company holds a 50 per cent stake in the project in a joint venture with Australia's Woodside Petroleum Ltd. (Google Maps)

Carl Meyer
Suncor refinery in Commerce City, Colo., in 2005. The registry is being spearheaded by the Fossil Fuel Non-Proliferation Treaty Initiative, an effort to focus more on what’s happening with the planet’s fossil fuel supply. Photo from Suncor

February 16th 2021

Energy experts are working to produce the world’s first public and complete database of fossil fuel reserves in the lead-up to this year’s UN climate summit.

The “Global Registry of Fossil Fuels” would fill a major gap in public knowledge, where only expensive or proprietary databases on fossil fuel reserves have existed before, or ones that are not detailed enough or are designed for industry use.


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