fossil fuel

Congress to abolish crude export restrictions, oil refiners to receive $3 a barrel tax break

The US Congress is pushing a tax break for oil refiners as a compromise to finally allow unrestricted crude-oil exports. According to The Wall Street Journal, the bill could potentially end the long-time ban on U.S. oil exports, which has been around for forty years.

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Philanthropies, including Rockefellers and Investors pledge $50 billion fossil fuel divestment

The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals on Monday will announce pledges to divest a total of $50 billion from fossil fuel investments.

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