Obama Blocks Offshore Driling In Arctic, Atlantic Oceans

 

In a move that will likely be overturned promptly by the administration of Donald Trump, president Obama on Tuesday formally blocked offshore oil and gas drilling in most of the Atlantic and Arctic Ocean, responding to a call from environmentalists who say the government needs to do more to prevent drilling in environmentally sensitive areas of U.S.-controlled oceans.

The president had been expected to take the action by invoking a provision in a 1953 law that governs Outer Continental Shelf offshore leases, and he did just that to block drilling in federal waters in the Arctic’s Chukchi Sea and most of its Beaufort Sea. He also protected 21 underwater canyons in the Atlantic Ocean from drilling. Furthermore, Canada will block drilling in all of its Arctic Ocean acreage, a moratorium officials will review every five years, the White House said. Continue reading

Foreign Firm Funding U.S. Green Groups Tied to State-Owned Russian Oil Company

Ever wonder who’s behind the drive to sabotage oil independence in America under the guise of radical environmentalism? Look no further than Russia — and they’ve been doing it for decades. It didn’t just start with fracking.

Read the full article only if you can stomach seeing how strong of an undetected stranglehold Russia has on America.

 

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A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.One of those executives, Nicholas Hoskins, is a director at a hedge fund management firm that has invested heavily in Russian oil and gas. He is also senior counsel at the Bermudan law firm Wakefield Quin and the vice president of a London-based investment firm whose president until recently chaired the board of the state-owned Russian oil company Rosneft.

In addition to those roles, Hoskins is a director at a company called Klein Ltd. No one knows where that firm’s money comes from. Its only publicly documented activities have been transfers of $23 million to U.S. environmentalist groups that push policies that would hamstring surging American oil and gas production, which has hurt Russia’s energy-reliant economy. Continue reading