Read the latest insights and analysis from the experts at Oil Change International.
The man who famously rebranded BP as “Beyond Petroleum” has re-entered the debate over climate and oil by warning that oil companies face bankruptcy if they do not address the risks of global warming.
Oh dear, BP. Last week was a lesson in how corporate sponsorship of the arts backfires badly.
The famous quote attributed to Benjamin Franklin is that "In this world nothing can be said to be certain, except death and taxes”. Another certainty is that you know that the top executives of controversial companies absolutely hate the one day in the year that they are accountable to their shareholders: the AGM.
We have known for years that Big Oil companies like BP sponsor iconic arts institutions in the UK as a way of greenwashing their image and helping the company with its “social licence to operate”.
I want to tell you a story about a man called Bob. Bob runs a large multinational oil company. His company has just recorded its worst ever record loss of $6.5 billion. He has sacked some 7,000 workers, ruining lives and ripping up livelihoods. His company has suffered a torrid, horrible year. His share price fell 13 per cent over the last year. His competitors all did much better.
Two of Australia’s most iconic marine national treasures are under threat from climate change and fossil fuel extraction.
Oil giant BP sent shock-waves through the industry this morning with what has been described as a “jaw-dropping” loss.
In a major set-back for the oil giant, BP’s highly controversial application to drill in one of Australia’s last great wilderness areas, the Great Australian Bight, has been rejected for falling short of environmental standards.
Once again the veterans of the Exxon Valdez have been proved right, after their warnings about the use of toxic dispersants during the subsequent Deepwater Horizon oil spill look to have been vindicated by new academic research.
For some years now a growing number of activists, scientists and analysts have been warning that, if we are going to keep global warming to 2 degrees Celcius, that a significant quantify of fossil fuel reserves can never be burnt.
