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Climate Risk Set to Impact Oil Sands Development

It must be depressing being a banker these days. As stock markets plunge, banks go to the wall and confidence crumbles you will be looking for a safe place to invest your money. Gold is looking a good bet these...

ASA tells Shell “You canโ€™t greenwash tar sands”

There was always going to be a massive problem for the oil industry over the massive gap between its green rhetoric and its recent investment in the most polluting fuel on the planet, tar sands. Moreover, how do you reconcile...

The oil industry wins again…

There has been a growing perception amongst the environmental community that, given the political and economic prominence of climate change over recent years, that the battle over the issue is slowly being won. Whilst this may be so, the oil...

Spat Between Russia and BP Escalates

Whilst the world obsesses about how the oil industry could help bring down the oil price, a growing spat is taking place that could have huge ramifications for the oil industry. It concerns the Russians and BP, with some saying...

Climate Change Turning Sea into โ€œAcid Bathโ€

Increasing carbon dioxide emissions could leave species such as coral and sea urchins struggling to survive by the end of the century because they are making the oceans more acidic. Research by British scientists has found that rising carbon emissions...

US Climate Goals “Unachievable”

Happy Environment Day, story Number 2. No surprises here really, by the US will tell a July meeting of the G8 that it cannot meet big cuts in greenhouse gases by 2020, its chief climate negotiator Harlan Watson said. "It's...

World CO2 at Record Levels

The concentration of carbon dioxide in the atmosphere has reached a record high, according to the latest figures, renewing fears that climate change could begin to slide out of control. Scientists at the Mauna Loa observatory in Hawaii say that...

Ecuador Repairs Ruptured Pipeline

Ecuador is reopening its main oil pipeline, three days after a landslide ruptured an 80-meter (262-foot) section of the duct, spilling thousands of barrels of oil into the local environment. The ecological fallout from the 4,000 barrel spill in a...

Shell Calls Force Majeure on Nigerian Operations

You can see why Alaska is so attractive for Shell. Its only got a few polar bears in its way, rather than thousands of locals who oppose its operations. The companyโ€™s Nigerian arm said that 130,000 barrels per day (bpd)...

โ€œScientific Fraudโ€ Behind Arctic Rush

As the US government invites tenders for oil and gas leases in the Chukchi Sea, just days before a ruling on whether the polar bear should be added to the list of endangered species, it is facing a new scandal....