U.S. Rep. Edward Markey (D-Mass.) pounced on oil executives today with charges that all the big oil firms have nearly identical outdated emergency spill plans that reference “identical ineffective equipment.”
The plans, like the one used by BP for gulf drilling that references how to save walruses and lists a long-dead expert to call upon, reflect the industry’s inattention to the possibility of a major oil spill in the gulf or anyway.
As climate change accelerates, leading investment groups are asking to hear more from corporations about their plans to adapt and survive in a changing world.
U.S. investors – pension funds, labor, religious and other institutional investors – filed a record number of climate change resolutions in 2009.
The 95 shareholder resolutions were filed with 82 U.S. and Canadian companies, some of which face special challenges from climate change, according to a news release by Ceres, a coalition of investors, environmental and social responsibility groups.
Republican presidential candidate Arizona Sen. John McCain, who has historically opposed drilling in the Arctic National Wildlife Refuge (ANWR), has been uncharacteristically taciturn on the energy issue since he chose pro-drilling Alaskan Gov. Sarah Palin as his running mate.
Green-energy proponents find that ominous.
“With the pick of Alaska Governor Sarah Palin for his running mate, John McCain’s race towards the Bush administration’s failed energy policy is now complete,” Sierra Club executive director Carl Pope said recently. “… No one is closer to the the oil industry than Governor Palin. Along with her support for drilling in the Arctic Wildlife Refuge and off our coasts, she also opposes a windfall profit tax on the richest oil companies. …She has been dismissive of alternative energy, saying ‘alternative-energy solutions are far from imminent and would require more than 10 years to develop’, when in reality it is the oil she would like to drill that would take a decade to bring to market.”
“Obviously, it’s a very disappointing pick for a (presidential) candidate who at one time made a priority of getting us away from the old fossil fuels of the past – Sen. McCain,” said David Sandretti, the League’s communications director.