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26.03.26 - 16:07
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Fossil fuel companies finally accept the climate crisis – just not their role in it (The Guardian)
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The era of corporate climate denial is over but in courts around the world the big names have shifted strategyWhile the US government continues to call climate change a hoax and attack the science, in courtrooms from The Hague to Honolulu, fossil fuel companies are taking a different approach. Shell, Chevron, RWE and TotalEnergies all accept that climate change is real, human-caused and serious. The era of corporate climate denial, at least in legal proceedings, is largely over.What has replaced it is a more nuanced position: accepting the science of climate change while contesting their responsibility for it. Continue reading......
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26.03.26 - 03:30
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Chevron Warns California Facing Historic Fuel Crisis As Diesel Hits Record $7 (ZeroHedge)
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Chevron Warns California Facing Historic Fuel Crisis As Diesel Hits Record $7
The world's biggest energy execs are currently at the annual CERAWeek conclave in Houston where, understandably, they are dropping bulletin bombs reeking of fire and brimstone, and warning the already critical oil/gas situation will only get worse if the pre-war status quo isn't restored (which incidentally will be great for their bottom lines... until the world is tipped into a recession).
Take US oil giant Chevron, which warned that California is careening toward an energy crisis because of the Iran war (which will likely be resolved soon), and that the company may quit refining oil in the state unless officials roll back taxes and regulations (which is unlikely to ever be resolved as long as Dems are in charge of the Golden State).
California is highly exposed to the disruption rippling across commodity markets because it imports about 20% of its refined fuels from Asia. But as extensively discussed here, oil ...
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25.03.26 - 23:01
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Chevron threatening to leave California (The Hill)
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Chevron said it is threatening to close its oil refineries in California due to overregulation, which the oil company said is contributing to price spikes amid the war in Iran. Due to California's taxes, emissions rules and other regulations, which hit gas costs harder than in many other states, the price per gallon is well......
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