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Coalition Calls for End to $122 billion in Handouts to Fossil Fuels

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By Jennifer Krill

October 5, 2011

Leaders of 52 national and state organizations, including Earthworks, are demanding that the so-called Super Congress make elimination of government handouts to the oil, coal and gas industries a central part of the deficit reduction plan the panel is to present to the full Congress next month.

Eliminating subsidies to the fossil fuels industry could reduce the national debt by $122 billion over ten years while bettering the environment and public health for America’s families, the groups asserted:

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Tagged with: subsidies, dirty energy, fossil fuels


Investors Take Action for Oil and Gas Accountability

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By Jennifer Krill

May 23, 2011

The activists' rite of spring has arrived, this year with a new crop of shareholder resolutions looking to reform the oil and gas industry. In 2011 investor-owned oil and gas companies are considering a series of proposals calling for greater transparency and disclosure of chemicals used in hydraulic fracturing.

Shareholders have filed resolutions to address fracking at 9 companies total: ExxonMobil, Chevron, Ultra Petroleum, El Paso, Cabot Oil & Gas, Southwestern Energy, Energen, Anadarko and Carrizo Oil & Gas. "Oil and gas firms are being too vague about how they will manage the environmental challenges resulting from fracking," said New York State Comptroller Thomas DiNapoli in a January press release. DiNapoli's office filed a resolution with Cabot Oil & Gas asking for a specific plan to reduce or eliminate hazards from fracking. This week, shareholder advocacy group As You Sow will be moving resolutions at ExxonMobil, Chevron, and Ultra Petroleum.

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Tagged with: fracking, drilling, natural gas, activism, investor


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