Five Stories: ExxonMobil Under Investigation; TransCanada Ditches Energy East Tar Sands Pipeline

Here are five recommended reads for today (11/6/15).

  1. The New York Times reports, “The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business.”
  2. According to the NRDC Switchboard blog, “TransCanada, the company behind the much beleaguered Keystone XL tar sands pipeline proposal, today announced that it would drop all plans for a Quebec-based port for its proposed Energy East tar sands pipeline and tanker proposal.”
  3. Renew Economy reports: “Two stunning auction results in India and Chile in the last week have underscored the extraordinary gains that large-scale solar has made against its fossil fuel competitors. In both countries, solar is now clearly the cheapest option compared to new coal-fired power stations. In Chile, where the auction was open to all technologies, fossil fuel projects did not win a single megawatt of capacity. And the auction produced the lowest ever price for unsubsidised solar – US6.5c/kWh.”
  4. According to The Guardian: “A major advertising campaign that claimed coal was ‘amazing’ and had ‘endless possibilities’ appears to have proved counter-productive, a new poll suggests. The net approval rating of coal fell by 9% after Australia’s mining industry ran the ‘Little Black Rock’ campaign, which began in September across TV, radio, press and online, and featured a close-up of a lump of glistening coal.”
  5. The New York Times reports, “The opening of an investigation of Exxon Mobil by the New York attorney general’s office into the company’s record on climate change may well spur legal inquiries into other oil companies, according to legal and climate experts, although successful prosecutions are far from assured.”