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2026

2026

Explainer: IEA Scenarios and the Paris Goals

How the International Energy Agency's Sustainable Development Scenario doesn't match up to the Paris goals, and how the IEA can change it (2 years ago it nearly did!)

Banking on Climate Change 2020: Fossil Fuel Finance Report Card

A new report, Banking on Climate Change 2020, reveals that 35 private-sector banks across Canada, China, Europe, Japan, and the U.S. have financed fossil fuels with USD $2.7 trillion since the Paris Agreement was adopted (2016-2019), with financing on the...

Exxon to Eat “Bite-sized” BP?

Earlier this month, BP’s beleaguered Chief Executive Bob Dudley warned that the falling oil price had created a “raging gale” for the oil industry which could last for years.

EU Looks Set to Label Tar Sands “Dirty”

OK, this week is turning into a tar sands one. The Koch brothers may be keen on cooking the climate by investing in the tar sands, but the EU is one place they may not be able to sell their...

Why Bob Has to be Wary of the “Bunker”

When Bob Dudley takes over the reins at BP on Friday he will face a daunting task and a bulging in-tray. He will be aware that his new job is a personal poisoned chalice, having effectively destroyed the careers of...

BP looks to Iraq and long-term to the Arctic

The headlines from BP’s Strategy presentation yesterday are all about how chief executive Tony Hayward  promised to boost annual profits by $3bn over the next two or three years. In a frank admission, Hayward said that BP’s financial importance over...