A new Accountable.US report suggests the fossil-fuel industry is misleading the American public on the cause of rising gas prices.
Kyle Herrig, president of the watchdog group, said as oil and gas companies point fingers at the Biden administration, they continue to rake in profits and raise prices on consumers. He pointed to soaring windfalls gained by industry giants British Petroleum, Chevron, Exxon/Mobil and Shell.
"Combined, the four companies posted nearly $25 billion in quarter four of 2021, bringing their total profits last year to over $75 billion," Herrig reported.
Herrig noted instead of offering relief at the pump, oil companies have used profits for stock buybacks and shareholder dividends. The American Petroleum Institute and others are calling on President Joe Biden to increase domestic production by relaxing regulations and opening up new oil and gas leases on public lands.
Rep. Raúl Grijalva, D-Arizona, said the fossil-fuel industry is recycling old talking points about how more drilling and fewer regulations will bring down gas prices. He argued oil and gas companies are already sitting on 26 million acres of leases, and 53% are not producing.
"These same companies already have over 9,000 approved permits they can use whenever they want," Grijalva pointed out. "And the very companies with thousands of acres of existing leases and hundreds of unused permits are the same ones shouting that they need more land for drilling."
Herrig believes the current crisis in Ukraine is an important reminder of how a fossil-fuel-based economy is too unpredictable, and makes Americans dependent on the decisions of oil companies and hostile foreign leaders like Putin.
"We must invest in our future and secure real energy independence by speeding up the production of cheaper, cleaner energy here at home," Herrig contended. "So we aren't impacted by foreign supply-chain disruptions or conflicts overseas."
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Researchers at Iowa State University are taking aim at the huge amount of energy used by data centers, now and in the future. They have developed a material as thin as an atom to reduce power consumption.
A national study showed by 2030, 9% of the country's energy will be consumed by data centers, keeping the internet, AI applications and other technology humming.
Matthew Panthani, associate professor of chemical and biological engineering at Iowa State University, and his team are focused on using light rather than heat to generate power for the data centers sprouting up close to home.
"Iowa seems to be a popular place to build data centers," Panthani observed. "Meta and other companies have built data centers, even in the Des Moines area. They're taking advantage of the relatively low electricity prices afforded by wind energy."
Panthani's lab is focused on developing atom-thin sheets of a silicon-germanium alloy which are stacked in layers and used to create highly energy efficient semiconductors, which can be used in power-hungry data centers.
Using light to transmit data is not new. Companies have used fiber optic technology to transmit light across oceans, for example. But Panthani pointed out doing it on a much smaller scale, such as between components on the computer chips in data centers, is something quite different.
"That's really because there isn't a material that can enable scalable, on-chip light sources," Panthani explained. "The materials that we're developing are intended to have properties, both the manufacturability and properties, that could enable that."
According to the Electric Power Research Institute, the internet's 5.3 billion users can demand as much power as 800,000 households. It will sharply increase this decade, sending the demand even higher and making new technology like this even more important.
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Rising demands for clean energy efficiency are producing a wealth of work opportunities in Illinois. These in-demand jobs are also promoting a healthier environment. According to the Energy.gov report, Energy Facts: Impact of the Investing in America Agenda on Illinois, The Inflation Reduction Act will contribute to job increases by producing $18 billion of investment in clean power generation and storage by 2030. E2 is a nationwide network of business leaders that focuses on environmental and economic policy.
Michaela Preskill, state director of advocacy for E2, said Illinois' "robust and growing" clean energy jobs are driving economic growth.
"Clean energy jobs grew by over 4% last year, and that's eight times faster than the state's overall economy," she said.
Workers manufacturing Energy Star appliances are using advanced materials for the construction and servicing of homes and commercial buildings. These efforts result in cost-effective lighting and HVAC systems, Preskill noted, which saves consumers and homeowners money. The report also claims the Inflation Reduction Act means commercial building owners can receive up to $5 per square foot in tax credits to support energy efficiency improvements.
Clean energy industry watchers predict an 8% growth of employees in Illinois in 2025. Preskill said there is no indication the trend will slow down, but diversity is an issue. The site 'Save-on-energy-dot-com,' says women represent only 22% of workers in the energy sector and 32% in the renewable energy sector. She admits the field is traditionally male, but is optimistic for change.
"It's about 70% male, 30% female in Illinois. We are seeing that more and more females enter year after year. And I think it will slowly become more inclusive. But we got some work to do for sure," she explained.
The International Energy Agency site reports female employees in the energy sector earn nearly 20% less than male workers.
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Groups concerned about pollution and climate change are asking Gov. Gavin Newsom to sign a trio of bills dubbed the "make polluters pay" package.
Assembly Bill 1866 would increase fees on 40,000 idle oil wells and accelerate cleanup.
Nayamin Martinez, executive director of the Central California Environmental Justice Network, said right now, companies often pay fees without actually cleaning up "orphan wells."
"The authorities are not proactively going and inspecting these sites," Martinez pointed out. "We have a program that goes to do inspections on active and abandoned uncapped wells, and we have found that many of them are leaking."
The Western States Petroleum Association argued current regulations are sufficient and companies are making progress plugging their idle wells.
A second measure, Assembly Bill 3233, would protect local communities' rights to limit oil drilling. It comes in response to a lawsuit from Chevron, eliminating a part of 'Measure Z' in Monterey County, which would have required companies to phase out oil drilling in that area.
Raquel Mason, senior legislative manager for the California Environmental Justice Alliance, said oil wells leak methane, a potent greenhouse gas, and release other toxic substances into the air and water.
"Those pollutants that are coming off these wells can have different health-harming impacts like respiratory issues, different types of cancer, headaches, nosebleeds," Mason outlined. "We hear about too often from community members who are living near these types of facilities."
A third bill would fine oil companies in the Inglewood Oil Field in Los Angeles $10,000 a month for operating low-producing wells near local neighborhoods.
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