Boom goes the oil industry, bust goes the climate
There was the tar sands boom and then the shale gas boom. Then there was the export boom and the tight oil boom. Now it seems there's the midstream boom.
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2026
2026
Will Tar Sands Soon Be on Way to Europe?
As political pressure mounts in the US to lift the country’s decades-old crude oil export ban, Reuters reported yesterday that the US government has recently authorized limited re-exports of foreign crude to Europe for the first time in years. According...
Fossil Fuel Production Rises Under the Inflation Reduction Act, Exacerbating Environmental Injustice
The Inflation Reduction Act and U.S. President Joe Biden's policies fail to reduce fossil fuel production or alleviate impact on environmental justice communities, according to a new briefing by Oil Change International.
New Zealand implements policy to live up to commitment to end international fossil fuel finance raising pressure on Australia to follow suit
Aotearoa New Zealand has released a new policy to live up to its 2021 COP26 UN climate summit commitment to end international finance for fossil fuels, including oil and gas, by the end of 2022.
The clock is ticking: Ambitious export credit climate policies needed to implement the Glasgow Statement
By Nina Pusic Often hidden from public view, export credit agencies (ECAs) hold a make-or-break role when it comes to achieving the 1.5°C warming goals of the Paris Agreement and averting climate catastrophe. Their export support, in the form...
Briefing: Carbon Impacts of Reinstating the U.S. Crude Export Ban
The next president and Congress should reinstate the crude export ban in tandem with policies to ensure a just and equitable transition away from fossil fuels. A reimplementation of the ban would therefore require an ambitious and well-funded energy policy...
Day of Action Against Financing of Keystone XL, Line 3 Pipelines
Today across the nation, activists in 60 cities and 25 states plan to utilize COVID-safe and creative ways to deliver letters calling on major banks to distance themselves from the funding of the toxic Keystone XL and Enbridge’s Line 3...
Response to Keystone XL subsidy announcement from Alberta
Today, the Government of Alberta announced that it would support TC Energy’s Keystone XL oil pipeline, with a direct investment of more than USD 1 billion.
Report shows U.S. oil producers want to export U.S. crude oil to raise prices
A report released today by Oil Change International exposes the increasing desire of U.S. oil producers to export American crude oil despite only producing around 50% of U.S. demand. The move would enable oil producers to charge American refiners higher...
The End of the Export Ban?
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.