Oil Companies Relinquish Last Pacific Coast Drilling Permits to Canada
Canadian Energy and Natural Resources Minister Jonathan Wilkinson said Wednesday that Chevron Canada’s voluntary surrender of 23 permits in February has left the energy company with the last remaining permit outstanding for oil and gas drilling off Canada’s Pacific coast. He said he returned the. “With these final permits, Natural Resources Canada has formally secured […]
Biden admin hit with legal challenge over historic restrictions on offshore oil drilling
The nation’s largest fossil fuel industry association has filed a legal challenge against the Biden administration over its offshore oil and gas leasing program, which includes the lowest number of lease sales in U.S. history. The American Petroleum Institute (API) on Monday argued that the Department of the Interior’s (DOI) plan to restrict future offshore […]
Bank of America reverses course on pledge to stop financing coal and arctic drilling projects
Bank of America appears to be reversing its pledge to end lending to Coal and Arctic drilling projects, new york times It was reported on Saturday. In December 2021, financial services companies pledged to stop direct financing of new coal-fired power plants, thermal coal mines, and Arctic drilling. It also noted that it would no […]