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Useful Info about Oil Companies
Most folks think "greed" and "pollution" immediately when they hear the words "Oil Company". Most US Citizens have very little knowledge on how much money Oil Companies' spend on the environment today. Yes, years ago Oil Companies did not oversee their operations like they do today-mainly because no one knew what environmental impacts it had. Remember when as a kid you could get Mercury at any Pharmacy and play with it? No one knew how Mercury was toxic then either.
Here's some interesting facts that recently came forth:
The Environmental Expenditures Survey conducted by API estimates that the U.S. oil and natural gas industry has invested more than $252 billion to improve the environmental performance of its products, facilities and operations since 1990 – about 65 percent of that directed toward cleaner air and water. The report is based on spending data from representative companies extrapolated to estimate industry-wide performance.
Highlights from the survey include:
■ The industry has spent $252.8 billion on the environment since 1990, $810 for every man, woman, and child in the U.S.
■ The industry spent about $13 billion in 2011, including $11 billion to implement new technologies, create cleaner fuels and fund ongoing environmental initiatives. An additional $1.9 billion was spent on research and development, corporate environmental programs and spill remediation efforts. In 2011, 35 percent of industry environmental spending was directed toward cleaner air.
■ Industry’s upstream (pre-refining stage) sector has spent $46 billion since 1990 (aside from remediation and spills) – including almost $4 billion in 2011.
■ The refining sector has spent $132 billion since 1990 (aside from remediation and spills) – including nearly $5 billion in 2011.
■ Transportation expenditures (mainly pipelines) doubled from 2010 to a record $2 billion in 2011.
The oil and natural gas industry is one of the largest investors in low and zero-carbon technologies in addition to advancing carbon capture and sequestration technology. Over the past decade, the U.S. based oil and natural gas industry investments exceed the federal government ($43 billion) and almost as much as the rest of private industry combined.
Maybe, just maybe, someone will wake up and realize Oil Companies are not the evil that Hollywood makes them out to be. The movies "Gasland" and "The Promised Land" are fictitous movies NOT based on any facts, but on bullchip; however, the average Joe will believe the crapola that some Hollywood dickhaid puts forth without any thought or research on their own-similar to folks that believe the lies that Obama spews for a vote for POTUS-whatever it takes to achieve money from a movie or to get elected.
Here's some interesting facts that recently came forth:
The Environmental Expenditures Survey conducted by API estimates that the U.S. oil and natural gas industry has invested more than $252 billion to improve the environmental performance of its products, facilities and operations since 1990 – about 65 percent of that directed toward cleaner air and water. The report is based on spending data from representative companies extrapolated to estimate industry-wide performance.
Highlights from the survey include:
■ The industry has spent $252.8 billion on the environment since 1990, $810 for every man, woman, and child in the U.S.
■ The industry spent about $13 billion in 2011, including $11 billion to implement new technologies, create cleaner fuels and fund ongoing environmental initiatives. An additional $1.9 billion was spent on research and development, corporate environmental programs and spill remediation efforts. In 2011, 35 percent of industry environmental spending was directed toward cleaner air.
■ Industry’s upstream (pre-refining stage) sector has spent $46 billion since 1990 (aside from remediation and spills) – including almost $4 billion in 2011.
■ The refining sector has spent $132 billion since 1990 (aside from remediation and spills) – including nearly $5 billion in 2011.
■ Transportation expenditures (mainly pipelines) doubled from 2010 to a record $2 billion in 2011.
The oil and natural gas industry is one of the largest investors in low and zero-carbon technologies in addition to advancing carbon capture and sequestration technology. Over the past decade, the U.S. based oil and natural gas industry investments exceed the federal government ($43 billion) and almost as much as the rest of private industry combined.
Maybe, just maybe, someone will wake up and realize Oil Companies are not the evil that Hollywood makes them out to be. The movies "Gasland" and "The Promised Land" are fictitous movies NOT based on any facts, but on bullchip; however, the average Joe will believe the crapola that some Hollywood dickhaid puts forth without any thought or research on their own-similar to folks that believe the lies that Obama spews for a vote for POTUS-whatever it takes to achieve money from a movie or to get elected.
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