Image: Matthew Brown/AP
Following three years of investigation, Senate and House Democrats published a report this week detailing allegations that large oil companies have deceived the public about the negative climate effects of natural gas.
The report centers around internal conversations between 2015-2020 that were obtained from major oil companies and organizations – including BP, Chevron, Exxon, and Shell – via subpoena.
By the numbers: Natural gas, aka methane gas, produces fewer carbon emissions when burned for energy compared to coal – but it’s prone to consistent leaks across nearly every stage of production. The EPA estimates that about 6.5 million metric tons of methane leak from America’s oil and gas supply chain each year, or roughly 1% of total natural gas production.
On the flip side: Several oil companies named in the report pushed back against its characterizations, rejecting claims that they misled the public. Some Republican lawmakers and oil officials also noted that fossil fuels like natural gas are currently an irreplaceable part of the US economy, since they deliver huge amounts of relatively cheap and concentrated energy that renewable sources can’t yet replicate at scale.
👀 Looking ahead… In a Senate hearing yesterday regarding the big oil report, Democratic lawmakers said they would push for new legislation aimed at addressing oil companies’ actions.
✍️📵 President Biden signed into law a bill forcing Chinese tech giant ByteDance to sell TikTok within the next 9-12 months or face a US ban, kicking off what’s sure to be a protracted legal fight.
đźš… Construction officially began yesterday on Brightline West, a new $12 billion high-speed passenger line connecting Las Vegas and the Los Angeles area.
⚖️ The first-ever criminal trial of a former US president officially kicked off yesterday, with Donald Trump appearing in a New York City courtroom for the start of jury selection.
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