Read the latest insights and analysis from the experts at Oil Change International.
“Rather than planning an orderly decline in production", Big Oil is "doubling down and acting like there is no climate crisis. This presents us with a simple choice: shut them down or face extreme climate disruption.”
Since taking office, the Trump administration has offered close to 378 million acres of public lands and waters for oil and gas leasing, which is more acreage than any other administration in history.
The head of Strategy for BP, Dominic Emery, has admitted that some of the company's oil and gas “won’t see the light of day.”
“The writing is on the wall for oil companies that do not support global efforts to avoid a climate catastrophe by urgently phasing out fossil fuels and transitioning to a low-carbon world."
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.
The iconic giant baobab trees of Africa are dying. And we are most likely to blame
The environmental group, Friends of the Earth in the Netherlands has announced that it will take Shell to court if the company does not act on “demands to stop its destruction of the climate”.
Goldman Sachs, the hugely influential investment bank has issued a report on the “Seven Sisters”, the world's largest oil companies, arguing that having “survived a life-changing crisis” the companies are “now poised to reap the rewards”.
The Norwegian company, Statoil, is proposing to change its name to “Equinor”. The rebranding exercise – or what some may call greenwashing exercise - will cost as much as 250 million kroner or $32 million.
Trade wars may be good in the chaotic mind of this President, but he has infuriated his buddies in the oil and gas industry by slapping tariffs on imported steel.
