Another $20 Billion Bill for BP
Shares in BP are falling this morning - 3 per cent in early trading so far – on the news that it could face penalties of $21 billion-plus if found fully liable for damages in a US federal lawsuit regarding...
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2026
2026
CO2 emissions to rise by 25% in 20 years, says Big Oil
We are on the path to climate chaos, Big Oil has admitted. Both BP and Exxon have conceded that progress on climate change is totally insufficient to stabilize CO2 emissions. Both oil companies have just published their Energy Outlooks, and...
A €30 Million Joke
For a long time the concept of carbon trading has had its critics. The primary one is that trading carbon does not really get rid of the problem: the emissions of carbon dioxide. It merely changes pollution into a commodity...
Push Back Against the Climate Deniers and End Fossil Fuel Subsidies
At the same time it appears that big oil and coal climate denial campaigns are successfully stifling climate action in Congress and the Obama Administration, a group of America’s top scientists stepped up to the plate on Tuesday and called...
Shell to Pay $30 Million to Settle Nigeria Bribery Case
Nigeria was once Shell’s jewel in its crown. But for so long it has been the thorn in its side. Whether its pollution, collusion, corruption, bribery or false accounting, Shell’s Nigerian subsidiary has been accused of them all. So many...
Web Tools: California Propositions 23 and 26
California's Proposition 26 would increase the legislative vote requirement from a majority to two-thirds for new and increased state and local fees and charges. Many of California's environmental protection programs are funded with such fees. Opponents of Prop 26 say...
Deepwater Increases Chance of “Oil Crunch”
Its not rocket science. But if you delay further expansion of offshore drilling because of the Deepwater disaster, then you risk compromising the supply of future oil supplies. If deepwater drilling is where over a quarter of new oil reserves...
The Boom Times Are Back
From one disaster to another.. Early on during Deepwater, I blogged on how the Canadians were looking to exploit the spill to push their dirty oil. The fact has not been lost on the industry bible, the Petroleum Economist, (PE)...
“Carpet bombed” dispersants act as a “delivery system” for oil
As BP prepared over the next few days to permanently seal its Macondo well, there is growing evidence that its use of dispersants is going to have severe political, ecological and legal ramifications. The political fall-out from their use intensified...
BP: The Biggest Polluter as spill confirmed as “world’s worst”
Whatever happens today when BP begins to finally cap its Macondo well with a “static kill”, latest estimates are that the spill is the world’s biggest accidental oil leak. An estimated 4.9 million barrels of oil gushed from the well...