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Author Topic: Fossil Fuel Propaganda Modus Operandi  (Read 6210 times)

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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #30 on: May 23, 2014, 01:09:31 am »
A new report details the extreme measure that the fossil-fuel industry has taken to attack clean energy.

 Gabe Elsner, Energy and Policy Institute 
 May 22, 2014
Fossil fuel-funded front groups repeatedly spread disinformation on renewable energy standard and net metering policies in an effort to overturn pro-clean energy laws in 2013 and 2014.

A new report details the efforts of these front groups to eliminate clean energy policies across the country. The fossil fuel lobby aggressively uses lobbying and propaganda to achieve their goals. Self-identified “free market think tanks” are among the most effective advocates for the fossil fuel industry to lobby for policy changes. Dozens of these so-called free market organizations, a majority of which are members of the State Policy Network (SPN), worked to influence state level energy policies and attack the clean energy industry.

These organizations are usually described in neutral, nondescript terms, such as “think tank,” “institute,” or “policy group,” but publicized internal documents from the American Tradition Institute, Heartland Institute, and the Beacon Hill Institute suggest that these types of organizations embrace transactional relationships with the corporate lobbying interests that fund their operations.

The Beacon Hill Institute, a “think tank” based out of Suffolk University (and a Koch-funded member of SPN) submitted a controversial grant request to the Searle Freedom Trust, a prominent conservative foundation, in they expressly stated: “Success will take the form of media recognition, dissemination to stakeholders, and legislative activity that will pare back or repeal [the Regional Greenhouse Gas Initiative (or RGGI)].” In other words, the Beacon Hill Institute proposed to pursue biased economic research to support the express goal to “pare back or repeal” a regional climate change accord — all before the institute performed any research determining the economic effect of the law.

Another example of the pay-to-play nature of these so-called “think tanks” comes from Heartland Institute’s Internal fundraising documents which stated: “Contributions will be pursued for this work, especially from corporations whose interests are threatened by climate [change] policies.”

Despite positioning themselves as ideologically-focused on smaller government, dozens of these organizations aggressively denounce policy investments in clean energy as market-distorting and unnecessary, while remaining silent on the far-larger, decades-old stream of taxpayer dollars and policies supporting oil, gas, and coal interests.

Over the years, government support for fossil fuels has come from a variety of sources: tax deductions, tax credits, direct subsidies, cheap access to public property, pollution remediation, research and development, and entire government agencies devoted to helping promote and assist fossil fuel industry growth.

By all credible measurements, fossil fuel subsidies are massive and extremely unpopular, and are flowing to some of the most highly profitable industries on earth. Yet, fossil fuel subsidies go largely unmentioned by these “free market” groups, such as the Heartland Institute, despite their avowed opposition to wasteful government spending.

Fossil fuel-funded front groups operate in multiple areas to influence the policy-making process in their attempts to eliminate clean energy policies. First, groups like the Beacon Hill Institute provide flawed reports or analysis claiming clean energy policies have negative impacts. Next, allied front groups or “think tanks” use the flawed data in testimony, opinion columns, and in the media. Then, front groups, like Americans for Prosperity, spread disinformation through their grassroots networks, in postcards mailed to the public, and in television ads attacking the clean energy policy. Finally, lobbyists from front groups, utilities, and other fossil fuel companies use their influence from campaign contributions and meetings with decision makers to push for anti-clean energy efforts.

Instead of advocating for a fair and free market for electricity, over the past year and a half, fossil fuel front groups have advocated to repeal, freeze, and eliminate pro-clean energy policies across the country on behalf of allies and funders in the fossil fuel industry. >:(

This is an exceprt from a new report, issued today by the Energy and Policy Institute entitled "Attacks on Renewable Energy Standards and Net Metering Policies by Fossil Fuel Interests and Front Groups 2013-2014." You can download the 35-page report at this link.

http://www.renewableenerg...s-attack-renewable-energy
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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #31 on: May 25, 2014, 05:43:52 pm »
Quote
“We can’t fund our schools on a boom-or-bust industry,” Arnold said before she was ushered off the stage. “They’re poisoning our state and ruining our chance for a strong economic future.”
Elizabeth Arnold  


https://www.youtube.com/w...p;feature=player_embedded
A pleasant INTERRUPTION of Fossil Fuel (Fracking LACK  ;) of discussion in this case) Propaganda MO.  ;D

Watch a Pennsylvania Woman Disrupt Democratic Gubernatorial Candidates Who Avoided Fracking Discussion        

Brandon Baker | May 19, 2014 12:32 pm

http://ecowatch.com/2014/...oman-candidates-fracking/
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Watch ‘Gasland’ Director Josh Fox Brilliantly Avoid James O’Keefe’s Oil Entrapment

Brandon Baker | May 25, 2014 9:00 am | Comments

Gasland director Josh Fox recently found himself in a game of “Gotcha.” That is, until he turned the tables back around on the man who tried entrapping him.

Conservative activist James O’Keefe had loads of fun in recent years staging scams and releasing audio and video recordings of notable people who were supposedly caught in compromising or contradictory situations. He thought he had the perfect plan for Fox—an over-the-phone offer to fund a future project with so much oil money that even an environmentalist like Fox wouldn’t pass it up.

However, a listen to the recording lets you know just how poorly O’Keefe thought this thing out. He also didn’t anticipate that Fox would recording the conversation as well. That was perfect for exposing how O’Keefe edited the chat to give people the perception that Fox was a sellout.

MSNBC’s All In with Chris Hayes captures it all and lets Fox explain why he also recorded the odd conversation:

GREAT VIDEO! Don't miss it!  ;D

http://ecowatch.com/2014/...-james-okeefe-entrapment/
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“Personally, I don’t think it proper for any American to use that argument,” said Donald. J Wuebbles, a distinguished professor of atmospheric sciences and coordinating lead author for the U.N. Intergovernmental Panel on Climate Change’s 2013 assessment report.  


Boehner Says He’s ‘Not Qualified’ To Talk About Climate Science. Here’s How Scientists Responded


By Emily Atkin on May 29, 2014

http://thinkprogress.org/...boehner-climate-comments/
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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #34 on: June 14, 2014, 10:42:03 pm »

Chevron Hides Evidence That Proves Guilt in Ecuador Rainforest Contamination Case
Karen Hinton | June 13, 2014 1:03 pm |


In the wake of a controversial U.S. court ruling that a $9.5 billion Ecuador judgment against Chevron is fraudulent, the oil giant has been touting loudly its innocence of any environmental crimes in the South American country.


Chevron’s lawyers even successfully pressured some CBS News corporate suits to yank a damning 60 Minutes piece from the network’s website about the deliberate contamination of the Ecuador rainforest from 1964 to 1992 by Texaco, which Chevron later bought.

Instead of succumbing to Chevron’s pressure tactics, CBS’ lawyers should grow a backbone and demand to see contamination “playbook” documents that Chevron has been forced to produce in an international arbitration proceeding.

They are explosive and prove 60 Minutes got it right, and the U.S. judge got it wrong.


The playbook details how the company hid evidence of contamination during an eight-year Ecuador trial resulting in a $9.5 billion damage award that the Ecuadorians are waiting for Chevron to pay.
Meanwhile, Chevron is claiming in arbitration that the Republic of Ecuador should pay the judgment, and the two parties are duking it out before a panel of corporate trade lawyers who rent office space at The Hague and act as “judges”—more about them later.

The playbook took center stage in a recent arbitration filing by Ecuador. It appears the country’s lawyers have gotten their hands on much of, if not the entire, playbook, but the corporate trade lawyers are requiring Ecuador to redact or cover up the really damning evidence.

Even so, a recent rejoinder filed by Ecuador reveals enough to demonstrate what a morally bankrupt company Chevron is.

Here’s what we know about the playbook, pieced together from the filings of both the Ecuadorians in U.S. court and the Republic of Ecuador in arbitration.

In 2011, the Ecuadorians obtained a few pages from the playbook and tried to enter them into evidence during Chevron’s “fraud” trial, but Federal Judge Lewis Kaplan refused to allow any evidence of contamination into the record, including the small excerpt from Chevron’s playbook.(See my recent blog about this legal travesty, and this earlier 2011 press release about the playbook)

During the Ecuador trial Chevron’s paid experts wrote the playbook to document how to handle the contamination they found at the well sites in soil and water tests.

Without the knowledge of the Ecuador court, Chevron’s experts conducted unofficial and secret pre-inspections of the sites so they could avoid the badly contaminated areas during the official judicial inspections.  (page 63 in the rejoinder)

Their pre-inspection findings would have been devastating to their case had they been turned over to the court. So they never were.  (page 63)

Instead, they used the results to avoid the contaminated areas and test at clean spots,   usually from soil and water at elevations higher than the huge, unlined and open pits Texaco built to store permanently pure crude and toxic water.

Quick backgrounder: Texaco explored for oil in Ecuador from 1964 to 1992 and was the sole operator of the well sites during that time. The Ecuadorians filed their original lawsuit in the U.S. against Texaco in 1993, one year after Texaco left Ecuador. A U.S. judge dismissed their lawsuit ruling in 2001 at Texaco’s urging the litigation should be heard in Ecuador. That year, Chevron bought Texaco. In 2003, the Ecuadorians re-filed their case in Ecuador but not before the U.S. 2nd Circuit Court of Appeals instructed Chevron that it must accept Ecuador’s jurisdiction, which it did.

Chevron routinely used deceptive methods, such as mixing clean soil with dirty and undercounting hydrocarbons, to hide or reduce toxic chemicals in samplings. (pages 66-72)

This table below (at link), taken from the arbitration filing, reflects just a few of the thousands of pages of playbook notes Chevron’s experts and field personnel took, describing the contamination and advising the company about ways to avoid it during the official judicial inspection:

It’s heavily redacted. If it’s true—as Chevron says it is —that the oil giant is innocent  , and the truth is what it seeks , then why won’t Chevron release the un-redacted, unedited playbook for all to see?  >:(

Read the rest of this article here and please pass it on! We want everyone to know what these conscience free fossil fuelers are ALWAYS up to when one peeks beneath their mendacious happy talk propaganda (I.E. ALWAYS Profit over Planet! ).

http://ecowatch.com/2014/...guilt-ecuador-rainforest/
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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #35 on: June 15, 2014, 01:53:04 am »
Groups Call on FCC to Investigate Radio Stations Airing False Ads on New Carbon Standards   
EcoWatch | June 12, 2014 10:19 am
In an effort to elicit a federal investigation into radio stations airing false advertisements critical of the Obama Administration’s new carbon standards, more than two dozen organizations sent an open letter to the Federal Communications Commission (FCC) yesterday.

The letter urges the FCC to look into 23 radio station in five states—Arkansas, Colorado, Indiana, Michigan and Pennsylvania—that are still airing a widely discredited ad paid for by the National Mining Association    despite repeated requests that it be taken off the air.



The above is Mendacious Scare Mongering propaganda by the fossil fuelers
A print and radio advertising campaign paid for by the National Mining Association is spreading false information about the Obama Administration’s new carbon emission standards.

The ad makes deceptive statements about the first-ever proposed federal limits on carbon pollution from power plants. This ad earned “four Pinocchios”—their highest rating—from Washington Post fact checkers, because they found the ad to be “wholly unsupported” and “bogus.”

According to Natural Resources Defense Council, the groups question whether the stations are properly serving their communities, noting that the FCC has advised broadcasters to ensure ads run on their stations are not false.

The full text of the letter follows:

June 11, 2014

Chairman Tom Wheeler
Commissioners Mignon Clyburn, Jessica Rosenworcel, Ajit Pai and Michael O’Rielly
Federal Communications Commission
445 12th Street SW
Washington, D.C. 20536

Dear Chairman Wheeler and Commissioners Clyburn, Rosenworcel, Pai, and O’Rielly:

We write to ask you to investigate 23 radio stations that continue to run a false and misleading radio advertisement, sponsored by the National Mining Association (NMA), despite extensive and detailed critiques of the ad. The ad is airing in five states: Arkansas, Colorado, Indiana, Michigan and Pennsylvania. We have sent multiple letters over the last three weeks to the respective stations’ managers, requesting that the radio stations cease airing the NMA radio ads, but these requests have gone unanswered. We ask that the Federal Communications Commission initiate an investigation into the licensees airing the deceptive NMA radio advertisement.

The central claim of the National Mining Association ad, which has been determined to be false by independent researchers, is an inaccurate and duplicitous statement about the impact of proposed clean air standards. The Washington Post fact checkers called the NMA ad claims “bogus,” “hyped,” and “wholly unsupported.” They concluded that “the ad does not pass the laugh test” and assigned the ad “four Pinocchios,” their worst rating. In addition, the Denver Post declared that the radio ad “flunks the truth test.” Both articles are attached for your review.

The National Mining Association has attempted to defend its deceptive ad against The Washington Post’s analysis, but in doing so has simply created more misleading claims. Attached to this letter is a point by point refutation of the flawed arguments in NMA’s most recent letter.

The FCC has advised broadcasters that they are “to be responsible to the community they serve and act with reasonable care to ensure that advertisements aired on their stations are not false or misleading.” We request that the FCC investigate whether the radio stations running this misleading advertisement are properly serving their communities.

Sincerely,

Natural Resources Defense Council

350.org

Arkansas Sierra Club

Center for Biological Diversity

Clean Wisconsin

Climate Parents

Climate Solutions

Earth Day Network

Environment America

Environment Michigan

Environmental Defense Fund

Forecast the Facts

Greenpeace USA

Interfaith Power & Light

Iowa Environmental Council

Iowa Interfaith Power & Light

League of Conservation Voters

Michigan Environmental Council

Montana Environmental Information Center

Oregon Environmental Council

PennEnvironment

Protect Our Winters

Public Citizen

Re-Volt Pueblo

Snake River Alliance

Southern Environmental Law Center

SustainUS

Western North Carolina Alliance
http://ecowatch.com/2014/...lse-carbon-standards-ads/
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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #36 on: June 20, 2014, 10:35:59 pm »
Big Oil and Big Guns: Not so strange bedfellows


Questions arise over why oil and gas companies are donating money to gun groups with seemingly opposing political aims


June 16, 2014 5:00AM ET

by Jamie Tarabay - @jamietarabay
http://america.aljazeera.com/articles/2014/6/16/big-oil-and-big-gunsnotsostrangebedfellows.html


Agelbert NOTE: Interesting first article in a series. It turns out that ONE zip code in the DFW is the origin of MOST of the "donations" to politicians on behalf of BIG OIL!  :o
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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #37 on: July 01, 2014, 04:11:56 pm »
2012 interview. The oil bastards don't know when to stop trashing the planet! It's up to us to STOP them.

Way ahead of you Anthony. May I recommend you join those of us already DOING something about it, get rid of that Camry and become part of the solution, not the problem!



Mr. MKing,
I'll make a deal with you. YOU PROVE you have DIVESTED from ALL Fossil fuel investments, stocks, mutual funds or whatever AND I WILL, not sell, but RECYCLE the metal, glass, wiring, rugs, plastic, rubber and whatever else is of use from the camry so NOBODY ELSE can run it ever again.  ;D

You see, I can add and subtract quite well. I'm not into creative, the will makes the reality, type "math".

IOW, when you PROFIT from dirty energy to BUY a clean energy (e.g. Bush's ranch had geothermal power installed from big oil profits!) you have not done JACK **** to improve the biosphere or the corruptus in extremis status quo that is killing us.

You are akin to the rich man that engages in "philanthropy" to green wash his putrid, greedball, conscience free, predatory dog eat dog mentality.

If you HAVE a conscience, I can help you overcome your "guilt" feelings for promoting a dirty energy world through your lifetime piggery. I will joyfully accept your used Volt free so you can buy a brand new ALL ELECTRIC Leaf!  ;D

Right. I didn't figure you would be interested...

I'm bad. I drive a 1997 camry to the grocery store, pharmacy and doctor's and pacemaker appointments (and to a "gulp" gas station every now and then   :-[) less than 2,000 miles a year. I am such an environment destroyer I should just STFU, right?

And since you are DOING so much to save the world, are you in favor of BANNING the manufacture and sale of ALL internal combustion engine powered cars RIGHT NOW?

I am.

Well, ARE YOU ARE YOU NOT in favor of that?

Are you in favor of shutting down ALL the coal fired power plants in the WORLD ( And spare the FUD that "we are all going to die" from a civilizational collapse if we do that. ;)) RIGHT NOW?

I am.

Well, ARE YOU ARE YOU NOT in favor of that?

Are  you in favor of shutting down ALL the nuclear power plants in the WORLD RIGHT NOW and pulling the turbines out and installing them in geothermal power plants (600C is 600C and those giant steam turbines down give a **** where the heat came from! )  or not?

I am.

Well, ARE YOU ARE YOU NOT in favor of that?

Are  you in favor of MANDATING that ALL remaining fossil fuel power plants in the WORLD switch to biofuel feedstock hydrocarbon fuels within a decade or not?

I am.

Well, ARE YOU ARE YOU NOT in favor of that?

Are  you in favor of eliminating ALL energy subsidies, direct and indirect on Fossil, nuclear and renewable energy technology RIGHT NOW or not?

I am. Well, ARE YOU ARE YOU NOT in favor of that?

Do your good deed for the day, Mr. World Savior. Sign my ****ing petition and show me how wrong I am about you. http://www.care2.com/go/z/e/Ai3Tb 

Only Care2 sees your name, address and e-mail (you can elect to not have your name displayed  8) ). All I see is the general geographic area.

Have a nice day.  ;D

For those who think I am a piggy compared with MKing, remedial classes on materials engineering, MTBF, manufactured product life cycle costs (all of them) and cost accounting are available at UVM.   ;D
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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #38 on: August 14, 2014, 07:34:52 pm »
Flaw and Order: How Brookings  Got Its Analysis of Wind and Solar Costs So Wrong 

SNIPPET 1:

Pick your metric:

levelized cost of energy,
saved carbon,
cash flow profile,
financial return,
annual and
cumulative installed capacity or
global investment.


By any meaningful set of accurate data and recent trends, renewables such as PV and wind are making rapid and accelerating inroads against incumbent fossil fuels -- precisely because they’re proving themselves increasingly economical, not because they’re supposedly swimming against the economic tide.
 

SNIPPET 2:

The “ripped from the headlines” data and recent real-world trajectories of renewables show a low-carbon electricity future based on solar and wind is being built as fast as or faster than RMI’s analysis predicted it could.


That’s not because renewables are defying economics (as Dr. Frank’s defective analysis would suggest they are), but because their ever-more-competitive economics reinforce their expanding gains against incumbent power stations.      ;D
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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #39 on: August 23, 2014, 01:54:46 pm »
MORE MATH CHALLENGED BS From the Economist posing as "balanced" Journalism in the service of "Doing the math" on Renewable Energy costs.
The cost of renewable energy; New numbers, same conclusion 


Aug 22nd 2014, 17:59 by J.P.

http://www.economist.com/.../08/cost-renewable-energy

Agelbert's comment posted at the Economist for all Mking math challenged prevaricators to enjoy.  ;D


Dr. Frank is mendacious and duplicitous. Dr. Lovins is being far too polite. It's time for the Economist to admit that Renewable energy is NOT an issue of 'balance' about whether it actually costs more than Fossil Fuel and/or Nuclear power Energy. But that would require the "Economist" to ADMIT that the biosphere IS the ECONOMY, not their convenient and resource extraction and pollution cost IGNORING view of the human "economy" taught for over a century in business schools for the "benefit" of predatory Capitalism which, in the final analysis, is ANTI-Capitalistic because it DESTROYS, rather than accumulates, Capital.

Fossil fuel Government 2 minute Video Clip from "The Age of Stupid" Video:
http://viewrz.com/video/fossil-fuel-government


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AGelbert

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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #40 on: August 26, 2014, 01:53:14 pm »
Quote
With all due respect to the American Council for an Energy-Efficient Economy and the Alliance to Save Energy  ;D, energy savings lack an amplifier powerful enough to make their important signals audible over the supply-side hype, so efficiency continues to be underestimated or ignored.

This omission makes governments and firms misallocate even more financial, physical, and political capital to costlier, slower, and less effective supply expansions.

Reduced energy intensity could have fueled about three times as much recent global economic growth as increased supply, but the supply industries  :evil4: own more like 99 percent of the message.  ;)
Amory Lovins RMI cofounder and chief scientist  

Energy Efficiency: The Secret Revolution

SNIPPET:

Increased efficiency matters: lower consumption due to 1974–2010 drops in energy intensity was the largest single energy resource across the 11 IEA member countries’ aggregate total final consumption — bigger than either oil or the combined contributions of gas, electricity, and coal.

Had those 11 countries produced their 2010 GDP at their 1974 delivered energy intensities, they’d have used 65 percent more energy than they did. Reduced intensity has fueled half the world’s growth in energy services since 1970 — as much as all supply expansions. Who knew? 


Agelbert NOTE: The Fossil Fuel Industry BEAN COUNTERS KNEW and are threatened by that knowledge! 

And THAT is why the fossil fuel prevaricating and mendacious bullshit artists (Hi S3 Mking!   ;D) harp on the "math" of SUPPLY AND DEMAND. 

Te conozco bacalao / aunque venga disfrazado
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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #42 on: September 24, 2014, 11:41:02 pm »
Behold an excellent example of what the Fossil Fuelers routinely, with Malice and Aforethought, DO. 

I found this from the Union of Concerned Scientists. It's breathtaking how fossil fuelers took a REAL study, twisted it, BUT KEPT the title and cover all the way to the color scheme EXCEPT for the temperature graph. I mean, this is the most IN YOUR FACE Mendacity  I have EVER SEEN!  :o


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Re: Fossil Fuel Propaganda Modus Operandi
« Reply #43 on: October 03, 2014, 07:03:49 pm »
Congressman proves we have nothing to fear from global warming because Science  ;D

http://www.dailykos.com/s...l-warming-because-Science
                                       

There you have it, fellow scientists; Scientific PROOF that it is possible for Money AND BULL S H I T to TALK simultaneously.
Quote

"Money talks and Profit over Planet Bull s h i t walks too!"
 Chapter 9 verse 11 of the Fossil Fueler Luciferian Bible

                              


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Description

Schlumberger N.V. (Schlumberger) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company’s segments include Reservoir Characterization Group, which consists of the principal technologies involved in finding and defining hydrocarbon deposits; Drilling Group, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells, and Production Group consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Subsea, Water Services, Carbon Services and the Schlumberger Production Management field production projects.   SLB  has a Mkt cap of 126.44B and operates in 80 countries. SLB has EXTENSIVE gas drilling operations in the USA.


From the fine print in a Schlumberger FORM 10−Q QUARTERLY REPORT  :o  

Any dilution of, or decrease or delay of any accretion to, Schlumberger’s earnings per share could cause the price of Schlumberger’s common stock to decline.


Demand for our products and services could be reduced or eliminated by governmental regulation or a change in the law.

International, national, and state governments and agencies are currently evaluating and promulgating climate−related legislation and regulations that are focused on restricting greenhouse gas (“GHG”) emissions.  In the United States, the Environmental Protection Agency (“EPA”) is taking steps to require monitoring and reporting of GHG emissions and to regulate GHGs as pollutants under the Clean Air Act (“CAA”). The EPA’s “Mandatory Reporting of Greenhouse Gases” rule established a comprehensive scheme of regulations that require monitoring and reporting of GHG emissions that began in 2010.

Furthermore, the EPA recently proposed additional GHG reporting rules specifically for the oil and gas industry. The EPA has also published a final rule, the “Endangerment Finding”, finding that GHGs in the atmosphere endanger public health and welfare, and that emissions of GHGs from mobile sources cause or contribute to the GHG pollution Following issuance of the Endangerment Finding, the EPA promulgated final motor vehicle GHG emission standards on April 1, 2010.

The EPA has asserted that the final motor vehicle GHG emission standards will trigger construction and operating permit requirements for stationary sources. In addition, climate change legislation is pending in the United States Congress. These developments may curtail production and demand for fossil fuels such as oil and gas in areas of the world where our customers operate and thus adversely affect future demand for our services and products, which may in turn adversely affect future results of operations. 


Additionally, legislation to reduce greenhouse gases may have an adverse effect on our operations, including payment of additional costs due to carbon emissions. Higher carbon emission activities include transportation, including marine vessels, cement production (by third party suppliers), and electricity generation (by third party suppliers) as well as other activities.

Finally, our business   could be negatively affected by climate change related physical changes or changes in weather patterns, which could result in damages to or loss of our physical assets, impacts to our ability to conduct operations and/or disruption of our customers’ operations.

FORM 10−Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2010 SCHLUMBERGER N.V.

Agelbert NOTE: Isn't the above just CLASSIC Profit over planet world class GREED? They have the BRASS to "worry" about the climate change THEY are causing costing THEM some money!   But about the REST of the biosphere, they just do not CARE! 

And these psychopaths KNOW the damage, to humans alone, caused by their oil and gas "services" (grossly polluting practices) is NOT COVERED BY INSURANCE!  >:(

We could be subject to substantial liability claims, which would adversely affect our results and financial condition.

Certain equipment used in the delivery of oilfield services, such as directional drilling equipment, perforating systems, subsea completion equipment, radioactive materials and explosives and well completion  systems, are used in hostile environments, such as exploration, development and production applications. An accident or a failure of a product could cause personal injury, loss of life, damage to property, equipment or the environment, and suspension of operations.

Our insurance may not adequately protect us against liability for some kinds of events, including events involving pollution, or against losses resulting from business interruption. 

Moreover, in the future we may not be able to maintain insurance at levels of risk coverage or policy limits  that we deem adequate.

Substantial claims made under our policies could cause our premiums to increase. Any future damages caused by our products that are not covered by insurance, or are in excess of policy limits or are subject to substantial deductibles, could reduce our earnings and our cash available for operations.

http://www.wikinvest.com/..._Affect_Results_Financial


TRANSLATION (the one the LAWYERS that wrote the above ethics free boilerplate are communicating LEGALLY to you ):
We ain't gonna pay for our piggery. There ain't no profit in ADEQUATE insurance coverage of WHAT WE REALLY DO to endanger people and pollute the biosphere...

If you don't assume that SLB is every bit as involved in buying politicians and democracy in the service of profit over planet as Exxon, Chevron, Halliburton and the Koch Crooks are, then read that financial statement cover to cover like I did. LEARN where their operations are, the names for their two field segments, the tax dodges from depreciation and the currency hedging they claim is not for "speculation" purposes . LOL! You need some accounting background and a strong stomach.  :P

Check out what ridiculously low taxes they pay.  >:(  The statement is somewhat dated (2009 and 2010). But it gives you and excellent view of the abject irresponsibility that this conscience free corporate example of the banality of EVIL calmly APPLAUDS and JUSTIFIES as OKAY in order to make a profit.   

FORM 10−Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2010 SCHLUMBERGER N.V.

We can always hope that this 130 billion dollar world class polluting Corporation run by psychopaths for profit over planet will go bankrupt from pollution fines SOON! 

Spread the word. Schlumberger is helping kill the biosphere and could care less!   
« Last Edit: October 26, 2014, 12:46:42 am by AGelbert »
Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

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