Big Oil is well-built and is going all out to fight climate regulations

In an interview with CNN, Mike Sommerers, president and CEO of the powerful American Petroleum Institute, said: “We are leaving everything here.

Since the US Senate approved the budget on August 11, the API has spent $ 423,000 on Facebook ads at least 213 times. Climate crisis.

“We will use every tool we have to oppose these ideas,” Sommerers said.

Climate activists have criticized the APU for trying to stop a one-generation effort to end the crisis.

The API knows that the future will be built on clean energy and that they have serious political problems. That is why they are doing everything they can to stop climate change and keep pockets for oil industry executives. Power, a media outlet set up by Sera Club and other environmental groups, told CNN.

“Their lies no longer work,” says Lods. The API is losing power in Washington and Congress will pass a better law and invest in a clean energy future for the next generation, ”he said.

Exxon will spend it to fight tax increases

Despite Big Oil pressure, Binden’s administration has indicated that it will continue to fight climate change.

A White House spokesman told CNN: “Resolving the climate crisis is a priority for President Beden.

ExxonMobil (XOM)InfluenceMap reports that the country’s largest oil and gas company has spent at least $ 1.6 million on Facebook since August 11 on its 31-million-page Facebook page.

Exx has spent a lot of money in recent days as lawmakers struggle to finalize the deal. InfluenceMap XXX spent $ 296,954 on Facebook ads with 5.4 million views between September 21 and September 27 alone.

In a statement to CNN, Exxon said the concern over the “redevelopment” was focused on the proposed legislation to increase corporate tax rates.

“Our evacuation efforts are linked to the tax burden that could hurt American businesses, and we have made that position public,” Excon said in a statement. ExxonMobil is committed to making US business more competitive.

Exxon has emphasized its support for the Paris climate agreement since its inception, and the company continues to “advocate for methane laws and the economic value of carbon.”

Natural gas is a key battlefield

However, API, which is a member of Exxon, Chevron and many other energy companies, is having problems with methane regulations in return for better planning.

The law pays for methane emissions from the oil and gas industry. Biden recently announced that the United States and the European Union have pledged to reduce methane emissions by 30% by the end of the decade.

Scientists say that methane is 25 times hotter than carbon dioxide, which is a central problem in climate change. Methane is a major component of natural gas, a key component of the American grid and heating system.

“It’s a major tax on US natural gas,” said API chief executive Somor. “What we are trying to win is an example.”

With natural gas prices soaring in the United States since 2014, the controversy has been exacerbated by rising inflation in Europe and Asia, leading to a power crisis that has led to a shutdown and bond bond.

Commenting on methane charges, Sommerers said: “As natural cover prices go up, especially in the winter, the last thing lawmakers need to do is increase prices for American consumers.

European gas crisis

Sommermers added that the rising natural gas prices in Europe should serve as a warning to US politicians.

“I would argue that the transition to power in Europe was very fast,” he said. Lawmakers in the United States should pay close attention to what they are seeing in Europe as a warning sign of what could happen here.

Of course, Somers’ policy is only for one reason in Europe. There is another reason – Russia.

“Russia continues to be a difficult player in the energy market,” Sorom said.

Climate change is exacerbating the US border crisis.  It will only get worse

In fact, Goldman Sachs reported on Friday that Russia’s large supply of natural gas is one of the biggest sources of mistrust in Europe. “Russia could aggravate or solve the gas shortage,” wrote Goldman Sachs.

Greening the grid. But how fast is it?

The API is also trying to better implement a clean electricity bill in a better way. The $ 150 billion program aims to stimulate the movement of renewable energy by rewarding utilities and electricity suppliers if they increase clean energy use.

He said the Somersers API is working hard to pass a clean electricity program or reduce the emissions in the energy industry.

“If we make that transition, we think it will increase costs and reduce reliability,” Somers said.

Proponents argue that the clean energy program will create millions of new jobs, while at the same time reducing greenhouse gas emissions from the energy sector and tackling climate change.
Why October 19 could be a bad day for the U.S. economy
President Joe Biden’s goal is to make the US grid work on clean energy by 2035 and 10035, a major goal that requires not only coal but also natural gas transfers.

He said the API would continue to push for government policies to reduce emissions, including a climate action framework to invest in methane and “market-based carbon prices” earlier this year.

“Republicans and Democrats agree on climate change,” Somers said. Our industry also works and is taking action, with innovative and supportive policies such as carbon prices and methane direct regulation.

Once again, the API’s efforts to water the developer’s best parts show the struggle behind the struggle to draft legislation aimed at tackling the climate crisis.


Leave a Comment