How Third-Party Auditors Make Oil Industry Fraud Possible
The accounting companies hired by oil companies to evaluate their inflated financial claims are on the hook from investors frustrated by the lack of accountability.
Justin Mikulka
SEC Finds Fracking Sand Company Misled Investors With Claims of ‘Game Changing’ Sand
Fracking sand company Fairmount Santrol had a very clever corporate slogan for being in the business of selling products for oil and gas wells: “Do Good, Do Well.”
Fossil Fuel Companies’ Tough Sell: Oil and Gas Sites With Costly Environmental Clean-up
Last year was rough for major oil companies. BP, Chevron, ExxonMobil, Shell, and Total suffered a combined $77 billion in losses for 2020. And now, as Reuters reports, many are trying to sell-off “dozens of oil and gas fields and refineries worth more than $110 billion to curb both their
Fossil Fuel Tax Programs to Cut Emissions Lead to Lots of Industry Profit, Little Climate Action
Reuters revealed that financial institutions, including Goldman Sachs, were making huge profits off the program, despite it not effectively reducing emissions.
Analysis: Some Fracking Companies Are Admitting Shale Was a Bad Bet — Others Are Not
In February, Equinor CEO Anders Opedal had a brutally honest assessment of the Norwegian energy company’s foray into U.S. shale. “We should not have made these investments,” Opedal told Bloomberg. After losing billions of dollars,
Analysis: How Exxon Is Being Forced To Accept The Reality Of Bad Fossil Fuel Investments
Last August, ExxonMobil warned that it may need to remove 20 percent of its oil and gas proved reserves from its books. While that was a shocking number from the oil major, reality proved to be even more of a shock to the company.
Analysis: The Natural Gas Industry Is Trying To Deny How Affordable Renewable Energy Is
Fossil fuel industry supporters and climate deniers are pushing a new climate falsehood when it comes to renewable energy: that natural gas offers a more affordable future. And they’re focusing their misinformation campaign on New Jersey.
Rather than denying the existence of climate change, the industry has switched to