SAN RAMON — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...
Global Carbon Pollution Continues to Rise, but More Slowly
WASHINGTON — The world continues to increase the amount of heat-trapping carbon dioxide it pumps into the air, but it’s not rising as fast as in the previous couple years. Led by big jumps from China and India, the world is projected to spew 40.57 billion tons of carbon dioxide...
Coal Giant Murray Energy Seeks Bankruptcy Protection
CHARLESTON, W.Va. — A major U.S. coal mining company is seeking bankruptcy protection, joining a growing list of struggling coal operations as communities switch away from fossil fuel to less-polluting renewable energy or natural gas. Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization Tuesday. Several other major coal producers...
Opinion: Bipartisan Bill Promises Climate Policy Breakthrough
They said it couldn’t be done. They said Republicans and Democrats could never work together in Congress to impact the climate change crisis. But last week, three Republicans and three Democrat members of Congress did just that. On November 27, Rep. Ted Deutch (D-FL), Rep. Frances Rooney (R-FL), Rep. Charlie...
US to Ease Oil Drilling Protections for Imperiled Bird
BILLINGS, Mont. — The Trump administration moved forward Thursday with plans to ease restrictions on oil and natural gas drilling and other activities across millions of acres in the American West that were put in place to protect an imperiled bird species. Land management documents released by the U.S. Interior Department...