Oil Industry’s “Death Dance” Continues
It is not a Happy New Year for Big Oil, as the industry faces another daunting year of low oil prices, which could have a catastrophic impact on the US shale industry, amongst others.
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2026
2026
Activists Blockade US Tar Sands Mine
Yesterday, about 40 protestors disrupted the work on the Utah tar sands strip mine, the first to be built in the US, located in the Book Cliffs wilderness area.
Six years after vowing to change, will G20 leaders finally end fossil fuel subsidies?
G20 leaders first pledged to end fossil fuel subsidies back in 2009. Almost six years later, and despite reiterating that vow each and every year, they have precious little to show for it.
Ghost of Exxon Valdez Haunts Shell in the Arctic
There are many contradictions about Shell’s Arctic misadventure to drill for oil, but three are the most striking: Firstly the company is spending billions of dollars and risking the reputation of the company on oil that can never be burnt.
What went right? Why Shell lost its bet in the Arctic
Royal Dutch Shell announced this morning that it would be abandoning its exploration program in the U.S. offshore Arctic for the “foreseeable future” (see our response here). After more than 7 billion dollars and many seasons of almost unbelievable mishaps...
BP’s $21 Billion Deepwater Fine the “Punishment it Deserves”
Oil giant BP will pay nearly $21 billion to settle its 5 year old dispute with US Federal and State authorities over the Deepwater Horizon oil spill, which killed eleven workers, and spilt millions of gallons of oil across the...
Why the FT is Wrong Over the Arctic
If the oil giant Shell has learnt anything over the last few weeks, it is that it has few friends in its quest to drill in the Arctic.
World’s First Tidal Lagoon Project Moves Closer
The world’s first major tidal lagoon renewable energy scheme has moved a step closer after a Chinese construction company has been chosen to build the scheme in the UK.
Albertans Could be “Forced” to Pay for Tar Sands Clean Up
Often the debate about the ecological and cultural impact of the Canadian tar sands focuses on the day to day: the carbon intensity of the mining operations and routine air and water pollution impacting the First Nations and other local...
Mexico’s “Sale of the Century”
Mexico is opening up its lucrative offshore oil fields for the first time in 80 years, and in the words of the Financial Times, which devotes a whole page of the paper to the subject, “it is shaping up to...