According to a new analysis the US now holds more oil reserves than Saudi Arabia and Russia, the first time this has happened. The crux though will be whether the US shale industry can access the finance to carry on exploiting shale. And that remains to be seen.
The political and economic reverberations of last week’s Canadian court of appeal judgement against the controversial Northern Gateway pipeline are continuing.
In a stunning victory for First Nations and environmentalists, a Canadian court has overturned the approval of the highly controversial Northern Gateway pipeline in Canada.
The man who famously rebranded BP as “Beyond Petroleum” has re-entered the debate over climate and oil by warning that oil companies face bankruptcy if they do not address the risks of global warming.
Defying increasingly dire concerns about climate change and ongoing price volatility in the oil market, the dirty tar sands are set to increase production by a million barrels a day by 2025, a new report predicts.
Leading climate denial organisations in the UK are pushing for Brexit which could fast-track fracking.
