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The EPA found that fracking can impact drinking water quality.

The company recently admitted that it has invested heavily in Canada’s tar-sands oil reserves, InsideClimate News reports — and it was not a good bet.

Tar-sands oil is difficult, expensive, and energy-consuming to extract, making it especially bad for the climate. It’s only profitable when oil prices are high. Exxon acknowledged in a public financial disclosure report this fall that it could be forced to take a loss on billions of barrels of tar-sands oil unless prices rise soon.

The company made this unwise investment despite long knowing, as InsideClimate News previously reported, that burning oil causes climate change and future climate regulations could make tar-sands oil unprofitable or impossible to drill.

In 1991, Exxon’s Canadian affiliate Imperial Oil commissioned an analysis that found carbon regulation could halt tar-sands production. “Yet Exxon, Imperial, and others poured billions of dollars into the tar sands while lobbying against government actions that would curtail development,” according to InsideClimate News.

This news comes just after Donald Trump nominated ExxonMobil CEO Rex Tillerson to be secretary of state. The State Department is responsible for reviewing proposed pipeline projects that cross international borders, like Keystone XL, which would have carried tar-sands oil from Canada down toward U.S. refineries.

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The EPA found that fracking can impact drinking water quality.

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Disastrous flooding in Louisiana is now normal flooding

Disastrous flooding in Louisiana is now normal flooding

By on Aug 15, 2016Share

Historic rainfall and flooding in Louisiana this weekend have led to at least six deaths and thousands of damaged homes. Over a foot of rain fell in Kentwood, La. in just 12 hours, and five different cities in the region have reported rainfall totals of over two feet. The amount of rain is being called “scarily high” by the National Weather Service.

Louisiana Gov. John Bel Edwards (D) said Sunday that more than 20,000 people had been rescued in the flood, including himself: The Governor’s Mansion in Baton Rogue flooded in the deluge, and the Edwards and his family were evacuated to the Louisiana State Police Joint Emergency Services Training Center in Zachary.

“It’s not over,” Gov. Edwards said at a press conference. “The water’s going to rise in many areas. It’s no time to let the guard down.”

Indeed, rainfall of this magnitude is increasingly common. Why? Warming temperatures from climate change cause additional water vapor in the atmosphere, which leads to heavy precipitation. As Eric Holthaus points out in Pacific Standard: Statistically, we should only see rainfall of this magnitude occurring once every 500 years, but this is the eighth 500-year rainfall in the U.S. in just over a year.

Clearly, something has fundamentally changed — and that something is the climate. The silver lining for Louisiana? Gov. Edwards is more promising than his predecessor, former Gov. Bobby Jindal (R), with regard to acknowledging the threat that climate change poses to his state. Granted, that bar was extremely low.

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Disastrous flooding in Louisiana is now normal flooding

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