It’s not just oil that’s in trouble: “Gas is over-supplied, over-hyped, and out of time”
"Shell has been a leader in peddling the gas myth for a decade or more, and it’s now clearer than ever that gas is over-supplied, over-hyped, and out of time.”
Read the latest insights and analysis from the experts at Oil Change International.
"Shell has been a leader in peddling the gas myth for a decade or more, and it’s now clearer than ever that gas is over-supplied, over-hyped, and out of time.”
A new study published last week confirms what we already knew about oil and gas in the Permian Basin. It's an unmitigated disaster.
“There is no regulatory framework for fracking that will keep the toxins out of air and water, or will protect the climate from carbon and methane releases. It can’t be done. It can’t be made safe. Like lead paint, we finally have to ban it."
The world’s largest oil exporter has signalled that it is investing in the world’s largest shale play. And that can only be further bad news for the climate.
The prospects for the shale industry are looking increasingly bleak this year as it haemorrhages investor cash, continues to experience widespread community resistance, especially in Europe, and fails to find adequate gas reserves.
As the fledgling UK fracking industry bleeds investors’ money in alarming quantities on a daily basis, plagued by ongoing issues of democratic accountability, seismic activity, financial viability and on-going legal challenges, it will find no comfort from looking across the pond.
France's new "Ecological Transitions" Minister says: "There will be no new exploration licences for hydrocarbons, we will pass the law this autumn”
Yesterday, a federal judge refused to issue a temporary injunction against construction of the highly controversial Dakota Access Pipeline. The latest setback for the First Nations fighting the pipeline means that it could be “operational in as little as 30 days”, according to a lawyer for the company building it, Energy Transfer Partners.
The protests by First Nations against the North Dakota pipeline are beginning to rattle the funders behind the highly controversial scheme. This means that the pipeline that once seemed unstoppable is increasingly looking vulnerable.
“Call the White House. Tell them this is unacceptable!!” someone tweeted yesterday, as people watched in horror as heavily armoured Police and law enforcement agencies moved to clear the water protectors in North Dakota fighting to stop the Dakota Access Pipeline.