Year: 2021

Big Oil majors, including Exxon, BP, Shell, and Chevron, may be subpoenaed to turn over financial documents as part of a congressional probe into alleged disinformation about the effect of the industry on the climate. “Today’s witnesses refused to take responsibility for big oil’s decade-long disinformation campaign,” said the chairwoman of the Committee of Oversight and Reform, as quoted by CNBC, following a hearing of executives from the four companies and the American Petroleum Institute. “We need to get to the bottom of the oil industry’s disinformation campaign with these…

Global crude steel production declined in September, marking the fourth straight month of month-over-month declines. Global crude steel production falls to 144.4 MT September global crude steel production fell to 144.4 million metric tons, the World Steel Association reported this week. Metals producers around the world have felt the burden of rising energy costs, as we’ve noted in previous articles. Zinc prices, for example, have since retraced but earlier this month soared to 14-year highs. Belgian zinc producer Nyrstar said it would slash production in response to rising energy costs.As…

US President Joe Biden heads to a climate gathering this weekend without a commitment on tackling global warming after his deeply-divided Democrats failed to get behind his sweeping economic agenda. Biden had wanted to show the landmark COP26 conference in Scotland that Washington is leading the world on decarbonizing, but the package of social reforms containing his signature climate policy was held up by infighting in Congress. “The Build Back Better Act is a huge step forward in meeting President Biden’s climate goals,” said Intersect Power chief Sheldon Kimber, part…