35 Burst results for "Chevron"
"chevron" Discussed on Useful Idiots with Matt Taibbi and Katie Halper
"Sorry for people who didn't see the documented. This is an ecuadorian lawyer. Look i've been to ecuador to over two hundred and fifty times. The last twenty years to work on this never lived there. I live in new york. Pablo fajardo was the lead lawyer on the case in ecuador that vanquished chevron. He's an ecuadoran lawyer. We had a whole team of ecuadorian lawyers. They had the support of international lawyers. Like me and others. I mean this was not the work of me or one person. I want to be very clear about that. And it's also not my case okay. I'm a lawyer or an advocate serving people who hire me to do this work. This case is owned by the indigenous peoples and farmer communities in ecuador about eighty communities who live and work in an area where chevron b texaco operated from nineteen sixty four to nineteen ninety two and deliberately dumb sixteen billion gallons of cancer causing oil ways into the environment into the waters into the ground water in it still going on. You can go down there and see the damage and you can see. It's still happening. Pipes out of these waste pits going into streams of people. Drink out of this again was a deliberate decision. Made by texaco to save money. With the you know clearly foreseeable result that people would die. many have died. This is a great accomplishment. Historically to win the case it required a lot of work by a lot of people from different countries. Also a huge amount of support from donors and third party litigation investors at his people who bought percentages of the claim from the indigenous peoples on the condition they get repaid if there's ever a collection and this is really a model of litigation of human rights litigation that the world has never seen before level of international cooperation a level of financing that the world has never seen before you know katie and matt. We're now in your twenty eight of this okay. I'm telling you every six months chevron has come up with some other idea to pound us thinking we will quit. This is why it keeps going but we keep getting the resources and support to continue. There are literally dozens of lawyers. Who worked on this on our side. Hundreds even thousands on their side and it really is an epic battle. But make no mistake about it. The affected communities in ecuador the winners they won the case. And the reason it's happening this is happening to me. Now is because precisely because we won our team won and chevron doesn't want to comply with rule wall and they prefer to spend money to attack the lawyers. They don't want the precedent. Having to write a check to shamans in the rainforest they can clean up there and that is terrifying to them so they sums of money to avoid that so they won but they didn't win right like you guys won't right. Well yes i mean. Let me define what i mean. By winning they won the case. The case has been affirmed. Twenty eight appellate judges on appeal six appellate courts there is a judgment against chevron that judgment can be enforced against chevrons assets in any country in the world other than the united states because of this ruling against me okay so chevron faces enormous financial risk and. I think the reason they're attacking me and trying to lock me up and they've taken my passport is they. Don't want me traveling around the world working with lawyers and telling them the story. I'm telling you today. Which is hey we gotta help these people. We got to execute on this judgment and get their assets. It rather have me locked up. So when i say they won. That's what i mean. Now they haven't collected man so chevron hasn't been held fully accountable but i am confident as are other lawyers. Even you know who are smarter than me. When it comes to international enforcement that they will be the judge will be collected upon or will be settled sometime in due course where they will be able to clean up their ancestral lands and save lives. So i think this is a store. Victory look shelvin tries to convince the world that that we've lost on locked up. It's not what's happened we won. I'm locked up because we want my so know it's very important. People know that they want people to look at me and be demoralized. And i'm telling you look at me. Don't be demoralized. We are going to get through this. And there's people in ecuador digits leaders community leaders who are sophisticated powerful people. They don't have a formal education. Like maybe many of us to go to college then of a lot of money but man they know the ways of the world and they know they've been screwed by this american oil company and they know how to fight back and they've united to do that and they've done it very successfully and i'm so damn honored to be able to represent them. You mentioned appeal like what's your legal recourse and even if you're successful. There will have any bearing on their ability on on. They are anybody else's ability to do this maneuver again. You'd be shocked at the ability to start a lawsuit. If you have the money one someone sue them. Rant judges are often naive about these issues or their pro-corporate and they just let the case go Even if it doesn't result in vertical mayor another the very process of having to defend the cases can be just devastating financially emotionally and otherwise Our goal is to win fully win. Meaning collect on the money and also get this whole baseless contempt case. It's already been rejected by the department of justice now being prosecuted privately by chevron thrown out. So that's our goal and we're going to keep fighting and have some great lawyers helping Unfortunately the judge's i'm dealing with cabinet press got links to chevron and i think they have a very intense ideological agenda to to use this case to destroy me and also to destroy the people of ecuador they don't they don't like the idea of like developing nations judges telling a us company. They have to pay a big judgment. And if you think about it katya matt think about this. Judge kaplan is just a trial judge low level federal trial judge who basically issued a ruling without a jury based on false chevron paid witness testimony that i bribed a judge..
"chevron" Discussed on The Daily Show with Trevor Noah: Ears Edition
"Being locked inside our apartments. Twenty four seven. But what if. I told you that some people headed even worse while roy. Wood junior has more springtime called the thin. The review in new york city is opening up again. No new yorker is still stuck inside human rights lawyer. Steven danziger has been locked in his apartment under house arrest without trial for over six hundred days. You've been on lockdown coming up on two years pro. What did you do. You could tag off a mattress. Human rights lawyer. And i have a black ankle claw shackled to my leg courtesy of the united states criminal justice system because i help is a lawyer win a very big pollution judgment against chevron you told about chevron gas station why did you like hot cheetos and shit chevron is one of the largest most powerful companies in the united states of america has been under house arrest since twenty nineteen when he was charged with contempt of court. In the middle of a protracted legal battle with chevron will you know what they say if you come at the king you best not miss in. If you hit you'll ask get locked up in your apartment for almost two. I think tank. I mean the attacks on me or just to distract attention from what they did down in ecuador in the pollution. They caused they call it the amazon chernobyl dollars in malaysia. Leaving simone therapy among allow billions of gallons of toxic waste dumped.
"chevron" Discussed on The Journal.
"A long. I don't know. I don't know Look i've always said if i didn't exist around would have to invent me because i'm the foil like they don't want people thinking about the pollution. They caused an ecuador. They want people thinking about the lawyer so away. They've put me in a situation by attacking me for ten years. Where i have to defend myself and i also have a huge amount of skill institutional knowledge that i think benefits my clients and they want me to continue with their lawyer in the fact that chevron has figured out a way to deprive them of their choice of a lawyer i think is very telling about my effective strength chevron also says that it's just defending itself. The company told sarah in a written statement quote. The perpetrators of the fraud refused to acknowledge the court in arbitration findings and instead continued to spew falsehoods in threats against chevron leaving no choice but to defend ourselves. Well reporting this. Everyone i talked to was all about chevron versus danziger chevron versus doniger and you know really the conversation these days is not about the people amazon and it.
"chevron" Discussed on The Journal.
"This lawsuit doesn't actually start with chevron. It starts with texaco. An oil company chevron acquired in two thousand and one texaco like many american oil companies drilled royal around the world. The nineteen sixties. They set up shop in ecuador partnering with ecuadorian state. Run oil company petroecuador. Starting in the sixty s they began drilling. They built up a community. They named a lago agrio which means sour lake. And that was named for texaco's birthplace in texas there's a town called sour lake texas that was pivotal in texaco's history and so they kind of took that name and name the section of ecuador lago agrio.
Oil Giants Recover as Prices Rebound
"And as because oil prices are finally recovering. Exxon posted its first quarterly profit in five quarters last quarter. Chevron's profits rose, although its profits are still down
George Floyd's girlfriend gives tearful testimony about addiction struggle
"For the last ten months. One unsmiling selfie of george floyd has stood as a symbol of him an icon of the racial justice movement but today jurors in the trial of the former policeman accused of murdering floyd learned about the man. His personal story what he was like and yes his struggle with drug addiction. The prosecution not shying away from what is expected to be central to derrick. Chevron's defense floyd's girlfriend taking the stand today describing. How both became hooked on opioids. And how both tried to beat it day. Four of a trial. The prosecution. Trying to humanize floyd and through other testimony taking the jury back to that minneapolis. St where floyd took his last breaths in the custody of police gave gutierrez continues to lead our coverage. It didn't take long for forty roster. Cry as she remembered how she met. George floyd in two thousand seventeen outcome mama's play. I could tell him this now. I- conic photo of floyd ross. Said was taken as a selfie at the salvation army where he worked for his great deep southern voice. They began dating and she told jurors how he was devastated by the death of his mother himself. He was broken. He thinks that during her testimony. Meant to humanize floyd one juror off. Camera had a furrowed brow and one of his hands up by his masked face seemingly emotional raw said injuries and his desire to still be physically active. Lead floyd to pain pills. We both suffer from chronic pain. Mine was in my neck and his was in his back. We got addicted and and dry really hard to break that
In shift, oil industry group backs federal price on carbon
"The top oil and gas industry lobby group is now endorsing putting a federal price on carbon dioxide emissions. Reversal designed to show seriousness and addressing climate change. The decision by the American Petroleum Institute, whose members include oil giants, such as Exxon Mobil and Chevron, ends the group's longstanding opposition that helped sink cap and trade legislation just over a decade ago.
Prince Harry joins coaching startup as chief impact officer
"Prince harry is now a tech exec. He's been hired on his silicon valley startup. It's called better up inc and he will now be the company's chief impact officer. If you're not familiar better up is an app that gives coaching and mental health supports. It works with employees of major corporations like hilton warnermedia and chevron just to name a few prince. Harry has apparently been coached by better up as well. Moving
Energy ETFs are surging as crude oil tops $64 a barrel
"Oil futures are having quite a day of the OPEC plus cover to countries met today and decided to leave most of their existing oil production cuts in place. And that Spike the Texas tea features up about 5% right now, $64.33 a barrel The equity markets. Meanwhile, take a turn into the red Writer on 45 minutes Go after J. Powell, the Fed chairman spoke with the exception I should say of the energy stocks. Companies like Diamondback Marathon has Chevron all up between 2.5 and 10%. But there are more losers than gainers right now. Among the activities After a Powell warned that the reopening economy could cause inflation to pick up at least temporarily. Not that he's all that worried about it. At the moment about the 10 year Treasury yield sure took a jump after that, now up at 1.5 to 6%. The S and P. 500 is down. 47 of the Dow is down to 61. But NASDAQ is down to 66. Now the NASDAQ is in the red for the year checking volatility at the at the CBO. We the vics is now up about seven. And half
Nasdaq tumbles to correction territory after Powell comments
"Are selling off with the nasdaq down about two percent the s. and p. Five hundred down more than one percent. The dow also down more than three hundred points or one percent. Lower this selloff has been triggered after fed chair. Jerome powell gave comments about inflation triggering. A treasury yield. Jump just as we've seen in other sessions when the treasury yield goes higher than the markets sell off looking at some of the biggest losers today those include the semiconductor space invidia. Amd micron all lower today. Also tesla is lower as well some of the energy sectors stocks though are in the green with exxon chevron those are some of the traits that investors have been leaning into away from technology and into value stocks for more
Stocks jump as GameStop craters
"News about your money was Sully brought to you by bay Alarm, Putting the pro in protection hater selling God, Ted stocks poised to extend gains Yeah, I was gonna say guys, but with eyes on vacation, and that's good. We're extending gains for the second day of trading. So 100% of the days in February now have positive days. Uh, for first talks. Investors are encouraged by the news and the pace of the vaccines in the U. S. The prospect of more fiscal aid from Congress, we gotta decline in the frenzy. Of Reddit Gamestop am seeing such and also a big Slater earnings reports in focus. We saw good earnings from Fizer and Exxon Mobil before the bell. Today, we're gonna see some mega cap stocks like Amazon and Google parent company Alphabet Reporting after the close, it's a big day for earnings with the latest Q four numbers from alphabet in Amazon. After the close, all 30 stocks in the Dow are up led by Chevron and UnitedHealthcare, and we're having a smoking day on the Tao up 575 points. That's 2%. That's on the Dow boy. I sure hope you guys on the exchange traded fund DEA or what they call the diamond. That's a basket of Dow stocks. That trades is one exchange traded funds, so it's actually really cool. I don't own it, but I wish I had Dow Jones up 576 30,078. There's S and P up. 62. That's 1.6% at 38 36. NASDAQ Up 1.5% another Great day on NASDAQ. On 87 there and 13 5 91 on I'll tell you what gold sinking badly today down almost 1.5% dropping 24 bucks announced down to 18 39, so fingers crossed it does come out of these traders are gonna come out. Okay, coming up
CEOs of oil giants Exxon, Chevron discussed mega merger
"I'm gonna start with something that happened yesterday. A quiet snowy sunday here in the greater metropolitan washington dc area and it was lovely. It was nice to. It's nice to just look outside and see the snow falling in a place where snow doesn't fall very often and i was snapped back into reality at some point during the day when i looked at twitter and saw the news reported by the wall street journal and reuters that last year the ceos of exxon mobil and chevron discussed the possibility of their two companies merging and i wasn't around in one thousand nine hundred eleven when standard oil was broken up. But i've studied enough of my business history to know that well to inform. That was my first thought. We're getting the band back to like. Are they going to rename the company standard oil. I mean what did you think when you first saw this news. Well the first thing that came to mind was was rocket rockefeller and standard oil in time. Time certainly have changed since standard oil. Right i mean the world is slowly but surely evolving its energy policy. And it's it's clearly going towards renewables. Things like solar and wind and in batteries and further away from fossil fuels. I mean that's no secret. Now i mean i think the time line is such that it. It's gonna take a while to get there. I mean when you think about fueling the entire planet. It's not just it's not just cars right. I mean we're talking about all sorts of different all sorts of different All sorts of things that really need to be powered and so to me. I actually could see world war for this does make sense in part of it is because this this industry is one more scale really really counts. I mean it in. Furthermore you have to businesses here. That really aren't quote unquote lighting. The world on fire. Either i mean you look at exxon over the last five years shares are down about forty percent chevron i think relatively flat over that same time period and they they have just become smaller companies. They're just not the behemoths that they used to be in so to me. I mean i feel like this probably would have been a little bit more realistic. Had they done it or tried to do a year ago. I'm not sure it would really pass muster in this current political environment. I think the the scrutiny would probably be a little bit to create particularly is is the biden administration has really got fossil fuels the crosshairs but i mean i could see a world where this actually made
Exxon, Chevron CEOs Discussed Merger
"Have been the biggest merger in history. Had it happened. Reuters is reporting that the chief executives of Exxon Mobil and Chevron held preliminary talks early last year about combining the two companies, which are the two largest oil producers in the U. S. Those talks ended, But observers say the fact that they happened at all shows that the pressure that the energy The industry's most dominant companies are facing as crude prices plunged during the pandemic. The share prices of both companies stocks nose dive last year, one source telling Reuters that the talks were serious enough that legal documents were drafted. It's not clear why the talks ended when he uses brought to you by General Dynamics I t
Burning van linked to blaze at North Seattle gas station
"Out. Chevron gas station there in Northgate area, the driver of a van told us when his engine started smoking. You pulled into the gas station, he says. That's when the van suddenly burst in the flames. The fire exploded and he was close to the gas pumps in the canopy overhead. Yeah, and quite a meltdown of things there, but again, no injuries there. Firefighters were able to put that out. Within minutes. The vaccine rollout going
Baltimore Is Suing Big Oil Over Climate Change
"Okay sue. you said that the lawsuit that went before the supreme court this week was brought by city of baltimore. Yep and there are more than twenty of these lawsuits. They're all alleging various versions of the same thing that climate change is causing damage in the city or the state or the county and that oil and gas companies are partially responsible. And the baltimore case just happens to be the one that made it the supreme court. So we'll focus on that one also very convenient because you live in baltimore. Indeed i do definitely makes it easier for this reporting so what specifically does the baltimore lawsuit allege so this lawsuit alleges that a long list of big fossil company isn't that includes exxon mobil shell. Bp chevron misled the public about the dangers of burning fossil fuels and that those companies have to help the city pay for the cost of climate change so the lawsuit lays out how global warming is causing damage in the city. And how that's expensive for the city. Government like heat waves for example. They're expensive or flooding like the flooding from climate driven extreme. Yeah and flooding from ceelo arise. So let's start there because that's actually the simpler one sea levels on the east coast of the us arising more quickly than the global average streets sometimes flood during high tide. When there's a storm water ends up in buildings which is obviously not good And when you look to the future. The city estimates that the amount of baltimore's port area that will flood frequently will increase by almost one hundred fifty percent in the next thirty years. Well a hundred fifty percent becky. that is intense. That is a lot of flooding. Yeah it's super serious. And i have to imagine that it's going to be really expensive to retrofit baltimore to be able to deal with what's coming. Yeah totally and you know. Climate change isn't just a future cost right. Cds are already racking up millions of dollars in infrastructure costs and understand why you have to remember that. A lot of cities were built a long time ago and they weren't designed for
Plaid plans European hiring spree despite Visa deal falling apart
"Clad and visa have ended plans for their monster merger almost a year after it was announced visa has cooled off. Its deal to buy fintech plaid for five point. Three billion dollars off to the us department of justice sued to block the transaction on antitrust grounds. We're confident we would have prevailed in cooled as plaid's capabilities. A complimentary to these is not competitive. Said al kelly chief executive when the deal was announced in january. Twenty twenty mr. Kelly said it would put the combined company at the epicenter of the fintech world but the doj moved to block the deal in early november arguing. That visa had chosen to a quiet plod because it was developing payments platform that would challenge visa dominance in the sector. Zach perry plaid. Ceo says it has only just begun will also stating it grew. Customers by sixty percent added hundreds of banks to the platform recently So ouattara thoughts on this. I suppose i double on the doj's decision. They made the right decision And then on top of what you think is next applied and indeed for visa you know visas strategists the scott. What's it gonna do instead Who wants to confessed on this one. I have no obvious. Talk on the story bradley. I'll go straight to you oklahoma. Dj positioning oversee. This was a memo. I think the visa describing is future competitor. But it's kind of like if you look at shell or chevron will be one of the big oil and gas guys if they go and invest heavily all by one of the renewable energy providers without be something the doj against odin think. so so. i don't view necessarily a competition. It definitely is an aggressive move would have been by visa. I'm but it's not. Apples to apples. Is competing new way of paying the more. Traditional banking rails. I'm it wasn't than buying competing conference. That i think would have been than trying to own their own. Their own immedi system. So i'm sure agree. With the ruling on deeply never went cold so almazo writes Will arenas once it's interesting time. Isn't it broadly. The famous volcano picture was the Was was the that was mentioned and this idea that plot was gonna move in that direction. The doj's argument was always that will fees is nearly sixty sixty five percent market share in the us. It's clearly dominant position if they're acquiring something that could compete with the very called rails itself then. A potential competitive type was being taken off the table and visa would continue to own a even if the rails would move from called to something that was more account based are the question to your point as to whether or not that was ever going to happen but certainly in a lot of the country. I've seen online In the past a couple of days and days since cisco announced on twitter a lot of the vc community is sort of saying it looks like plot themselves may have been motivated to terminate this because five billion dollars for a for an api data company. Seems like a really big price when visa. I pays it. But it's a testament to why we are infantile. That plot could probably got a better deal. I'm and actually the growth in neo biking and challenging ranking during the pandemic has been so astonishing that why wouldn't plod to go somewhere else and could they built mobile themselves than they cut on the on. The visa's umbrella suddenly seems like fintech. Twitter is very very bullish homeless firm plots perspective. I'm but then also people who all big funds of visa think. This is a good move for them as well because it kind of moves them away from being They were always very friendly with the banks kind of the position with the big banks. They have a great relationship. Plods account dates are access is not very well liked by a lot of the major. Us banks indeed. Many of them have been trying to block access to screen scraping together on direct deals in place and that might be one of the biggest threats in plots business model so visas business just gets a lot clearer. All of a sudden plot may be able to go onum become that competitor or something else so a good result all around personally
Big Oil Evaded Regulation And Plastic Pellets Kept Spilling
"Plastic pellets have been spilling into oceans and rivers. The world over where birds and fish eat them. They are the building blocks of all plastic melts 350 of them. You get a yogurt cup 1000 gets you a water bottle. But an NPR and PBS frontline investigation found the oil and plastic industry has long known there an environmental problem. NPR's Laura Sullivan brings us this story about how the oil in plastic industry evaded regulation. Despite decades of spills. You probably haven't spent a lot of time standing on train tracks looking at your feet. We're looking at the edge of a highway outside of plastic manufacturer. If you did, there's a good chance you'll see them little plastic pellets. This is Kocsis Creek, and we're looking at fresh pellets. It has fallen out of the Terps. Ronnie hammering is standing on state Road 35 in Southeast Texas, rising four square miles. Behind him is the petrochemical plant, Formosa Plastics. And they're not just here. There over there. They're important Lakha. You're gonna find him down the road Hand looks not an anti plastic environmentalist. He's a former supervisor who worked to Formosa for 25 years, And while he worked there, he says he was told to cover up spills of classic pallets. I want you to put down a certain number. You know what I'm saying? They want to keep it love. So So you line so would you like That's my job. That's my bread and butter, so I got to do what they think. I got a family. What's striking about standing outside Formosa and finding pellets? 100 yards from the plant's edge is that last year for most agreed to pay $50 million to settle a lawsuit in which it agreed to zero discharge of pellets. And yet, here they are and down in the creek, where the plant drains thousands more. Ah federal judge called Formosa, a serial offender for most of says it's working to improve its containment systems. But Formosa is just one of thousands of companies that either make or use plastic pellets in the United States. The oil and plastic industry says it doesn't have a problem, Officials told me for most of it was simply a quote bad actor, while leading companies like Exxon and Chevron recently told shareholders that at their dozens of facilities worldwide Either lose, not a single pellet or just two sandwich bags full. And here's how they say they've done it. Thanks again for signing on the operation Clean Sweep Operation Clean Sweep is a voluntary program the industry came up with in 1991. Companies that joined watch videos and promised to keep pellets from spilling from plant truck ships and rail cars. There's no data required. No numbers, nothing public. The operation Clean sweep is truly making a difference. Together, we can achieve zero pellet flake and proud of us. The industry says it's been a success. Pellet containment is incredibly important to our members. Steve Russell was until recently the vice president of plastics for the American Chemistry Council, which jointly runs the program, Nobody wants plastic in the environment. And if it still happens, and if we're gonna assume it's an accidental release, then it will be reported and remediation steps could be taken. Formosa is an operation Clean sweep member. So I asked to former workers and Ronnie Hamrick about it. I have no idea what you're even talking about. I've never heard it. There's evidence the industry does, in fact, have a pellet problem. Recent spills on beaches in Louisiana in South Carolina and studies show pellets are contaminating oceans, killing birds and fish and carrying toxins through rivers. There's also evidence the industry has known about this problem all along. In 2005, the industry participated in a study of 10 pellet plants. It found pellets washed away in heavy rain at every single facility and called Operation Clean sweep. Inadequate. But even long before that, there's a memo buried inside thousands of documents left over from old industry lawsuits. It was written in March. 1991 Thean Mysteries Trade Association warns top executives from Exxon, Chevron, Dow DuPont and others. But the EPA have recently found pellets to be quote ubiquitous in the environment. Regulation and permits are likely coming, the memo says. Unless they act quickly, it may still be possible to institute voluntary programs to address the pellet issue, it says. Unless this occurs, it is likely EPA will act independently. Then, just four months later, we developed a program that was called Operation Clean Sweep. Lou Freeman was a vice president at the time for the trade association, then called the Society of the Plastics industry. I don't recall any discussions. But quantitatively measuring the success of the program. It was being measured really about who is participating that what the results were, so it was a voluntary program without any metrics. Yeah, I would like to think that they were also doing it because it was the right thing to do. But I'd also be naive if I didn't think that much of the motivation was was governed by, you know. Keeping the regulators off our back today. The EPA doesn't regulate pellets and in the almost 30 years since, the agency told NPR it has brought just 10 Clean Water Act enforcement cases against facilities accused of spilling pellets. How would anyone really know if pellets were leaking? If you head down to the Gulf of Mexico pellet manufacturers like Chevron Phillips say they're not. I can tell you that. It's not a problem here at Chevron Phillips, we have almost no Let's leaving our sights. Jim Bakker is the
Big Oil Evaded Regulation And Plastic Pellets Kept Spilling
"Of tiny plastic pellets have been spilling into oceans and rivers the world over where birds and fish eat them. They are the building blocks of all plastic melts. Three hundred fifty of them. You get a yogurt cup thousand. Get you a water bottle. But an npr pbs frontline investigation found. The oil and plastic industry has long known there an environmental problem. Npr's laura sullivan brings us this story. About how the oil and plastic industry evaded regulation despite decades spills. You probably haven't spent a lot of time standing on train tracks looking at your feet or looking at the edge of a highway outside a plastic manufacturer. But if you did. There's a good chance you'll see them little plastic pellets. This is kocsis creek. In looking at fresh pellets that has fallen out of the turks. Ronnie hammer is standing on state road. Thirty five in southeast texas rising four square miles behind him as the petrochemical plant formosa plastics. There're not just here. They're over there. They're in portable alaka. You're gonna find them down the road not an anti plastic environmentalist. He's a former supervisor. Who worked at formosa for twenty five years. And while he worked there he says he was told to cover up spills of plastic pellets. I won't do to put down the phone number. You know what i'm saying. They want to keep it low. So so you lie. That's my job. This britain butter so i got to do what they say. You got a family. What's striking about standing outside formosa and finding pellets. A hundred yards from the plants edge. Is that last year. Formosa agreed to pay fifty million dollars to settle a lawsuit in which it agreed to zero discharge of pellets. And yet here they are and down in the creek where the plant drains thousands more a federal judge called formosa a serial offender. Formosa says it's working to improve its containment systems but formosa is just one of thousands of companies that either make or use plastic pellets in the united states. The oil and plastic industry says it doesn't have a problem. Officials told me formosa was simply a quote bad actor while leading companies like exxon and chevron recently told shareholders that their dozens of facilities worldwide the either lose not a single pellet or just to sandwich bags full. And here's how they say they've done thanks again for signing onto operation operation. Clean sweep is a voluntary program. The industry came up with in nineteen ninety-one companies that join watch videos and promised to keep pellets from spilling plants trucks ships and railcars. There's no data required no numbers nothing public. The operation clean sweep is truly making a difference together. We can achieve zero pellet flake and powder the industry says it's been a success. Pellet containment is incredibly important to our members. Steve russell was until recently the vice president of plastics. For the american chemistry council jointly runs the program. Nobody wants plastic in the environment. And if a spill happens and if we're gonna assume it's an accidental release then it will be reported and remediation steps can be taken for most. Isn't clean sweep member. So i asked to former workers an ronnie hammer about it. I have no idea what jeevan talking about. I've never heard of. There's evidence the industry does in fact have appellate problem recent spills on beaches in louisiana and south carolina and studies show pellets are contaminating killing birds and fish and carrying toxins through rivers. There's no evidence. The industry has known about this problem. All along in two thousand five industry participated in a study of ten pellet plance it found pellet washed away in heavy rain at every single facility and called operation clean sweep inadequate but even long before that there's a memo buried inside thousands of documents. Leftover from old industry lawsuits. It was written in march. Nineteen ninety-one the industry's trade association warns top executives from chevron dow dupont and others that the epa had recently found pellets to be quote ubiquitous in the environment regulation. Permits are likely coming. The memo says unless act quickly it may still be possible to institute voluntary programs to address the pellet issue it says unless this occurs. It is likely. Epa will act independently then just four months later. We developed a program that was called operation. Clean sweep lou. Freeman was a vice president at the time for the trade association then called the society of the plastics industry. I don't recall any discussions about quantitatively measuring the success of the program. It was being measured really about who is participating not what the results were. So is a voluntary program. Yes without any metrics. Yeah i would like to think that they were also doing it because it was the right thing to do. But it also be naive. If i didn't think that much of the motivation was was governed by keeping the regulators offer back today the epa doesn't regulate pellets and in the almost thirty years since the agency told npr. It has brought just ten clean water act enforcement cases against facilities accused of spilling pellets. But how would anyone really know if pellets wurley if you head down to the gulf of mexico pellet manufacturers like chevron phillips say they're not I can tell you that it's not a problem here. At chevron phillips we have almost no kellett's leaving our sites. Jim becker is the vice president of sustainability for chevron phillips he met me in a warehouse after plant officials showed me ponds and drains. They said catch all the pellets. You've heard a little bit about operation. Clean sweep we've been practicing that Since the company was formed having no that that you had almost no hell it's leaving your site. I feel i feel confident. We have multiple layers of protection to prevent that without any data. It's hard to know. But then you could go look hacksaw some and if you're gonna hunt pellets a mile up texas bite. You're gonna wanna bring diane wilson the woman who tracked formosa's leaking pellets for five years.
Chevron CEO says company is embracing, investing in a lower carbon energy system
"What's best performing sector since election day. You'll never believe it energy and we talked about energy. I mean fossil fuels with multiple co vaccines. Right around the corner. The economy will soon be able to reopen which means more demand for oil and gas ray of yours. No i'm not a fan of this industry anymore. I think the long-term press but posthumous have gotten grimmer but there are two fossil fuel stocks that i still consider investable one of them is chevron the big integrated the king of the oils the best of the best chevrons held up surprising well during the pandemic. And it's got a powerful safe dividend of five point seven percent. The only problem the stock is now thirty five percent in the last six weeks. So kennedy keep climbing. Let's take a closer look with mike. He's the chairman ceo of chevron corporation. Get clear picture of the industry and his company said mr. Moore's welcome demand money jim. It's good to be with you all right so you got to solve this for me. As long as i've been in the business always one company that was the best and it wasn't as yours. It was a company called back son. There are a lot of others that were doing. Well now they're chevron and there really is everybody else everybody else being companies. I'm worried about the dividend that article in production. That aren't conservative. What happened to chevron at the other guy should have listened to well jim. Different companies have made different choices as As we came into this and as as we've gone through this so have changed their dividend policies. Some of changed their strategy. Some of change their financial priorities. We haven't our dividend to secure as you mentioned are balance is strong our strategies are intact and there's no they can count on us so we were we were well prepared as As we went through the cycle. And i think that people realize that we've been constant at a time when many others have changed. Now you'll have when it's necessary been aggressive for instance. You were very aggressive in the gulf of mexico drilling wells that are going to produce oil for year. They don't run out those wells. I mean that's just something that you did. Everybody else went away from it. How did she have the dish do that. Jim it's a long term business. Demand for energy in the world is enormous seven and a half billion people on the planet today. By twenty forty there will be nine billion in all of them deserve the things that affordable reliable energy can provide. so we've got to take a long view on investments and at the same time you've got to take a short view in terms of being prepared for markets that are very volatile and unpredictable. So it's an and world actually have to do both. We have to look out the front window. Twenty years down the road and we look out the window of the house today and see what's going on the world today and manage our way through both of those. Let go out twenty years. You bought a company called no one. None well terrific. I visited leviathan. It's an incredible field in metro. Train off the coast of israel. I could see a visionary saying you know what it's time to disenfranchise gas prom company bringing its gas to the west and make it. So there's a pipeline from israel all the way up through central europe and that could be something that's a twenty five year project pie in the sky. Well that's certainly one of the opportunities to commercialise. What is a large gas resource in the waters of the eastern mediterranean office. Real right now at feeds markets in israel egypt and jordan their opportunities to take liquefied natural gas to other markets and certainly longer term. These types of resources often lend themselves to infrastructure developments to feed market. Europe is not not far away so those are all options to commercially develop that resource and supply markets in an affordable reliable manner. So that that's the type of thing that our company does really well and it's a long term view that we have to have to sustain our company at the same time. I've noticed that you need to be able to have common ground with whoever's in the white house. I'm not going to try to say you have to do this do that. Because you're reasonable person. Have come up with it. But if you have a really aggressive. Climate change president and team. Is it perhaps possible that they make it. So that you that you're not able to enjoy your own properties. Well jim we've been in business for over one hundred forty years we've worked with republican administrations with democrat administrations with split government with unified government. And we always start with common ground. Government wants economic development and prosperity for its people and governments want a cleaner environment We look for the common ground and there's always common ground because we're critical part of the economy. We may not agree. One hundred percent with any given administration on everything. But there's usually much more we're aligned on than we're different have different views on and then we sit down at the table and we work our way through those things. We've got different points of view and that's exactly what we expect to do. with this administration and every other one that follows but mike how do you sit down with fund. Managers younger financials. You say you know what we're about trying to be carbon neutral even make it so carbon negative so to speak so chevron can never be a holding embarrassed and better. How much do you think that works good. And they have great dividend policy. We can own what happens if too many managers start thinking that way. Well jim what managers really want out of our industry and out of our company. It's better returns and boil our strategy down to four simple words. Higher returns lower carbon. And we need to do both. And we need to find ways to invest in things that are good for shareholders and also good for the environment if we do just just invest and things are good for the shareholders and ignore the environment. That's not sustainable. And if all we do is invest in things that have an environmental case and they don't create value and returns for shareholders. That's not sustainable. Either so we sit down with portfolio managers of all ages and all levels of experience and talk about how to deliver higher returns and lower carbon That's what people. I think that's been investors are looking for well. How about another way to look at it. Some people feel jim. Do not see the future. Do you not see tesla. Do you not see the hydrogen fuel cells. Judah there's no room in portfolio because it's going to happen fast than you think you think the demands big al twenty thirty years. Probably the way. I too but they feel no mike they feel. It's gone away. Fashion than you. And i think and that has caused me to pull in my horns about a group i really like. Would you have we embrace a lower carbon future. We expect lower carbon energy system. In fact the energy systems always been moving towards lower carbon hundred. And fifty years ago cole came along a displaced would eat and then you had oil and gas and then you had nuclear hydro wind solar hydrogen now. The energy systems always been in transition. And we're investing today in. I'll give you an example renewable natural gas if you've ever driven by dairy farm or a feed lot. There's there's a certain aroma that you you may recall We're actually capturing the waste products from dairy farms now fermenting the those products to create the natural gas product cleaning it up moving it into a pipeline so it can displace fossil fuels so we reduce methane emissions and we create a salable renewable product. So we're investing in things like that. We're investing in nuclear fusion. we're investing in hydrogen. We're investing technologies that can scale and make a real difference and be part of a carbon energy system. This is the history of our company. And i believe it's the future of putting a hydrogen fuel cells all of your incredible gas stations. How about making that statement saying to the rest of the industry and all the espn enthusiasts. Look we are doing something right now. That's economic but it is gonna kill it in the five six years you could do that. Might your this and you've got the balance what we're working on these kinds of things. Jim we come back to. It's an world we've got to have higher returns and lower carbon and so we've gotta find things that work for shareholders and work for the environment and that's exactly what we're working on so i think i think you're going to see our company and you'll see others in our industry that continue to find solutions and this is a challenge that is too big for any one company anyone industry or anyone one country in the world to completely address We're gonna work in partnership with others and continue to advance the you know the state of the energy system which will only grow. Well mike. you've always been the you've been the voice of reason. Your company's been the scientific company all along people should know that chevron has always had the most scientists and engineers at the top might worth chairman. Ceo of chevron sir.
Key Week for Coronavirus Stimulus as Negotiations Continue
"There is some optimism. A new stimulus deal may be reached. It would come after months of back and forth between republicans and democrats to solidify new package. Four a look at where things stand and where we may be heading. Let's bring in. Wsj capitol hill reporter chevonne hughes chevron. It's always good to have you here to be here. Social von this notion of additional corona virus stimulus aid has been on again off again for quite a while. Is this more of the same or is this moment different. This particular moment in time certainly feels different to me. When i was on the hill this past week i felt more enthusiasm around coming together onto package than i have for the past nine months and there are a couple of factors at play number one. The united states is in a terrible situation right. now we've had hospitalizations exceeding a hundred thousand people which is a record high. We haven't had that. The number of cases has gone up daily to beyond two hundred thousand. So we're in a real predicament. And entering what the experts say is the worst period of the crisis for us so that puts a lot of pressure on unemployed people people who are unable to pay their rent. The small restaurants who in states like california are being asked to close in order to prevent the spread of the virus so lawmakers are very much aware something different is going on. And what's more a bipartisan. Bicameral group has come together to develop their own solution in effect taking the negotiations away from top leaders and saying enough. We need to come together around common ground and in fact as early as monday. That bipartisan bicameral group is expected to reveal the tax to the details of a nine hundred billion. Roughly four month compromise package that they hope is going to be the magic wand that brings everything together. We'll let's talk about this package further because as we have seen with this type of legislation there are certainly questions about price tag but also allocation how things break down. The devil is in the details and one. The biggest issues has to do with money for state and local aid. This bipartisan bicameral group has proposed about one hundred and sixty billion dollars in direct aid to states and localities but the question is the distribution formula. How is that money going to be distributed. We'll smaller states. Smaller cities received the same amount of money as the larger places will be if not made whole at least cut in on the deal and that is where the negotiations get delicate not only have lawmakers faced pressure from their constituents federal reserve chair. Jerome powell has also made it clear. He feels stimulus. Aid really does matter. Did his words carry any weight. It's complicated for the people who lived through the two thousand and eight financial crisis who remember the significance of government stimulus. Such words would carry weight for a core group of fiscal conservatives. Anything the federal reserve chairman says is not going to make a difference because this group of staunch republicans is convinced that adding to the deficit and to the debt is eventually going to prove the undoing of the economy and so while his words carry weight we'd want to be careful about the degree to which carry weight. And how broadly mr powell's influence can be felt within congress and finally yvonne as far as a timetable. What does the calendar look like. Well initially the goal was to wrap everything up by december eleventh. So the end of this coming week which was when congress had to pass legislation to keep the government funded. It looks like that deadline is going to slip for about another week. So expect to see congress passed some type of interim maybe weeklong short-term spending measure to keep the government funded while they work out a broader deal that includes both ordinary government funding and also this corona virus relief package
Shooting in North Miami-Dade left 2 children and 2 adults hurt
"Back to business just not as usual for state lawmakers meeting for the first time in eight months, the purpose of the session as to swearing, newly elected lawmakers with new rules and regulations to adhere to Corona virus. Pandemic. All state senators will be tested for covert 19 on Lee, newly elected senators will be allowed to have a guest on the floor when they take their oath. South Florida Senator Chevron, Jones says they are required to wear masks in the short term. Six for a long term impact, meaning that we have to save lives on the house side. Masks are not required, but will be made available temperature checks will be taken. And covert test will be available. No guests on the floor. The two month legislative session begins March 2nd
"chevron" Discussed on WTOP
"Chevron, the human energy company, nobody t o p at 4 48 traffic and weather on the AIDS Day building in the W T o P traffics. In Maryland North found from Laurel toward Columbia delays or gradually easing longstanding crash near route 32 is now entirely on the left shoulder. North bound lanes are open south bound the crash at exit 38 A is still blocking the ramp from 95 South 32 east farther south. Heavy traffic remains from 1 98 contrary drive past 200 the car fire before to 12 along the right side. It burst back into flames and still smoldering. There must be some brush on fire alongside it. You're getting by slowly to the left South bound on 95 point before to 12 Baltimore Washington Parkway North bound. They allowed traffic between the Beltway and 32, even on 29 some work around traffic north of 2 16 toward 30 to Colombia. On the Capitol dealt wait. Volume delays are relatively brief to 70 virtually without delay from Rockville toward Frederick this afternoon in Virginia, South bound on 3 95. The last the sun glare delays from the Pentagon towards Shirlington 95. South bound, remaining heavy Newington to Woodbridge, 95. North bound your Center before Parkway. The crash clear but still with significant work around through downtown Fredericksburg on Route three and on U. S Route one north to cross the rapid panic for dental vision, life and disability insurance. It's not always about whose biggest and loudest successes about focus. Ask your broker. About Renaissance today. David Alden. W T o p traffic NOW to Storm Team four meteorologist Amelia Draper sunny skies for this work week but chilly today and then cold through Thursday. We'll start warm back up on Friday highs.
Exxon, Chevron lose $887 million as pandemic pain continues
"As much in the pandemic that has crushed demand for gasoline and jet fuel. Exxon Mobil laws $680 million in the summer order CEO Darrin would says the company's been cutting costs. Exxon is cutting 1900 jobs from its US were forced Chevron lost $207 million in the quarter. Chevron is also eliminating positions. Oil demands expected to Decline 8% this year. Colgate Palmolive
"chevron" Discussed on Drilled
"Maybe it can. Have you start by talking a little bit about why it might be that? The larger oil companies don't want a bailout for the sort of smaller independent shale companies. There's currently the international price for going on between the Saudis and Russia. And obviously that's driving the price of oil down which is is hurting the. Us industry What's hurting the most? Is the shell companies because they failed to make money for the past decade and a lot of debts that they need to pay back so but the situation. We're in right now as the two majors Chevron Exxon who are already into the show business in a big way in the Permian region which is really the last shell played at. Anyone wants to be in. Because it's the only one that really still is profitable in any way. So if you step back from the global price or going on there's a war going on in the region where Exxon and Chevron are happy to see no bailouts for the shell companies because that will make them go bankrupt quickly out and then Chevron and Exxon more Soak Chevron is in a much stronger position as overpaid for a lot of assets in the past and so they're looking at this as a real opportunity to hopefully bankrupt watch the shell companies go bankrupt and then by those permian assets for any on the dollar. Where does that leave? Oxy In the Permian well stick shale gas a. One of the reasons Exxon wants to pick up assets. Cheap is because they made one of the worst acquisitions covering two thousand nine when or which was there a way to get into the shale marketing mostly gas at that point eight forty one billion dollars for probably is worth a billion dollars a couple of years later so but right now Oxy Is looking to. Maybe he takes place in history books as be worse worse than the x t o acquisition by Exxon similar price. Tag of three billion dollars. That's what they need for Anadarko. Not and I. It's just turned out to be a disaster but an important part of that story is Chevron had an offer of thirty three billion dollars for for Anadarko else. And then they occidental came in and and Anadarko wanted to get a bidding war going and Chevron is backed out and said we're not over you know thirty three is our highest offer and so Thirty eight was the offer team fruit from Occidental. So you can see in Hindsight Chevron made a very smart move plus they got because already negotiations they got a billion dollar payout just for walking away. They used to buy back stock. So Chevron has a very little for their assets in in the Permian Basin to not D- at desperate in any way whereas Occidental certainly overpaid for those assets and it looks like even Warren Buffett do put intend million dollars into that deal and his explanation for was he believed in army as as a viable oil-producing field where you can make profits and here we are a year later and it's looking like even Warren Buffet's GonNa lose money on the steel so the Permian is really where money goes to die at this point. Can you talk a little bit? About why the ANADARKO purchase was was a bad one. And what made it seem like? It was worth that much money. Initially and why has it turned out to be a bad purchase with all of these? Shell plays you know. Wells and certain regions have been profitable but on on the whole the industry and the place. On the whole most of the wells are not profitable so the idea of overpaying for an asset. When you're probably you know you're not gonNa make money even if you pay fair market values. Occidental certainly overpaid for five dollars more than Chevron was willing to pay the companies. Make these mistakes. They think scale is going to help and they wanted to acquire more assets and become a major player in the game and they wiped out a year ago. Occidental stock was around sixty seven dollars. And you know now it's around ten and so they've settled themselves with all this debt Which is the classic model for a Shell Company money to get these wells But you have to keep getting more wells because they deplete so quickly so at a time when the industry already I mean it was clear I started running. Back out of the industry wasn't making money Two years ago yeah and it was pretty clear here ago At that there were serious. Structural PROBLEMS IN THE FINANCES SHALE INDUSTRY. And then they went in and over you know the classic buying at the top of market. They overpaid and now they're just getting so much equity has been wiped out and then that was even before the oil prices right now. Are you know if you look you know the stock ticker it says? Oil prices are twenty dollars a share buy in in Texas in the Permian. They're probably getting ten dollars. A barrel in the pocket in some places. It's between five and ten so I mean there's just they it's it's going to be just a downward spiral these companies which is exactly what. Exxon Chevron are enjoying watching and waiting for So that they can buy up the assets. Where come you continuing to invest in this? Given that it is the collapsing industry it will would buffet. Did apparently the Occidental had a ninety minute conversation with him and convinced him to to the ten doing dollars into the deal for the acquisition for a dark house. Probably should a little bit more homework. You would have expected from buffet on what he did do. It's it's the same thing he did. During the housing crisis Goldman Sachs was in solid arm. Buffa came in and gave them a ten to eight dollars up what he does. You know he's the way these are structured is if the company makes any money he's first in line. He has preferred status. Ray So it's a pretty safe bet in less Occidental goes bankrupt which there's a real chance up now was happening right now is looking instead of paying him back with money in dividends because they don't have any anymore they're looking at Ambala stock which is all well and good if they survive and it will price goes back up then. He does very well right if they go bankrupt. He's he's in trouble just like everyone else. Okay so the oxy goes out of business. A bunch of these small shell companies got a business. Exxon and Chevron pick up cheap property in the Permian but the price war continues for like another year. Or who knows how long I gave? I think I think ultimately like the Saudis and the Russians can withstand a low oil price for longer than than any US company and. So is there a point? Where like even you know. Exxon and Chevron would be in trouble with those and that's the thing I'm actually writing about that right now. Exxon there's this kind of business policy. Well once Exxon comes in. They know how to make money on these these properties and make money in the business. But all you have to do is look at the x t o deal under show. They're not the best judge of investing shale but Golan Saxton steam out a basically a research note on the shale industry this week and one of the things that they know that it was Exxon Chevron have no ability to produce boiled more cheaply than any of these other compass out which really makes sense. I mean companies like pioneer. Have been doing this for a long time. They hire the best people and they understand shale very well so it's not like Exxon can come in and and just has a magic formula to be able to make money when oil is thirty dollars. A barrel ratio. I expect at Sunday. Continue losing money on jail but you know if you look at their corporate strategy you know. Basically what they're saying we're going to acquire as much oil as we can produce it and we we planned to burn every last drop in the next three to five decades and so this is the you know. There is oil in the permit in that sale. It's just no one has figured out a way to get it out of the ground profitably on a large scale and that everyone is facing and the Balkan is already essentially. They've drilled all the best spots so you know it's not like Exxon can go in saying we're just GonNa you know we're going to pick up the best spots. Most of the sweet spots have already been drilled so I don't foresee a future especially a while prices remain low where Exxon magically figures out to make a profit in the permeating even at fifty dollars a barrel because no one has consistently shown can do that. Yeah I mean excellent right now has been borrowing money to pay its dividends which is not a Sustainable business model and so this crisis going certainly be used a one as ways you know as you've talked about they're going to get bailouts in some way whether it's from the Fed or from this slush funds and certainly at one point trump tweeted out about the oil industry he specifically used the phrase national security. And you know they're going to. They're certainly going to try to do those things but again. Exxon and Chevron do not want those shell companies bailed out and there's rain right now just this week the CEO of Scott Sheffield a pioneer of archly. Have written a letter to the Texas Regulatory Agency asking for production cuts basically saying you need to step in and tell the excess producers. We need to limit production so we can bring prices back up and so I mean that's unprecedented to ask for you. Know Control of the markets the free markets in America but in the reporting on that they just two sentences that matter the one-sentence was Chevron and Exxon do not support production cuts so once again. You know the shell companies are trying whatever they can do to stay alive and at every turn Chevron next on. The American Institute are stepping in in the way. And you know they just have more power..
"chevron" Discussed on Behind the Bastards
"The goal <SpeakerChange> of <Speech_Music_Male> thinning out their numbers. <Speech_Music_Female> <Speech_Female> I think <Speech_Female> they're doing that themselves. <Speech_Music_Female> <Speech_Music_Male> <Speech_Male> <Speech_Male> Well. We have really <Speech_Male> gone <Speech_Male> on the warpath <SpeakerChange> <Speech_Female> today. Well <Speech_Female> I WANNA. Say <Speech_Female> last time I did this podcast <Speech_Female> I believe the <Speech_Female> other Robert Evans <Speech_Female> was still alive <Speech_Music_Female> <hes> and <Speech_Female> now you're the only <Speech_Female> Robert Evans so <Speech_Female> congratulations <Speech_Female> on <Speech_Female> being the sole <Speech_Male> Robert Evans <Speech_Male> giant last <Speech_Male> bearer <SpeakerChange> of the name. <Speech_Female> <Speech_Female> You could <Speech_Female> start wearing a cravat <Speech_Male> <SpeakerChange> and just <Speech_Male> start imbibe <Speech_Male> I do you? <Speech_Male> I <Speech_Male> am regularly <Speech_Male> <SpeakerChange> inhaling <Speech_Male> my body, weight and cocaine. <Speech_Female> Honor <Speech_Male> his. <Speech_Female> <Speech_Female> <SpeakerChange> I <Speech_Female> R I P <Speech_Female> to the Robert <Speech_Female> Evans. <Speech_Female> And Lot Mitt Long. <Speech_Female> May You live <Speech_Male> <SpeakerChange> real right? <Speech_Male> <Speech_Male> Now with all this cocaine. <Speech_Male> I'm doing <SpeakerChange> I'm going to tell you <Speech_Male> that much right now <Silence> I. Share a ski <Speech_Male> jump. <Speech_Music_Male> No <Speech_Male> never I will <Speech_Male> watch ski <SpeakerChange> fails, <Speech_Male> but I will never go skiing. <Speech_Female> Everybody has <Speech_Female> to do a lot of cocaine and <Speech_Female> then do skiing. <Speech_Male> Those are <SpeakerChange> the <Speech_Male> the future games that <Speech_Male> the new Olympics <Speech_Male> rules and we only <Speech_Male> the only <Speech_Male> place. <SpeakerChange> It's <Speech_Male> legal to hold <Speech_Female> the Olympics. <Speech_Female> Describing <Speech_Female> the Nazi Olympics again <Speech_Female> just do <Speech_Female> a lot of speed <SpeakerChange> <Speech_Music_Male> skiing. Yeah, but <Speech_Music_Male> the the goal <Speech_Music_Male> is to watch. <Speech_Male> People agree <Speech_Male> to do something <Speech_Music_Male> dangerous. <Speech_Male> And <SpeakerChange> that's <Speech_Music_Female> fine well, that's noble. <Speech_Music_Female> That's going to be when we <Speech_Female> get to the hunger games, <Speech_Music_Female> which will be any moment <Speech_Music_Female> now? Probably, yeah? <Speech_Music_Female> <Speech_Music_Male> <SpeakerChange> <Speech_Music_Male> On that? <Speech_Music_Male> On that <Speech_Music_Male> note. <SpeakerChange> I'm <Speech_Music_Male> Robert Evans. <Speech_Music_Female> <Speech_Music_Female> <Speech_Music_Female> Wants to send <Speech_Music_Female> Molly Lambert <Speech_Music_Female> wants <SpeakerChange> to say. <Speech_Music_Female> Do follow him <Speech_Music_Female> on twitter at <Speech_Music_Female> I right. Okay, <Speech_Music_Female> you can follow <Speech_Music_Female> us. <Speech_Music_Female> Bastards <Speech_Music_Female> caught on the <Speech_Music_Female> ground, <Speech_Music_Female> and we have a t public <Speech_Music_Female> store <Speech_Music_Female> and he's doing a live <Speech_Music_Female> show with Billy Davis <Speech_Music_Female> in <Speech_Music_Female> La on March <Speech_Music_Female> J.. <Speech_Music_Female> Dynasties typewriter. <Speech_Music_Female> <SpeakerChange> <Speech_Music_Male> Do it all over. <Speech_Music_Male> I don't <Speech_Music_Male> know I have forgotten <Speech_Music_Male> my name in <Speech_Music_Male> the face of my father. <Speech_Music_Male> Great <Speech_Music_Male> <Speech_Music_Male> The episode <Speech_Music_Male> is over <SpeakerChange> Great. <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Female> <SpeakerChange> <Speech_Female> <Speech_Female> What Made Vincent <Speech_Female> Van Gogh, one of the greatest <Speech_Female> painters and <Speech_Female> most tortured souls <Speech_Female> <Advertisement> of all time <Speech_Female> <Advertisement> was Harry. Houdini <Speech_Female> <Advertisement> predestined to become <Speech_Female> <Advertisement> the great escape. Artists <Speech_Music_Female> <Advertisement> based on his family's <Speech_Music_Female> <Advertisement> great escape. <Speech_Music_Female> <Advertisement> I'm Dr. Gail Saltz <Speech_Female> <Advertisement> and on my new podcast <Speech_Female> <Advertisement> personality. <Speech_Music_Female> I'll be joined <Speech_Music_Female> <Advertisement> by amazing experts <Speech_Music_Female> <Advertisement> to delve <Speech_Music_Female> <Advertisement> into the minds <SpeakerChange> of famous <Speech_Music_Female> historical <Speech_Music_Female> figures. If <Speech_Female> you want to know what really <Speech_Female> <Advertisement> made exceptional, <Speech_Music_Female> <Advertisement> people tick, then <Speech_Music_Female> <Advertisement> take a listen to personality. <Speech_Music_Female> <Advertisement> Listen <Speech_Music_Female> <Advertisement> to personality <Speech_Female> every Monday on the iheartradio <Speech_Music_Female> <Advertisement> APP on <Speech_Music_Female> Apple podcasts <Speech_Music_Female> <Advertisement> or wherever you get your <Speech_Music_Male> <Advertisement> podcasts. <SpeakerChange> <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> Guys it's <Speech_Music_Male> <Advertisement> bobby bones. I host <Speech_Music_Male> <Advertisement> the bobby bones show. <Speech_Music_Male> Up <Speech_Music_Male> <Advertisement> Pretty, much always sleep because <Speech_Music_Male> wake up at three o'clock in <Speech_Music_Male> <Advertisement> the morning a couple of <Speech_Music_Male> hours later. I get all my <Speech_Music_Male> friends together, and <Speech_Music_Male> we get into a room <Speech_Music_Male> and we do a radio <Speech_Music_Male> show. We share <Speech_Music_Male> our allies. We tell our <Speech_Music_Male> stories. We try to find <Speech_Music_Male> <Advertisement> as much good in the world. <Speech_Music_Male> Possibly can, <Speech_Music_Male> <Advertisement> and we looked through <Speech_Music_Male> the news of <Speech_Music_Male> the day that you'll care about <Speech_Music_Male> also <Speech_Music_Male> your favorite country artists <Speech_Music_Male> are always stopping <Speech_Music_Male> <Advertisement> by to hang out <Speech_Music_Male> <Advertisement> and share their lives <Speech_Music_Male> <Advertisement> and music, too, <Speech_Music_Male> so wake up <Speech_Music_Male> with a bunch of my friends. <Speech_Music_Male> I Ninety eight point <Speech_Music_Male> seven W., MC, Q <Speech_Music_Male> in Washington DC or wherever the rotates you on the iheartradio APP.
"chevron" Discussed on REAL 92.3
"Space. Call me Chevron early in the morning. Like a drag. Back. Could you on my shoe? House. I don't care. Doc. Space. Decay. Woah, you say. Talk. Boston. Not a up. She go. Let me. Keys in v. Twelve I'm Gina stopping me. Emma overseas. Space. Nope..
"chevron" Discussed on MAD MONEY W/ JIM CRAMER
"Think the price of oil would be soaring today their country imposing sanctions were in. But instead it actually closed down the debt. So that's reality. I think crew may be on the verge of rolling over even at that towns totally counter to it. How is that possible? If you only listen to the major oil companies in those recent conference calls you think this firing all Suman. Just excellent Chevron BP day all had been tastic quarters. Some of the best quarterback can call me. All patch. Chevron Cass folk mop rations has served his highest level in nearly five years back. Then was it. One hundred ten bucks power push down more than forty percent from those levels, Chevron generating the same amount of cash. That's on the same story with best cash flow from operating activities since two thousand fourteen covers investing over the world growing like the Exxon of old in many ways BP was the most confident the British oil clauses. Just in for the first time in almost four years. Magic out an overview of global inventory declines, they explain that any kind of supply shock, I mentioned Libya. Venezuela rent could send the price of crude surging dramatically higher. More important BP told us that quote, we can't see anything which would majorly move in quote, lower it opening damn Chevron voted higher. Take three point seven percent. I tell you what. Even though I think chevrons it's becoming. Getting a fabulous hauling opportunity. How am I this bearish? When the beginning great. It's incredibly bullish simple oral really ready. Okay. If it's going to war, then the oil service stocks would be flying here because these companies make a fortune proofs put their money where their mouth is and open the truing spigot. But that is not happening. Take slumber J. Best oil service company stock that trades nearly fifty bucks just slumber. J shares are actually down about twelve weeks from where they were at the absolute bottom in oil think about that. When crude twenty six dollars per Blough, twenty sixteen and tone. I know it club members of action was plus dot com.
"chevron" Discussed on First Mondays
"Right? But the the statute is clearly trying to encourage the attorney general to pick those people up right away. Right. Like I mean, I'm not a super positive, but the idea here is take them into custody as soon as you can. Right. And if you don't, maybe they're not described in paragraph one anymore, but I don't know. And even if you even without that, you might say it at least sort of authorizes that it's it's mandatory in the sense of saying shell for one thing. But on top of that, you might think it just means, you know, at the very least. Upon release. Yeah, that's I think that's right. And so you know, there are some other arguments kind of floating around the case as you might expect. The government invokes Chevron difference and you know the people on the other side, you know, the lawyers for the class of immigrants say, well, first of all, there's serious constitutional problems with reading the statute your way because authorising mandatory detention with no findings of individual dangerousness is really only appropriate in a narrow class of cases and this sort of argued this this wouldn't fit. I don't. I don't know about that, but they also say Chevron deference isn't appropriate for the government's interpretation of its own detention authority, which is kind of like a, that's an argument that you could imagine actually getting a little a little pickup, right. Like you know, with a Gorsuch, for example, who doesn't even really believe in Chevron to begin with. But certainly I don't think we believe in it in the context of the attorney general interpreting the scope of who he can and can't lock up forever with no bond hearing. Right, right. No. And. In that sense to to kind of shades of Gundy you might think in a way in that sense? Yeah. So that's tricky. And there's also a sort of like the sort of lurking atmospheric thing is. All this person gets is a bond hearing conducted before an immigration judge, right? And as a person who's r- I mean, I've represented immigrants who, yeah, they got a bond hearing. They weren't remotely dangerous that can get on because it's hard to get bond from Jay's a lot of the time, and it has to be at least fifteen hundred bucks, right? Like not every alien in the world has fifteen hundred dollars to pay for a bond and not always ability to get it. So it's not like if the government loses this case, it has some dramatic policy consequence, but just just on the text of it, I don't know. Maybe I'm just becoming hardhearted in my old age, but I I have a problem. I have a problem here. I think this is what comes of having a having a tenure track job. Now you're, you're losing your common touch. Yeah, I know I just wanted to comment touch and losing my radicalism. Right. And I'm sitting at sitting in a nice hotel saying immigrants should be, you know, locked up by the attorney general. What's happened to me what's happened to me. It's not good. So I think that's a, that's a pretty good exercise. I kind of like the idea of talking this stuff through totally blue sky, which do more of this..
"chevron" Discussed on We The People
"That indeed is why I am frustrated by tax Chevron or broader constitutional attacks because I think we are missing the urgent questions by fighting these battles, but constitutionally that go back to the nineteen thirties. I doubt very much that there will be a popular outreaching over Chevron. I have been struck by the thin to which Chevron has come into Senate confirmation hearings. And if it goes beyond that, well, look, great for me. I'm an outlaw person then suddenly way. Cool. But I don't think so. In terms of what I do think we will continue to see in the courts a lot of content contestation about this, and we will see some in congress who've been measures in congress, the seperation power restoration to try and peel back at a Chevron. So I think we will see that, but I think he'll be at the level of elites in terms of what the courts will do. I think we will see continuing further domestication of Chevron. The supreme court hasn't really relied on Chevron since at least two thousand sixteen maybe even two thousand fourteen. But this one case in two thousand sixteen that make count. And so it's not, as I said before, it's not been that much of a force recently on this on the speaker, it's been more more relevant in lower courts, but I think what we're going to start seeing more robust inquiries at the first step of Chevron into what the Texas statute says, and the narrowing of the extent which questions are being read by courts left to agencies. That's part of the play of Chevron. It won't be overturning. I don't think the fundamental constitutional attack on Chevron is going to succeed. Because as I've said, I don't think it's founded the justices agree with it across the board. And I think they recognize the difference in another form simply arise. The broader constitutional intact in the ministry of state, I think is really want to keep your eye on that is something that the Roberts court has really been pursuing. And here I think the ultimate outcome will depend a lot on what happens in politics, but if we have politics that move in a very democratic more progressive more pro regulatory direction, and we have a court which is trending very much in the opposite direction. That leads to the kind of clash that we saw in nine hundred thirty seven. That leads to supreme court being more out of touch with the government and with the populace than is healthy for the institution. And I'm not sure what the court would do. Then my own, including probably Roberts is enough of an institution's. He will pull it back, but that turns on politics and in right now, the government that we have elected is actually profoundly not pro regulatory it. So there isn't that disconnect right now. The supreme court is very much in keeping with the governing administration. Indeed. So that when I honestly think we just can't tell what's going to happen. Gillian. Thank you so much for joining. The we, the people team would like to give special thanks to the federal bar association for hosting us at their event and to their on-site av team for facilitating this live recording. This episode was engineered by David Stotts and produced by me Jackie McDermott and by Madison Poulter and Scott on boy, research was provided by me and by Lana Oprah. Join us back here next week for our supreme court term preview until then you can keep up with the national constitution center by signing up to receive constitution weekly. Our Email roundup of constitutional news and debate bit dot l. y. slash constitution, weekly, that's beat IT dot l. y. slash constitution, weekly on behalf of the national constitution center. I'm Jacky McDermott.
"chevron" Discussed on We The People
"I should begin by saying what a pleasure it is to have been discussing this with Jillian Upshur. We'll continue this. Apartment building and of school. So I the history, I don't want to delve into the history now suffice it to say, I think the other view the history is profoundly mistaken just to put it simply when transfers lawmaking power from the lecturer and their elected officials, diverse elected officials into the hands on a module nice class. It doesn't matter that much class considered itself above racism or not. Inevitably they'll be consequences for diverse populace. Diverse populace cannot be represented through administrative state. They need to have representatives where worried about being reelected to respond to them. And that's the way did when you put the head power into the hands of an imagine is classified ministers and this is this is a severe problem. It's not so much about race these days as about education and knowledge, and we all know these days that there's deep resentment about some of this. And some of that actually comes out of the administrative. State and doctrines like Chevron, Chevron now about word out there, people hate Chevron, even though that don't even fully understand what it is because they do have an innate sense, an accurate sense that this is incompatible both with a Representative system of government, and of course, with traditional independence and process and freedom from bias. Now so much for the history that'll be talking about the current affairs. And the constitutional question, the question is very simple. Do we want to have an independent judiciary that decides cases on their merits fairly between the parties with full due process for both that is not biased in favor of the government wherever the government proceeds against you? I think the answer to this is very, very easy. If someone really wants to stand up against to process, let let them let them do so and let them explain why Chevron is all about interpretation. All the -ffiliated doctrines is about interpretation. The supreme court can't walk away from this, right? That's one of the problems. They've said. It's interpretation for decades. What are they gonna say now wasn't really interpretation and that's why we're not biased. They've imposed bias in the federal judiciary and therefore on the rest of us, and we all know have to live with this terrible terrible mistake. Chevron is an abomination not merely because what it does and particular cases because it undermines confidence. That we can get a fair hearing in federal court. And the answer is currently we cannot when the government moves against us administratively because of doctrines like Chevron. And Chevron, of course, the worst. What's the future. I don't have high expectations of the supreme court will have the gumption to admit its own error. It should. I don't think it will. So I think the action is going to be in the lower courts and we've already seen this. We've seen it in the federal courts, and we've seen it in state supreme courts as when the Wisconsin supreme court reprimanded, the supreme court. And I like to close by saying, if any of you have Chevron cases and you want some help if you just wanted to make us brief supporting your position, please get in touch with me or get in touch with the news of Libya's alliance. We're here to help. And one of our targets, of course, Chevron, because Chevron, as I said, there's an abomination to destruction, everything we love about due process and unbiased drenching. Thank you. So. Your thoughts on Chevron, and what would you have to see change in the way that judges interact with review decisions? Thank you and thank you for listening to us in his in lot of fun as it always is debating full. One nice thing to say conclusions. I think there's something that Tippin I agree on, which is I actually think that thinking creatively about ways of making agencies, responsive and attentive to the needs of different communities. In different ways, programs are implemented is important. I think the fundamental way to do that is actually through thinking about the structures of the administrative state. There's been, there's a lot of ways of bringing in the states and localities into national programs. The whole nature of administrative rulemaking actually provides much more room for feedback and for comments, people are thinking creatively about how to make it more responsive, but to go down that route is to accept the fundamental constitutionality of administrative governance and.
"chevron" Discussed on We The People
"Administrative power is racist all along even more important than issue of race class, and that is still predominant and underlies doctrines such a Chevron. Chevron is part of a sweeping shifted power to the knowledge class shift of power out of the hands of folks who vote in local elections representatives and think that they actually make law into the hands of people. Well, like us in this room who have university degrees and are more tach sometimes to the thorny of our knowledge than to authority of voters. And if we're going to deal with Chevron and related doctrines, we should recognize that one of the reasons they go so far even beyond the principles of administrative power to shifting power to agencies. Why does seem so acceptable to people? Well, like those of us in this room. It's because of class, and that's an ugly fact. We can never never forget. Two of if you chance to respond to any of folks point safari. Ask you both for just losing thoughts on then we'll get questions. Okay, wonderful. So this is one of the reasons why love having Philip is a colleague because his ability to span vast areas always challenging. He did not. However, by the way, bring in his study of Quakers, which I expecting those final comments just an FYI there. So unfortunately on this one, I think Philipe were fundamentally wrong. If you look at the advent of what we now consider the modern ministry of state and it's it's, you know, it existed. It started to exist. It existed much more over throttle our nation's history as historians have shown. It came to be expanded in the progressive era to turn of the century. But of course, the modern. Dramatic expansion of the modern men. Ministers Tate happened with the new deal with f. d. r. you focus on what were some of the reasons for that. It was an expansion that was fundamentally driven by popular desires for more regulation, popular fights over things like business versus labor, who opposed the administrative state. The administrative state was opposed by industrialists. If you go back and you look at the liberty league, which was a leading group that was attacking FDR and bring all sorts of constitutional challenges against administrative actions in new statutes who were they, they were the depan brothers. That's who they were. They were the DuPont brothers and all of their billionaire or probably point millionaire industrialist friends. That's what the opposition to administrative government has always been rooted in. And the impetus for administrative government has been for a desire for greater government protections for greater government benefits for. Government regulation by those who have not been those traditionally elites with power or wealth. If you particularly go back and look, they're, they're real fights were about labor and it's fascinating if you study the debates over the birth administrative state today, it's much more environmental regulation and other areas, but it was profoundly fraud over labor. At the time it was born and it is simply mistaken to think that the reason why the administrators take came to be was away of siphoning off power from the newly empowered working classes or lower working classes into the hands of -letes. On the point about racism. Philip is absolutely right that there were many reasons. Features of key parts of our administrative state. There were many racist features about our country. The problem is that racism is a deep threat in our natural political history and culture. The reason why, for example, agricultural workers were not extended coverage onto an alario was because the power southern Democrats who would not support FDR if he challenged the race relations in the south. His willingness to go along to get something underway something many people criticize but did nothing inherent in administration. It is inherent in many other political factors. And in fact, if you think about many of the significant moves that our country has made at times to combat racism actually come from administration. So think about Truman's order right ordering that the military be, what was it that was an administrative action with profound implications. Just one example. There was a whole area of scholarship called administrative constitutionalism and number of historians with studied how administrative actors people at low levels. People at high levels and agencies really thought sought to use their executive administrative powers to address racial imbalance in this country. So finally on this question of whether or not Mr..
"chevron" Discussed on Toure Show
"Because he ran away and came to stay with us you know when he was living with his mother married how old is that fourteen thirteen right around there same same time it was maybe the week of the car thinking he ran away from his mother's home yeah did was she singled chevron you know she was married yeah yeah hey would omar and taika they'll know the other so i mean i think you know i want to really speculate because i wasn't there i didn't see i just know that he would come and would tell me different things about this and that and then plus what i would see just with their interactions it was an interesting you know like some stepfather's can be really really cool sure and some stepfather's maybe not so much and some somewhere in between and it's hard for me to really speculate on where he was that i just know that he was making him do a lot of stuff i don't wanna call him senator fella or anything like that but you know but this is what prince told you his feeling with that he was getting no he didn't tell me that it's it's no i just from the conversations that he would have in the things that he would say about the situation but long story short he was like you know whatever was going on there he just came in and said can i stay with you guys for a while and i was like it's fine with me gotta talk to my mom talked to my mom.
"chevron" Discussed on Bloomberg Radio New York
"Feels that way because we take a look at shares of chevron chevron and exxon mobil kind of mixed up because chevron shares are rallying exxon mobil not so much both of them out with earnings today let's get a look at the results take a look at the environment for big oil for nando valley is oil and gas analyst bloomberg intelligence inner bloomberg eleven three oh studio near nice to have you here my pleasure thanks for having me so tell me what happened i mean no company even if you're in the same industry are exactly the same so let's let's let's talk about chevron i and we do see their shares are up in today's session talk about their quarter so chevron's really benefiting from a secular change in their own circumstances they made a lot of large investments in the twenty ten to twenty fourteen period that's now coming to mature so the biggest one was gorgan ellen jean australia but they also have reached stone ellen g also in western australia the first three trains are gorgan came online during two thousand seventeen the first strain of we stone came online at the end of twenty seventeen and so now ellen g that's all lng okay so they're really starting to benefit from that so in other words gave me the investments few years ago and so now that's all starting to pay off this is what they like to call the wall of free cash or this finally coming to pay off and you know the question becomes when when does that free cash little regard to shareholders or does that free cash will go somewhere else and they haven't really talked about buybacks yet they said he wanna see some consistency on free cash flow but they're net debt is fairly low their eighteen percent of their equity capital on a debt and i think what they're really looking for is to eliminate all the turnkey risks with the second train of wheat stone which comes online this quarter and in one set stare and they started to generate free cash flow from that project as well they'll being a place where they can look to to start increasing the.
"chevron" Discussed on WREK
"What is that and so she turned around really quickly and she did this really big gas you know we all just didn't know what happened in so she immediately said that's chevron that just exploded at that moment none of us knew what to do you know we just see this big roar of a black cloud just shoot straight up straight up in the air you know look multiple big clouds following it and you know we heard these booms these really loud booms i think it was like two or three of them and we immediately started to tell everyone get inside similarly 635 there was an explosion of some type at the chevron refinery in richmond we've had an you know just watching it from my windows just see the clouds discontinue to cover this guy in the flares just shoot up in now people like me who remember that day has to fear every day am i gonna see another explosion in my lifetime i really hope not you see a group near the chevron richman refinery in california in two thousand twelve over shared pipe at the refinery caused the fire sending black smoke into the surrounding areas it took more than four hours to bring the fire under control oh richmond lies in what's known as the refinery corridor there are five petroleum refineries along the north coast of the east bay less than thirty miles from each other so those of us who live along this oil artery are all too familiar with the trends of having a petroleum processing plant as ours neighbor that.
"chevron" Discussed on 99 Percent Invisible
"This is ninety nine percent invisible i'm roman mars mm woo two years ago i was talking to john maher he's the guy who i uttered this bedrock nine ipi mantra always read the plaque we are talking about the show and he said you know what you should do a story about it's one of my favorite places in san francisco so i went to the address i checked it out and i kid you not he sent me to a gas station on van avenue in san francisco edelman a look around and discover what was weird about it in almost every respect is a normal chevron gas station it has a blue awning and the red and blue chevron logo on the sign but the sign an awning don't say chevron they say standard as in standard oil the massive oil monopoly broken up in the early twentieth century by the sherman antitrust act when the independent companies created by that breakup was chevron and for some reason the though this gas station is a modern chevron station in every way it's called standard if you call the station they will answer the phone same chevron and the attendant cannot tell you why it's a standard on the side of tried but a trademark water by amanda eleven dusky can achieve i can't be any worry a lot he's someone who has the cure here and bonafide intent to use the mark in commerce and are using that word symbol device to identify the source of their goods or services that phrase bonafide intent means that if you want to keep a trademark you have to use it in this particular case when standard oil was busted up.