In the middle of potentially America’s worst environmental disaster, BP is attempting to squarely shift the blame for the Deepwater Horizon disaster from itself to Transocean. As BP’s CEO Tony Hayward prepares to meet key Congressmen in Washington today, you...
It is the latest twist in the on-going soap opera of Ecuadorian oil. You have the Indigenous Indians fighting in the courts in a multi-billion battle against Texaco’s lethal toxic legacy – a battle that has been going on for...
In the course of the past month, BP tripled the number of tar sands projects it’s developing, from one to three. While it rocked the tar sands industry back in December 2007, with its announcement of a joint venture with...
Earlier in the week I blogged about how British banks were under fire for their investment in the tar sands. But they are not the only ones. There are also home-grown banks investing in the destruction of their own country....
The headlines from BP’s Strategy presentation yesterday are all about how chief executive Tony Hayward promised to boost annual profits by $3bn over the next two or three years. In a frank admission, Hayward said that BP’s financial importance over...
Having written about Shell in Nigeria for over fifteen years, we have known that there was huge internal disquiet about the company’s operations in the country. In the aftermath of the murder of Nigerian writer Ken Saro-Wiwa in 1995, Shell...
BP may think that a demand crunch will happen before a supply crunch. But others disagree. Today, six UK leading companies have launched the second report of the UK Industry Task-Force on Peak Oil and Energy Security. The report, entitled...
Last month a group of pension funds and asset managers filed a resolution asking Royal Dutch Shell to reconsider its controversial involvement in the dirty tar sands. And now the investors are targeting BP asking it not to invest a...
Various blogs on the site over the last few months have warned about what peaking global demand will do for the oil industry. Last August in the blog “What About the Demand-Side Warning?” we quoted Lorne Stockman, the author of...
When we talk about wars for oil, the first and second Gulf wars spring to mind. First it was Kuwait and then Iraq. But cast your minds back even further to the Falklands conflict in the eighties. You could ask...
