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Even though the science says we cannot carry on drilling, the oil industry capital investment over the next decade is forecast to rise over 85%, reaching over $1 trillion a year.

The beginning of the end of the age of oil moved a step closer today

Tomorrow tens of thousands of people are expected to march in San Francisco to demand that California Governor, Jerry Brown, take decisive action on climate change, including signalling an end to oil and gas drilling in the State.

Days after Justin Trudeau blew an estimated $15 billion of hard earnt Canadian tax payers money on Kinder Morgan’s Trans Mountain pipeline, scientists are warning just how financially and ecologically stupid and short-sighted the investment was.

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”.

Two months after Donald Trump announced that he intended to pull America out of the UN Paris climate agreement, last Friday the State Department submitted the formal notification to the UN to that effect.

Who will clean up the mess if oil companies go bust as the whole fossil fuel industry goes from a downcycle into a potential “death spiral”?

The world’s largest listed oil company, Exxon, announced on Friday it was going to have to cut its reported proved reserves by just under a fifth. It is the biggest reserve revision in the history of the oil industry.

Big Oil’s twilight could happen faster than many have predicted.