History of the oil shale industry in the United States Act of 1985 which among other things abolished the United States' Synthetic Liquid Fuels Program. Union finally bowed to continued low oil prices and closed the project in 1991, rather than complete the US$2 billion project. Over several decades, some of the world's largest oil companies (Amoco, Arco, Chevron, Exxon, Gulf, Phillips, Shell, Sohio, Sunoco, Texaco, Union Oil) had spent billions of dollars to start an oil shale industry in the Green River Formation, the world's largest oil shale resource. But in the end, cheap petroleum prices drove oil shale out of business. Even after the oil shale bust, some
Deforestation of the Amazon rainforest repealed by Peru's legislature for being unconstitutional. In 2015 illegal deforestation of the Amazon was on the rise again for the first time in decades, this was largely a result of consumer demand for products like palm oil. As consumer pressure increases, Brazilian farmers clear their land to make more space for crops like palm oil, and soy Also, studies done by Greenpeace showed that 300 billion tons of carbon, 40 times the annual greenhouse gas emissions from fossil fuels, are stored in trees. In addition to the carbon release associated with deforestation, NASA has estimated that if deforestation levels