Execs: Blankenship jailed for mine disaster that killed 29
Don Blankenship, the notorious coal CEO held responsible for the West Virginia mining tragedy that killed 29 people in 2010, has been sentenced to a year in prison, reports the Washington Post.
Blankenship was found guilty of ‘conspiracy to wilfully violate mine health and safety standards’.
But he’s not the only energy executive feeling the heat. Bob Dudley, who runs BP, is facing mutiny by investors over his eye-watering £14m pay packet, according to Sky News.
One thing they might be pleased with, however: The $20 billion settlement for the Deepwater Horizon disaster looks like it will be 75% subsidised by US taxpayers, explains Robert Wood at Forbes.
On the other hand, The company’s sponsorship of cultural events and institutions is being dismantled, with the firm’s relationship with Edinburgh International Festival the latest casualty, reports the BBC.
This comes weeks after BP and Tate ended their sponsorship deal, and Energydesk did a roundup of cultural institutions which are still backed by Big Oil.
Meanwhile Michael Skapinker at the FT tells the British Museum to stick with BP.
US: Obama and Trudeau’s methane crackdown
The US president and Canadian prime minister will meet today to finalise the regulations for methane emissions outlined in their climate partnership last month, reports The Guardian.
Corporations are also choosing sides on the partisan climate fight being waged over Obama’s Clean Power Plan, with tech giants Google, Apple and Amazon all siding with the president, while – expectedly – fossil fuel energy companies stand against, reports the FT.
Google in particular is keen to ride the renewables wave, with ReCode detailing its green ambitions in Asia.
And, I mean, why wouldn’t they? Just look at today’s headline from Bloomberg: ‘Wind and solar are crushing fossil fuels’
That story basically says clean energy is now receiving twice as much global investment as fossil fuels.
US election: Clinton’s oil donations just won’t go away
The Democratic frontrunner continues to be plagued by accusations that she is cosy with Big Oil.
Writing in The Nation, Naomi Klein cuts to the core of the controversy surrounding Clinton campaign contributions by oil lobbyists.
She cites a new investigation by International Business Times that claims oil giants Chevron and ConocoPhilips gave millions to the Clinton Foundation whilst they lobbied the State Department for an tar sands pipeline that was ultimately approved.
But Clinton’s Republican opposition is unashamedly close with the fossil fuel industry.
One top GOP donor exactly isn’t on board with this line, however, and is spending $500k on a ‘conservative clean energy platform’ of nuclear, hydro and – yes – cleaner coal and gas, reports Bloomberg.
In other news
Climate: Scientists question models.