Drowning in Bad Oil Debt
Imagine you went on a weekend gambling tip to Las Vegas and played roulette, and that you carried on betting on black and yet every time the ball ended up landing on red.
Read the latest insights and analysis from the experts at Oil Change International.
Imagine you went on a weekend gambling tip to Las Vegas and played roulette, and that you carried on betting on black and yet every time the ball ended up landing on red.
Two of Australia’s most iconic marine national treasures are under threat from climate change and fossil fuel extraction.
TransCanada, the company that tried in vain to build the hugely controversial Keystone XL pipeline (KXL), which would have transported tar sands oil from Canada to the US, is now betting big on fracking gas instead.
Eventually what goes down, must come up. And to the relief of everyone in the oil industry, the global energy watchdog, the International Energy Agency (IEA) believes that there are signs that oil prices "might have bottomed out.”
As NASA releases a "bombshell" on climate change, a new report concludes that fracking is encouraging the development of other energy-intensive infrastructure and industries which in turn produce vast amounts of carbon dioxide.