As Big Oil loses $70 billion in 2020, it faces a credit risk downgrade.
As Big Oil loses billions, the global ratings agency, S&P has announced it was placing ExxonMobil, Chevron, Shell and Total on a so-called “credit watch”.
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2026
2026
Trump Just Weaponized U.S. Energy Policy Against Alaskans
A move by Sec. Zinke on behalf of President Trump exposes some truly dangerous views in the administration and should put Trump’s entire energy policy under further scrutiny, not to mention their scruples and care for our democracy.
Climate Activists Disrupt Senate LNG Hearing
(Washington, DC) – Over a dozen climate activists were arrested at the Capitol today after disrupting the Senate Energy and Natural Resources Committee’s hearing examining the Biden administration's pause on approvals for new liquefied natural gas (LNG) export terminals. The...
UK firm Ineos invests in Texas shale — as US companies slash production
Whereas the oil majors are pulling back their shale operations, others though are looking to expand in US shale.
It’s not just oil that’s in trouble: “Gas is over-supplied, over-hyped, and out of time”
"Shell has been a leader in peddling the gas myth for a decade or more, and it’s now clearer than ever that gas is over-supplied, over-hyped, and out of time.”
IEA ‘New Policy Scenario’ Promotes ‘Business As Usual’ In A Carbon-Constrained World
When it comes to making decisions on expensive and complex energy infrastructure, investors, governments, and companies look decades into the future. Unfortunately for action on climate change, the IEA's World Energy Outlook has a strong status quo bias.
Getting to Market: Emerging Investor Risks in the Tar Sands
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.
As Shell faces climate lawsuit in Dutch Court, production data confirms the oil giant is on track to shoot past 1.5°C
As Shell faces a climate lawsuit in the Dutch Court this month, this blog takes a closer look at Shell's climate ambition alongside its fossil fuel production plans. Yet again, it becomes clear that Shell is on a collision course...
Our Statement on the Ongoing COVID-19 Pandemic
We are in the midst of a global crisis. COVID-19 has put the health, livelihoods, homes, and safety of billions at risk. At Oil Change International we are reorienting our work at this critical time to respond to the needs...
Double Indemnity
Trudeau may finally reveal today the true extent of the stranglehold that Canada’s oil and gas industry has over his government.