Bankers Warn Oil is “Unburnable Carbon”
A report from HSBC suggests BP, Shell and Norway’s Statoil could lose some 40 and 60 per cent of their market value if “unburnable carbon” scenarios are put in place.
Read the latest insights and analysis from the experts at Oil Change International.
A report from HSBC suggests BP, Shell and Norway’s Statoil could lose some 40 and 60 per cent of their market value if “unburnable carbon” scenarios are put in place.
The volume of gas flared in the US has tripled in just five years due to the boom in shale oil. And the flares from the main oil shale fields are now so great they are visible from space
Two Albertan government ministers will be finishing their latest lobbying tours of Europe this week after a ten day PR push to undermine the EU’s flagship climate legislation, the Fuel Quality Directive.
These are not the words of a President talking about our addiction to oil, but an eleven year old fighting for our future. Obama’s second term inauguration speech yesterday made global headlines. But an eleven year old’s warning against the Northern Gateway pipeline in Canada is equally poignant and important.
Being a parent means you get to talk to kids to about climate change. Not your own kids, of course. With them, you’re lucky if you can deduce what homework they have each night.
Increasing petcoke use is a clear result of the increasing production of tar sands bitumen. Petcoke is a seldom discussed yet highly important aspect of the full impacts of tar sands production. Factored into the equation, petcoke puts another strong nail in the coffin of any rational argument for the further exploitation of the tar sands.
Tomorrow at the National Press Club in Washington, academics and activists will present damning new research about the Keystone XL pipeline and the development of tar sands.
Instead of learning the lessons of Shell's disastrous Arctic drilling campaign, the UK government is refusing to support a moratorium on Arctic drilling.