A recent wave of government climate change lawsuits against oil and gas firms may prove deeply harmful, actually inhibiting the growth of new, greener technologies by diverting resources that would otherwise fuel innovation, according to a May 16 issue brief from the Pacific Research Institute (PRI). “There are many serious adverse consequences from state and…
Big Cities’ Climate Lawsuits Against Big Oil Scrutinized
House Passes Fuel Price-Gouging Bill
The House of Representatives passed the Consumer Fuel Price Gouging Prevention Act, by a vote of 217-207 on May 19, taking the country closer to greater government involvement in energy markets as gasoline prices soar to new heights. The bill, H.R. 7688, would let President Joe Biden declare an “energy emergency.” Such an emergency would…
House Passes Fuel Price-Gouging Measure
The House of Representatives passed the Consumer Fuel Price Gouging Prevention Act by a vote of 217–207 on May 19, moving the country closer to greater government involvement in energy markets as gasoline prices soar to new heights. The legislation, H.R. 7688, would allow President Joe Biden to declare an “energy emergency.” Such an emergency…
New Zealand Emissions Reduction Funding for Agriculture Paid by Other Sectors
As part of the New Zealand government’s emissions reduction plan announcement for the 2022 budget, $710 million (US$450 million) has been promised to support the agriculture industry’s efforts to lower emissions, despite not contributing a cent to the funding pool. The agricultural industry is both New Zealand’s biggest export earner and the biggest contributor to…
Tonga Volcanic Eruption Was Largest Ever Documented, Say Scientists
The Tonga volcanic eruption in January was the largest atmospheric explosion documented since the 1883 Krakatoa eruption in Indonesia, according to scientists. Tonga was hit by an underwater eruption of the Hunga Tonga-Hunga-Ha’apai volcano and subsequent tsunami on Jan. 15, which wiped out an entire village on one of Tonga’s small outer islands and killed…
Cleaner Air Leads to More Atlantic Hurricanes, NOAA Study Finds
A new study suggests that the successful efforts in North America and Europe to reduce air pollution have led to an unintended consequence—more hurricanes. The “surprising result” was found by Hiroyuki Murakami, a physical scientist at the National Oceanic and Atmospheric Administration (NOAA). In his paper, published in the journal Science Advances, Murakami said he…
‘Small But Powerful’ Group Pushing SEC Climate Disclosures: Professors
Law and finance professors from across the country have criticized the Securities and Exchange Commission’s (SEC’s) March 21 proposal to compel climate-related disclosures by public companies, arguing that the move exceeds the SEC’s authority and reflects the outsized influence of “institutional asset managers who are managing other people’s money, not their own.” “Rather than provide…
Biden Oil and Gas Lease Sale Cancellations Draw Strong Reaction
As gas prices continue to break records, the Biden administration’s cancellation of two lease sales in the Gulf of Mexico and one lease sale in Alaska’s Cook Inlet has drawn clashing responses, including an accusation that the administration is “blatantly lying.” One political figure who weighed in was Donald Trump, Jr., who recently campaigned with…
Lawsuit Seeks Documents on Biden ‘Climate Disinformation’ Push
A nonprofit has sued the White House Office of Science and Technology Policy (OSTP) to obtain records that it argues “will inform the public of high-profile ethics revelations at OSTP and media coverage thereof,” including correspondence related to an OSTP event on “climate disinformation.” In a lawsuit filed May 5 in D.C. District Court, Energy…
‘No New Investment in Fossil Fuel Expansion’: UN Chief
Antonio Guterres, current head of the United Nations and former president of Socialist International, has asserted there must be “no new investment in fossil fuel expansion” and that private finance must totally divest from coal. “For too long, the financial services sector has enabled the world’s fossil fuel addiction. It is now time for financial…
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