Oil

SHAREHOLDER ALERT: Lundin Law PC Announces Investigation of Cobalt International Energy, Inc. (CIE) and Advises Investors With Losses to Contact the Firm

Lundin Law PC announces it is investigating claims against Cobalt International Energy, Inc. (“Cobalt” or the “Company”) (NYSE: CIE) concerning possible violations of federal securities laws. The investigation is related to allegations that certain statements issued by Cobalt were false and misleading and/or failed to disclose material information regarding the …


Documents: IOGCC-Spawned Loophole Creating Frackquake Crisis Faces Federal Lawsuit

On May 4, several environmental organizations filed a lawsuit against the U.S. Environmental Protection Agency (EPA), calling for an end to the regulatory exemption it carved out in the late 1980s for the oil and gas industry with regards to how it handles industrial waste. That exemption to the Resource Conservation and Recovery Act (RCRA) of 1976, a recent DeSmog investigation showed, was …



Consumer Alert: Subaru to Settle Over Motor Oil Problems

Subaru is offering a settlement to drivers of some of its vehicles found to burn excessive amounts of oil. News 12 New Jersey’s Walt Kane breaks it down in this week’s Kane In Your Corner Consumer Alert. Carlos Guerra says he had to add oil to his 2013 Subaru Outback every couple of weeks, and nothing his dealer’s service department did could fix the problem.


Environmental Groups File Lawsuit Asking EPA to Regulate Fracking Waste

A half-dozen environmental groups filed suit against the U.S. Environmental Protection Agency on Wednesday, claiming it has failed to properly regulate fracking and the the disposal of oil and gas drilling waste. See lawsuit below. The lawsuit filed by groups including the Natural Resources Defense Council, Environmental Integrity Project and Earthworks asks EPA to meet its “long- …


Calif.’s Massive Methane Leak Highlights Crisis Across U.S.

As the massive natural gas leak in Aliso Canyon continues to pump methane into the air above Los Angeles, environmental activists are warning about a much bigger and more widespread crisis that is not drawing nearly as much attention: leaks throughout the nation’s oil and gas supply chain. A series of studies spearheaded by the Environmental Defense Fund beginning in 2012 found problems across …


Freeport Outlook Dims as Oil Drop Compounds Debt Woes

Phoenix-based mining giant Freeport-McMoRan has endured a riches-to-rags turnaround. Things might stay depressed for a while longer. Freeport-McMoRan(Photo: Courtesy of Freeport-McMoRan)
Story Highlights
Three years ago, the roughly 4-percent dividend yield paid by Freeport-McMoRan Inc. looked like a pretty good deal — and plenty safe.