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Big Oil and citizenship
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mac



Joined: 07 Mar 1999
Posts: 13805
Location: Berkeley, California

PostPosted: Wed Nov 28, 2018 4:34 pm    Post subject: Reply with quote

What a surprise!

Quote:
Energy Transfer LP and subsidiary Sunoco Inc. have received over 800 state and federal permit violations over the Energy Transfer Rover and Sunoco Mariner East 2 natural gas pipelines, with fines topping $15 million, according to an analysis of government data and regulatory records. The violations over the pipelines in the Appalachian region included spills of drilling fluid, sinkholes and improper waste disposal. (Reuters)
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mac



Joined: 07 Mar 1999
Posts: 13805
Location: Berkeley, California

PostPosted: Sat Jun 01, 2019 10:05 pm    Post subject: Reply with quote

This is what state rules on the environment looks like. Mrgybe’s world.
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mac



Joined: 07 Mar 1999
Posts: 13805
Location: Berkeley, California

PostPosted: Fri Jan 17, 2020 11:33 am    Post subject: Reply with quote

From this morning's Morning Consult:

Quote:
A media investigation found that an air monitor on the border of the Philadelphia Energy Solutions Inc. refinery recorded levels of benzene that exceeded Environmental Protection Agency limits for all but 12 weeks from January 2018 to September 2019. Long-term exposure to benzene has been linked to leukemia, lymphoma and blood and immune system disorders, but the investigation found that many residents living near the refinery said they were never alerted about the high benzene levels. (E&E News, NBC News )

Sunoco Pipeline will pay an additional $1.95 million fine to the Pennsylvania Department of Environmental Protection for multiple spills in 2017 during the construction of the Mariner East 2 pipeline, resulting in more than 208,000 gallons of lubricating drilling fluid leaking into Raystown Lake in Huntingdon County. DEP Secretary Patrick McDonnell said the company, which already had $13 million in fines imposed on it, did not immediately report the spills, with some cases not being reported until 537 days after they happened, according to the settlement. ( Pittsburgh Post-Gazette)


These kinds of scandals, and Trump's and Barr's pandering to big oil are not likely to help them in Pennsylvania. Of course, it will help them with campaign contributions.
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mac



Joined: 07 Mar 1999
Posts: 13805
Location: Berkeley, California

PostPosted: Wed Apr 01, 2020 4:10 pm    Post subject: Reply with quote

With the rules of bankruptcy, this is akin to theft from their creditors and the taxpayers. Color me surprised.

Quote:
The Denver-based oil and gas group Whiting Petroleum Corp. has filed for Chapter 11 bankruptcy protection, becoming the first major shale producer to fall victim to the market turmoil triggered by the coronavirus pandemic and a global oil price war. The company's board approved $14.6 million in cash bonuses for five top executives in the days before the filing, with the payouts to be disbursed immediately. (Bloomberg)
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vientomas



Joined: 25 Apr 2000
Posts: 1163

PostPosted: Wed Apr 01, 2020 6:47 pm    Post subject: Reply with quote

mac wrote:
With the rules of bankruptcy, this is akin to theft from their creditors and the taxpayers. Color me surprised.

Quote:
The Denver-based oil and gas group Whiting Petroleum Corp. has filed for Chapter 11 bankruptcy protection, becoming the first major shale producer to fall victim to the market turmoil triggered by the coronavirus pandemic and a global oil price war. The company's board approved $14.6 million in cash bonuses for five top executives in the days before the filing, with the payouts to be disbursed immediately. (Bloomberg)


Loopholes...

https://southerncalifornialawreview.com/2019/03/02/regulating-bankruptcy-bonuses-article-by-jared-a-ellias/
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mac



Joined: 07 Mar 1999
Posts: 13805
Location: Berkeley, California

PostPosted: Wed Apr 01, 2020 7:02 pm    Post subject: Reply with quote

Thanks. It's nice to occasionally have constructive postings.
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vientomas



Joined: 25 Apr 2000
Posts: 1163

PostPosted: Wed Apr 01, 2020 10:54 pm    Post subject: Reply with quote

mac wrote:
Thanks. It's nice to occasionally have constructive postings.


My pleasure. I agree that the practice described in the article is abhorrent and better legislation is warranted. But, I'm not holding my breath. Sad
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mac



Joined: 07 Mar 1999
Posts: 13805
Location: Berkeley, California

PostPosted: Thu Apr 02, 2020 2:30 pm    Post subject: Reply with quote

Don't you just love how big oil apologists rant about renewable energy--and such up subsidies?


Quote:
The resource giants who built the mining boom since 2000 earned $53.8 billion in revenues in the 2017-18 year without paying any tax, according to the Australian Taxation Office’s latest figures.

Overall, one-third of companies with revenues over $100 million, or 710 firms, didn’t pay any tax at all.

The list of companies that didn’t pay tax includes massive oil and gas producers like Exxon Mobil [$9.23 billion in Australian revenues], Chevron [$5.27 billion] and Woodside [$6.28 billion].

They built the gargantuan gas platforms in Western Australia, the Northern Territory and Queensland that made Australia second only to Qatar in gas exports, but they have $324 billion in tax credits in the bank.

That means they won’t be paying tax for years to come, and the only other source of revenue from their massive projects, the Petroleum Resource Rent Tax, only pulled in $1.15 billion in 2018-19.
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