“We have gained money from not investing in fossil fuels”
As the fossil fuel disinvestment movement gathers a pace, the loses of US oil companies have reached record levels.
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2026
2026
BP Will Survive, But What About the Others?
It is not rocket science that fickle City investors responded to the news of BP’s final plugging of the Macondo well by sending the company's share price rising. BP's share price rose by just under 2 per cent to $38.68,...
Subsidy Spotlight: Publicly Funding a Utah Disaster in the Making
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.
Shell “Threatens” the EU with Long-Term Exit
Last Friday, oil giant Royal Dutch Shell, announced that it had doubled third quarter profits to $7.2 billion. So where is this cash coming from? Let’s not forget that Shell has spent millions over the last fifteen years trying to...
Climate crisis: Is it time to charge Big Oil with homicide?
A new academic study, accepted for publication in Harvard Environmental Law, asks the pertinent question about Big Oil and climate change: “Given the extreme lethality of the conduct and the awareness of the catastrophic risk on the part of fossil...
Don’t Believe the Oil Companies’ Phoney Forecasts
The oil companies go to great efforts to portray their forecasts as works of objective analysis of the future. They are not - they are self-serving descriptions of the futures the companies would like policymakers and investors to believe in.
Controversial Kinder Morgan Pipeline Now on “Life Support”
On Sunday, Kinder Morgan sent shock waves across Canada and the oil industry when it announced it was “suspending all non-essential activities and related spending on the Trans Mountain Expansion Project”, until at least the end of May.
Big Oil Reality Check: Aligned In Failure
The Big Oil Reality Check report finds that the climate pledges and plans of 8 international oil and gas companies fail to align with international agreements to phase out fossil fuels and to limit global temperature rise to 1.5ºC.
Just weeks after COP28, ADNOC’s oil and gas expansion plans “gain momentum”
Just weeks after the COP28 climate talks finished, it is business as usual for the host country, the United Arab Emirates, in expanding its oil and gas production.
“Humiliation”: Exxon dumped out Dow Jones Industrial Index after nearly 100 years
The once mighty Exxon has just suffered the corporate humiliation of being booted out the highly influential Dow Jones Industrial Index.