Exxon “Enters No Man’s Land”
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.
Read the latest insights and analysis from the experts at Oil Change International.
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.
Last night 10 climate activists, support team members, and videographers spent the night in jail across four US states after five of them shut down all the tar sands pipelines crossing the Canada-U.S. border.
New concerns have been raised over the ecological impact of in-situ tar sands mining after research was published yesterday revealing that high pressure steaming can discharge pollutants into the environment
After the Canadian province of Alberta announced last week that it was establishing an “Oil Sands Advisory Group” (OSAG), to advise the government on the tar sands aspects of its Climate Leadership Plan it immediately caused an out-cry from opposition groups and some parts of the oil industry.
In a stunning victory for First Nations and environmentalists, a Canadian court has overturned the approval of the highly controversial Northern Gateway pipeline in Canada.
Defying increasingly dire concerns about climate change and ongoing price volatility in the oil market, the dirty tar sands are set to increase production by a million barrels a day by 2025, a new report predicts.
Big Oil’s twilight could happen faster than many have predicted.
The fire that the locals call “the beast” is back with a vengeance. Last week, the wildfire that ravaged parts of the tar sands town of Fort McMurray in Alberta seemed to have done its worst. But in recent days it has returned and headed to the tar sands camps north of the town, travelling at around 30-40 metres per second.
Fort McMurray, the capitol of the Canadian tar sands industry, was under a “mandatory evacuation order” last night as a massive uncontrolled wildfire engulfed the city, forcing some 60,000 residents to flee.
At the beginning of last week, environmentalists celebrated when the largest energy infrastructure company in North America, Kinder Morgan, pulled the plug on its controversial natural gas pipeline which had been proposed through parts of Massachusetts and Southern New Hampshire, called NorthEast Energy Direct.