A report from the financial auditing firm Deloitte says the “reality is that the shale boom peaked without making money for the industry in aggregate. In fact, the US shale industry registered net negative free cash flows of $300 billion,...
Later this week, the board of the state-owned oil company of Saudi Arabia, known as Saudi Aramco, is expected to give its final approval to proceed with its long awaited part privatization, otherwise known as an “Initial Public Offering” or...
It is increasingly being seen as America’s worst environmental disaster since BP's Deepwater Horizon blowout in 2010 and has led to thousands of people being evicted from their homes.
This past Saturday, it happened again. A train carrying highly volatile crude oil, in this case tar sands crude from Alberta, derailed in Ontario and caught fire, destroying a bridge in the blaze. This is the fourth time in as...
The Canadian Museum of Civilisation has announced it is “proud” to have struck a sponsorship deal with the tar sands lobby group, CAPP.
In July, barring any last minute legal challenges, oil giant Shell looks set to cross the rubicon and start drilling offshore in the Arctic. Many environmentalists and indigenous communities have long fought and feared this day. Many of the veterans...
Did we get any real answers from Tony Hayward yesterday when he appeared before an influential Congressional cmmittee? No Did we get the truth from Hayward, currently depicted as the most hated man in America? No All we got from...
Yesterday, the Financial Times rocked the oil world with a story about how the Chinese state-owned oil company, CNOC, was in talks with the Nigerian Government to buy large stakes in some of the country’s key oil blocks. The story...
Whilst the biggest political fight of the moment in Congress concerning the toxic bank bail-out continues to make headlines, another bitter political fight is coming to a head, but this one is in Brussels. On the one side are progressive...
More insightful comments from readers in today's Independent: "The scientific background to the climate change debate is rather frightening, so that those with knowledge and power are stunned by the problems ahead. If they are not addressed, I foresee the...
