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Tagged with BP

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Big Oil's mountain of cash

Cross-posted from the Center for American Progress. This post was coauthored by Valeri Vasquez, special assistant for energy policy at the Center for American Progress. On Sept. 19, President Barack Obama announced his plan to reduce the deficit by $4 trillion over the next 12 years, including raising $1.5 trillion by closing special interest loopholes and other revenue raisers. This includes eliminating $41 billion in tax loopholes for the oil and gas industry [PDF, p. 63] over the next decade. Big Oil is predictably opposed to losing its unnecessary tax breaks. The American Petroleum Institute, or API, the oil industry's …

Read more: Climate & Energy, Oil

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Valdez redux? Scientists sound alarm over key Gulf fish species

Could one of the Gulf of Mexico's most abundant fish face the same fate as Prince William Sound's crashed herring population? A new study [PDF] by a team of researchers published in the Proceedings of the National Academy of Sciences raises alarming questions about the lingering effects of the BP oil spill on Gulf killifish. The minnow-like wetlands resident, also known as bull minnow or cacahoe, is a critical part of the Gulf's food chain and was chosen for study by a team of researchers because of its abundance and sensitivity to any effects of toxic pollution. The study finds that …

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BP will be messing up Australia next

The Great Australian Bight has all of the hallmarks of a place you really don't want to mess with — incredible marine diversity, endangered whales, awesome natural beauty. But the Australian government decided that this would also be a good place to let BP prospect for oil, and gave the company a tax break to ease their way on that project. As Australia's ABC Environment points out: Even the method used to hunt for oil reserves is destructive for sea life. Seismic testing is used by oil and gas companies to explore beneath the ocean floor for oil and gas …

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Shocker: BP oil spill was BP's fault

A federal report, based on an investigation by the Coast Guard and the Bureau of Ocean Energy Management Regulation and Enforcement, has officially placed the blame for the BP oil spill at the feet of -- who knew? -- BP. The report, released Wednesday, said in the days leading up to the disaster, BP made a series of decisions that complicated cementing operations, added risk, and may have contributed to the ultimate failure of the cement job. BP isn't alone in the stocks here -- cement contractor Halliburton (THOSE guys!) and Transocean, which owned the rig, also made mistakes. But …

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Return of the Monster Tar Balls!!

The scariest horror movies end with a hint that the killer or monster, though defeated, isn't dead and will rise again. With tropical storms sweeping through the Gulf, coastal residents are finding that zombie residues of the BP oil spill are coming out of their lairs to re-terrorize beach-goers, boaters, and the fishing industry. Tides hustled up by tropical storms are bringing oily residues, tar mats, and tar balls onto the beach. It's as bad as it sounds. Check out these pictures that NRDC collected — if you want to brave the sight of oozy, giant, black tar creatures. NRDC …

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BP funds push for more offshore drilling in oil-soaked Louisiana

Cross-posted from ThinkProgress Green. A little more than a year after its negligence led to the despoilment of the Gulf of Mexico, oil giant BP is funding a right-wing lobbying group that opposes regulation of offshore drilling. This week, the American Legislative Exchange Council (ALEC) is holding its annual meeting in New Orleans, La. ALEC is a political corruption group funded by Koch Industries and other corporations to write legislation for state-level Republican legislators. ThinkProgress has obtained a list of the conference's sponsors, and BP is at the head of the list as a "President" level funder. According to sources, …

Read more: Climate & Energy, Oil

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Critical List: Yellowstone pipe could have carried tar-sands oil; L.A. survived Carmageddon

The Yellowstone River spill could have included heavier, more corrosive tar-sands oil, federal officials said. This type of oil eats through pipes more quickly, and if ExxonMobiil was using those pipes to transport tar-sands oil, that decision could have contributed to the spill. Carmageddon = over. And it turns out that, given the choice to avoid the freeway by plane or bike, it’s faster to bike. It's not the best idea to buy meat from Japan right now. Just saying. Your fish oil tablets are destroying marine ecosystems. Now China is starting a carbon emissions trading program. Hey, that was …

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Gulf shrimping after the BP oil spill [VIDEO]

This second episode in New Orleans started with an early wake-up for a drive out to the tip of Louisiana. As we approached our destination, I noticed that many buildings were new -- storms had simply wiped out so much. Finding someone to take us out fishing was difficult: Gas is expensive, and it makes little sense for your average fisher to go out for less than a few days. Luckily, we found Sinh Pham, a Vietnamese fisherman eking out a living despite low dock prices for his shrimp, high fuel prices, and the uncertainty of the BP oil spill …

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Critical List: McKibben's march on Washington; speeding up permits for offshore drilling

Bill McKibben invites you to come to D.C. in August and march on the White House over and over and over again. The goal is to convince the administration that siphoning Canada's tar sands through the Keystone XL Pipeline is not a good idea, and also to get heat stroke. Transocean issued a report blaming BP for the Macondo spill. A Norwegian prosecutor issued a report blaming Transocean for $1.8 billion in tax evasion. House Republicans don't care who was to blame for the Macondo spill; they just want the EPA to approve permits for offshore drilling more quickly. Bored …

Read more: Climate & Energy

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Critical List: Rich countries renege on Copenhagen promise; solar panels get cheaper

Remember when, at Copenhagen, richer countries responsible for most carbon pollution promised to supply aid to poorer countries suffering the consequences? Yeah, that's not happening. People want to give Tony Hayward, the ex-BP head, money to buy oil and gas firms in emerging markets, perhaps because the idea of rich people fiddling with the economies of less-wealthy nations gives them warm fuzzy nostalgic feelings of colonialism. The debt limit fight is going to kill any chance of climate legislation, forever. The price of solar panels could drop to $1 per megawatt of energy by 2013, according to a study commissioned …

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