Tag: Oil (Petroleum) and Gasoline

A ‘Rocking Chair Rebellion’: Seniors Call On Banks to Dump Big Oil

They were parents, grandparents, great-aunts and great-uncles, ranging in age from their 50s to their 80s and beyond, and together they braved frigid temperatures to protest all through the night, and to rock. Bundled in long johns, puffer coats, layered knit hats and sleeping bags, and fortified by cookies sent by courier from a sympathetic […]

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Ferrari, Prada y hambre en Venezuela

CARACAS, Venezuela — En la capital, una tienda vende bolsos de Prada y un televisor de 110 pulgadas por 115.000 dólares. No muy lejos, un concesionario de Ferrari ha abierto, y un nuevo restaurante permite que los comensales acomodados disfruten de una comida sentados encima de una grúa gigantesca con vistas a la ciudad. “¿Cuándo […]

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The Head Spinning Reality of Venezuela’s Economy

CARACAS, Venezuela — In the capital, a store sells Prada purses and a 110-inch television for $115,000. Not far away, a Ferrari dealership has opened, while a new restaurant allows well-off diners to enjoy a meal seated atop a giant crane overlooking the city. “When was the last time you did something for the first […]

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Earth to Hit Critical Warming Threshold by Early 2030s, Climate Panel Says

Earth is likely to cross a critical threshold for global warming within the next decade, and nations will need to make an immediate and drastic shift away from fossil fuels to prevent the planet from overheating dangerously beyond that level, according to a major new report released on Monday. The report, by the Intergovernmental Panel […]

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The Brilliant Inventor Who Made Two of History’s Biggest Mistakes

Since the surgeon general’s hearing in 1926, we have invented a vast array of tools and institutions to explore precisely these kinds of questions before a new compound goes on the market. We have produced remarkably sophisticated systems to model and anticipate the long-term consequences of chemical compounds on both the environment and individual health. […]

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An Oil Rush Threatens Natural Splendors Across East Africa

MURCHISON FALLS NATIONAL PARK, Uganda — Under dense forest canopy sheltering elephants, rare birds and colobus monkeys, roaring bulldozers and excavators shatter the idyll, toppling ancient trees and carving roads to reach Uganda’s newest source of riches: oil. “This is a sanctuary,” said Ben Ntale, a Ugandan tour guide who has been bringing visitors to the Murchison […]

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How Biden Got From ‘No More Drilling’ to Backing a Huge Project in Alaska

“I think the White House feels the president has strong climate credentials now, but that he does need to reach out to working class voters in swing states who care about gasoline prices,” said Paul Bledsoe, a former climate aide in the Clinton administration who now works at the Progressive Policy Institute, a think tank. […]

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Tucker Carlson Is No Less Dangerous as a Hypocrite

Gail: Love that you’re bringing up Jane. Even if it’s to disagree with me. Bret: Ten years ago, federal spending was $3.45 trillion. Biden’s budget request is double that, and he has the chutzpah to suggest he wants to reduce the deficit — achieved almost entirely by huge tax increases instead of spending discipline. Gail: […]

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Biden Plans New Limits on Arctic Drilling Ahead of Controversial Willow Decision

WASHINGTON — President Biden will announce sweeping new restrictions on offshore oil leasing in the Arctic Ocean and new conservation measures in Alaska, according to an administration official. The actions come as the administration prepares to approve an enormous drilling project in the North Slope that has faced widespread opposition on environmental and climate grounds. […]

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Inside One of the World’s Biggest Green Hydrogen Projects

For eons this has been a quiet, unremarkable place. Thousands of square miles of flat land covered in shrubs and red dirt. The sun is withering and the wind blows hard. It is exactly those features that qualify this remote parcel of the Australian Outback for an imminent transformation. A consortium of energy companies led […]

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Highest Heating Costs in Years Strain Many in New England

Even small gains in income can make households ineligible for heating assistance, which is generally available to those making up to 60 percent of a state’s median income. In Maine, for a family of four, the threshold for ongoing assistance is $59,348, though emergency aid is also available. Last winter, Ms. Blodgett said, her family […]

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Biden Expected to Move Ahead on a Major Oil Project in Alaska

WASHINGTON — In one of the most consequential climate decisions of his administration, President Biden is planning to greenlight an enormous $8 billion oil drilling project in the North Slope of Alaska, according to a person familiar with the decision. Alaska lawmakers and oil executives have put intense pressure on the White House to approve […]

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What’s Holding Up New York’s Climate Progress? Apartment Buildings.

In February, Vickie Paladino, a Republican city councilwoman representing Northeast Queens, proposed a bill to delay enforcement of the law for seven years. Critics of the law have pushed for additional carve-outs, like the option to buy more renewable energy credits, or RECs, to offset their emissions. The credits allow buildings to pay off a […]

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Who Blew Up the Nord Stream Pipelines?

Julian E. Barnes contributed reporting. The Daily is made by Lisa Tobin, Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Dave Shaw, Sydney Harper, Robert Jimison, Mike […]

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As Oil Companies Stay Lean, Workers Move to Renewable Energy

Emma McConville was thrilled when she landed a job as a geologist at Exxon Mobil in 2017. She was assigned to work on one of the company’s most exciting and lucrative projects, a giant oil field off Guyana. But after oil prices collapsed during the pandemic, she was laid off on a video call at […]

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War in Ukraine Has Changed Europe for Good

HELSINKI — A year ago, the day Russia invaded Ukraine and set in motion a devastating European ground war, President Sauli Niinisto of Finland declared: “Now the masks are off. Only the cold face of war is visible.” The Finnish head of state, in office for more than a decade, had met with President Vladimir […]

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Europe Has Weathered an Energy Crisis, for Now

Within months of Russia’s invasion of Ukraine last year, there was near panic in Europe over energy supplies. Mainstay flows of natural gas through pipelines from Russia were dwindling to a relative trickle, pushing wholesale prices up more than 10 times the level of a year earlier. Oil prices were high. Lawmakers warned of fuel […]

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Oil Prices Rise on Talk of Russian Output Cut

Oil prices rose sharply on Friday after Russia’s deputy prime minister, Alexander Novak, said that his country would cut production in March by 500,000 barrels a day — or about 5 percent of its output. Russia is the world’s third-largest producer of oil, and the announcement by Mr. Novak, who is the Kremlin’s point person […]

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How Russia Is Surviving the Tightening Grip on Its Oil Revenue

Using customs data from India, Mr. Vakulenko, the Russian oil expert, showed that local importers of Russian crude paid almost the same price as Brent crude. A New York Times analysis of the same data produced similar results. The explanation, Mr. Vakulenko suggested, is that at least part of the large discount on the quoted […]

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Pope Francis Visits South Sudan to Highlight Young Nation’s Troubles

It is just over a decade since the steamy capital of South Sudan exploded in joy, with revelers singing and dancing through the night to mark the birth of their new nation as it split from its old enemy, Sudan. The new country was cheered on in 2011 by the American diplomats who had midwifed its […]

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Shell’s Profit Soared to $42 Billion in 2022

Shell, Europe’s largest energy company, reported a bumper annual profit for 2022 on Thursday: $42.3 billion, more than double its 2021 total and probably a record for any Britain-based company. The company, like other global energy giants, has been raking in cash because of high oil and natural gas prices, caused in part by the […]

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Russian Diesel Is Europe’s New Embargo Target

There are signs that this shift is already underway, with countries like France and Germany reducing their purchases of Russian diesel, Mr. Grati said. “Those countries are preparing for the divorce,” he added. This rebalancing, which is only just beginning, will almost certainly cause strains that force prices higher, analysts say. For one thing, longer […]

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Ecuador Moves to Expand Drilling in the Amazon

YASUNÍ NATIONAL PARK, Ecuador — In a swath of lush Amazon rainforest here, near some of the last Indigenous people on Earth living in isolation, workers recently finished building a new oil platform carved out of the wilderness. Teams are drilling in one of the most environmentally important ecosystems on the planet, one that stores […]

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