Toppling the Pillars
The World Bank's pledge to end all upstream investment in the oil and gas sector by 2019 topples a key pillar holding up the social license around the fossil fuel industry.
Read the latest insights and analysis from the experts at Oil Change International.
The World Bank's pledge to end all upstream investment in the oil and gas sector by 2019 topples a key pillar holding up the social license around the fossil fuel industry.
“It’s time for Big Oil to take responsibility for the devastation they have wrought, that’s why New York City is making the unprecedented move to both sue and divest from fossil fuel companies."
As Washington continues to digest the explosive revelations in the book Fire and Fury about the chaotic and dysfunctional White House and whether the President is mentally fit for office, the Trump Administration continues its full-frontal assault on the environment.
Although Canada’s controversial tar sands industry celebrated a small increase in production last year, this year’s forecast is looking gloomy, as investors continue to take flight over the climate risks and the relatively low oil price means that other oil patches look more profitable.
"The impact of Trump on climate science has been far greater than what the public believe it has.”
Argentina is on the brink of an oil and gas production explosion, with its top shale plays forecasted to vastly increase oil and gas production in the country through mid-century. The annual summit for the Group of 20 countries, which will be held in Buenos Aires at the end of November next year, seems set to serve as a boost for this development.
Yesterday, the decades-old struggle over what is America’s last wilderness area, the Arctic National Wildlife Refuge (ANWR), was reopened when Congress voted to open the Refuge to oil drilling.
The "Arctic shows no sign of returning to reliably frozen region of recent past decades”
Donald Trump will cap his ongoing assault on climate change this year by dropping the issue from a list of global threats in his 70-page National Security Strategy (NSS), to be unveiled later today.