The saying in the city is that the markets do not lie. And after Friday’s late night deal to reach a settlement with plaintiffs for a reported $7.8 billion, shares this morning in BP are topping the FTSE 100. The...
Last week I blogged on the landmark legal case against Shell by Nigerians that was being heard in the Supreme Court. That’s not the only court-room Shell was in last week. In an extraordinary preemptive legal strike the oil giant...
And so the fight over the Keystone XL pipeline goes on. TransCanada plans to refile its application with the U.S. government in the next few weeks, according to Alex Pourbaix, the company's president of oil and pipelines. The new alternative...
It has been mentioned often that the mining of tar sands in Alberta, Canada can be seen from space. Recent composite images from the Air Force's Meteorological Satellite, brought to our attention by the great work at Skytruth.org, show another new form of North American...
Some good news: The Environmental Protection Agency issued important rules to address air pollution from natural gas drilling, primarily fracking. Less good news: Bending to pressure from Big Oil, the measures won’t go into effect until 2015. The regulations will...
Written by Ross Hammond With a little over a week before the Supercommittee must make its recommendations, all eyes are turning to the Republicans on the Committee to see whether one of them will break from Republican orthodoxy and support...
Written by Ross Hammond Residents of Cleveland and Buffalo (where I grew up) might be forgiven if they were not terribly excited about the prospect of having oil rigs off the shores of their fair cities. But according to Supercommittee...
Written by Ross Hammond The fossil fuel industry is nothing if not clever. Rather than try to defend on the merits of their taking billions of dollars a year in government handouts, they’ve decided to change not only the conversation,...
Love it or loath it as the voice of business, you can say one thing about the Financial Times, it normally covers the energy beat with a reasonable degree of accuracy. That’s why is was so disappointing to read the...
Further to my blog earlier in the week criticising the Financial Times’ new “let’s happily drill the land of plenty” philosophy to oil shale and gas, of course there is downside to these new found reserves of oil. The big...
