Read the latest insights and analysis from the experts at Oil Change International.
The oil barons from Exxon will wake up to a double headache this morning. The carnage on the international oil markets is playing havoc with their share price. Yesterday afternoon the company’s stock was down nearly 5 per cent as the oil price continued its free-fall.
So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran.
Well we will have to wait for another day and another trial for an American jury to rule on the “necessity defence” for direct action to prevent climate change.
Every day, it seems, brings more bad news for the fossil fuel industry. The week started badly with the news that they US coal giant Arch Coal, which owns the world’s biggest coal-mining complex, was filing for bankruptcy.
For decades the tranquil Kenyan island of Lamu has enchanted travellers to the country. The iconic old town, which is the oldest and best-preserved Swahili settlement in East Africa, is a maze of narrow alleyways and streets with stunning traditional architecture, which feels like you have been transported back in time.
History will be made later today in an unassuming grey court room in Snohomish county in Washington State, when five activists – known as the Delta 5 - who blocked an explosive crude by rail train last year, will argue that their actions were justified by the threat of climate change.
Not long into the New Year and already a new warning about climate change and rising sea levels.
It is increasingly being seen as America’s worst environmental disaster since BP's Deepwater Horizon blowout in 2010 and has led to thousands of people being evicted from their homes.
It is not a Happy New Year for Big Oil, as the industry faces another daunting year of low oil prices, which could have a catastrophic impact on the US shale industry, amongst others.
Veteran anti-oil campaigners were gifted an early Christmas present at the end of last week when a Dutch appeal court ruled that four farmers could sue Shell in the Netherlands for compensation caused by oil pollution on their land in Nigeria.
