«Statoil is removing the «oil» from their name at the same time they are trying to add risky Australian
deepwater drilling projects to their portfolio and expand into the pristine...
Not exact matches
And on October 21, just days after Washington lifted the
deepwater drilling moratorium, Chevron announced a $ 7.5 billion
project to develop two oil fields, Jack and St. Malo, lying 7,000 feet below the waves 280 miles south of New Orleans.
The White House in February sent out draft guidance to the Department of Interior and other government agencies urging them to reassess how they dispense «categorical exclusions» that allow many
projects, including the
Deepwater Horizon's ill - fated
drilling effort, to avoid having to undertake detailed environmental impact reports required under the National Environmental Policy Act.
The administration's moratorium on
deepwater drilling and the slow pace of new permitting since the ban was lifted in October are
projected to cut production there by 20 percent in 2012.
Hence, if you want to change directions, you have to influence the politics — you have to work to prevent the Koch Brothers from destroying California renewable energy initiatives, you have to work to eliminate federal subsidies and liability caps for fossil fuel
projects (which would mean that oil
drillers would have to post $ 10 billion bonds for every
deepwater project they initiated), and — for academic scientists — you have to lobby your academic administrators to cut their ties with shady fossil fuel interests like BP and Exxon, and work to open renewable energy research institutes at America's leading universities.