By Brendan Demelle, DeSmogBlog American Petroleum Institute President Jack Gerard today announced the oil and gas industry’s latest election-year scare campaign to threaten the demise of the U.S. economy unless Big Oil gets its every wish in Washington. This year...
Our latest report, Getting to Market: Emerging Investor Risks in the Tar Sands highlights the latest challenge facing the tar sands industry and warns investors to look more critically at industry's ambitious claims. Download the full report Tar sands extraction...
Tar sands extraction projects are moving forward with increasing pace. The industry ambition is to grow production from today’s level an extraordinary 140 percent by 2025.
Late last week on the eve of the Durban climate talks, the British Climate Change secretary, Chris Huhne boasted that Britain was showing “leadership” in the UN negotiations. But whilst Britain is bragging about leading the climate change fight, it...
Further to my blog earlier in the week criticising the Financial Times’ new “let’s happily drill the land of plenty” philosophy to oil shale and gas, of course there is downside to these new found reserves of oil. The big...
Written by Ross Hammond Residents of Cleveland and Buffalo (where I grew up) might be forgiven if they were not terribly excited about the prospect of having oil rigs off the shores of their fair cities. But according to Supercommittee...
The headline in yesterday’s Financial Times said it all “Surge in shale oil output fuels US jobs bonanza”. According to the FT: “The boom in shale oil and gas production has created one bright spot in the otherwise grim US...
Written by Steve Kretzmann and Lorne Stockman Last week, the Obama Administration announced that it would “examine in depth alternative routes” for the Keystone XL pipeline and that this process “could be completed as early as the first quarter of...
BP seems incapable of shrugging off the curse of the Deepwater Horizon at the moment, as the company jolts from one crisis to another. A quick flick at this morning’s headlines do not make great reading for CEO Bob Dudley,...
So its official: fracking causes earthquakes. Just minutes ago, a report published by the oil company Cuadrilla as to whether its drilling operations caused two “earthquakes” back in April and May, concluded that fracking was the "highly probable" cause of...
