May 30, 2014
On May 29, the California Senate voted against advancing a bill to place a moratorium on fracking in the state. The bill, SB1132, co-authored by Senators Holly Mitchell (D-Los Angeles) and Mark Leno (D-San Francisco), would have placed a temporary moratorium on fracking and acidizing until an environmental impact study on these practices is completed.
Although disappointing, this turn of events is not surprising. The industry spent huge amounts of money to defeat this bill, even after the recent downgrade of the Monterey Shale by the Energy Information Agency – a whopping 96% of original estimates of recoverable oil. With the promise of millions of jobs, and billions of dollars in tax revenue vanishing in an instant, the industry and supporters continued to push on the promise that continued fracking would bring about jobs.
May 29, 2014
Senate Bill 1132, by Senators Mitchell and Leno, is up for reconsideration today in the California Senate.
The bill needs 3 more votes to pass.
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May 28, 2014
Next week marks a significant milestone in the effort to eliminate the brutal conflict minerals trade in the Democratic Republic of Congo, which has funded armed insurgents responsible for mass murder and rape for the past twenty years.June 2 is the deadline for companies to comply with the Dodd-Frank conflict minerals legislation, and file reports with the Securities and Exchange Commission (SEC) disclosing whether the tin, tantalum, tungsten and gold they have purchased have fueled conflict in the region.
May 22, 2014
This week the U.S. Energy Information Administration downgraded by 96% its estimate of recoverable oil in California’s Monterey Shales. Instead of 13.7 billion barrels, now EIA says 0.6 billion.
So, what next?
Californians, Governor Brown first and foremost, must face facts: the promised economic bonanza from shale oil is not coming to California. And it never was. We have reason to believe that the 13.7 billion overestimate occurred when EIA credulously internalized into its projections an oil company’s dog and pony show for investors.
By Hilary Lewis
May 20, 2014
Oil and gas companies love to wax lyrical about all the jobs they create while calling environmentalists 'anti-jobs', but recent studies have called the quality of oil and gas jobs into question.
To be clear, Earthworks is for jobs.
We are for sustainable (safe, well paying, community sourced) jobs.