Drowning in Bad Oil Debt
Imagine you went on a weekend gambling tip to Las Vegas and played roulette, and that you carried on betting on black and yet every time the ball ended up landing on red.
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2026
2026
Now California Investigates Exxon For “Lying” Over Climate
The oil barons from Exxon will wake up to a double headache this morning. The carnage on the international oil markets is playing havoc with their share price. Yesterday afternoon the company’s stock was down nearly 5 per cent as...
UK Budget: More Corporate Welfare for Oil
Oil companies demanded tax breaks in UK Budget, despite their eye-watering profit levels - OCI/Plaform analysis. UPDATED with the Budget announcement
Europe Buckles to Canadian Bullying on Climate
A proposal to label the dirty tar sands as more polluting than conventional oil has been spectacularly abandoned by the European Commission after a four year lobbying campaign by the Canadians.
The $88 Billion Fossil Fuel Bailout
A new report by the Overseas Development Institute and Oil Change International has found that governments are still spending a whopping $88 billion every year supporting fossil fuel exploration.
Shell’s Guilty Silence
Yesterday was the eighteen anniversary of the murder of Ken Saro-Wiwa. The charismatic, pipe-smoking activist was murdered by the brutal military junta for his campaign against Shell in the Niger Delta.
Natural Resources Committee votes for Big Oil
Regular readers of this blog will not be surprised to hear that the GOP-led Natural Resources committee of the House of Representatives followed the Energy and Commerce Committee's lead in voting to advance a bill designed to circumvent normal process...
VW’s Dark Side
Europe's largest car maker, Volkswagen, is harbouring a “dark secret” according to Greenpeace. Despite its populist and consumer-friendly image, VW stands accused of greenwashing its dirty activities, trying to water down action on climate change and refusing to make popular...
Jilted by another smooth-talking oilman
Ever get tired of those cheezy ads from oil companies or really fired up over 'independent' research that asserts that everything you thought was great about alternative enery sources turns out to be a myth? Well Erik Curren over at...
Could Keystone XL turn out to be the oil major’s Achilles Heel?
That the international oil majors face unprecedented challenges in growing their resource base is well known. Shut out of the richest pickings in OPEC countries and increasingly out performed by national oil companies, they have been forced to invest in...