Oil giant Shell is expected to pay out more than $700m in fines and compensation to settle the reserves fiasco that has dogged the company for the last few years. The figure was revealed by Shell after it offered to...
The US Interior Department has dropped claims that Chevron systematically underpaid the government for natural gas produced in the Gulf of Mexico, a decision that could allow energy companies to avoid paying hundreds of millions of dollars in royalties, the...
The European Commission is arguing that Europe should set a new, unilateral, target for cutting CO2 emissions, agree legally binding plans to boost renewable energy and bring cars into its carbon trading scheme. The secret blueprint, drawn up by the...
Laurie David, a producer of Al Gore’s film An Inconvenient Truth, has written a great article buried deep on the Washington Post website about the influence of Big Oil in American schools. Writes David: “At hundreds of screenings this year...
Given what we have been saying about BP on the site recently, it is amusing to read a a different angle from Thomas Borelli, the editor of FreeEnterpriser.com and a senior fellow at The National Center for Public Policy Research,...
Is Exxon changing its stance on climate change under new chairman Rex Tillerson? That is the question posed yesterday by the New York Times. “If Rex W. Tillerson has his way, Exxon Mobil will no longer be the oil company...
The Independent leads on how “this week the London Stock Exchange will play host to one of the biggest share sales on record. But the £6bn flotation of Rosneft, a state-owned Russian oil producer, will not only be huge, it...
After years of delay, the bumbling U.N. World Heritage Committee has finally recognized global warming as a threat to natural and cultural heritage sites. But, wait for it, having made the momentous decision, it has decided not to endorse CO2...
Oil giant Shell has reported record profits to over $25 billion after high oil prices boosted its results. The figure, which is 21% higher than a year earlier, included a better than expected performance in the final three months of...
It seems the Iraqi and American governments are not waiting to pass the controversial oil law to develop Iraq’s oil as things are moving a pace in the oil sector. Last week, General David Petraeus called on "large Western corporations"...
