Blog

The new year has started just like the old one ended, with the oil price continuing its downward slide. This morning oil dropped to five and a half year low as over supply continued to spook the markets.

New technologies like fracking––along with government subsidies––have ushered in an energy boom reliant on extreme extraction methods to produce oil and natural gas. Now the Uinta Basin is ground zero for what threatens to become the next phase in extreme energy extraction: strip mining for tar sands and oil shale.

Through public land leases, infrastructure subsidies, and some very expensive tax breaks, taxpayer money is supporting what could become one of the dirtiest, most destructive chapters in American energy history.

And so the free-fall continues. The price of Brent crude has fallen this morning below $60 a barrel for the first time since July 2009. The price of US crude is below $55.

Last week we exposed ExxonMobil’s Outlook for Energy as a corporate fantasy rather than a forecast. ExxonMobil's head of public affairs called our work ill-informed and "odious" but chose not to answer our arguments...

Not content with polluting our air and water and causing immeasurable harm to both the environment and health, the fracking industry has now come up with a novel idea: the consumer should pay for the polluting process as well.

The UN climate talks are nearing the final hours and one of the major sticking points is finance. Well, we're here to tell governments there's plenty of money available if they look in the right place.