The EPA slams the State Department review of Keystone XL pipeline, arguing that, from a climate perspective, “oil sands crude is significantly more GHG intensive than other crudes, and therefore has potentially large impacts.”
Canadian oil industry watchers noted a Canadian oil price recovery in April and May as the heavy oil benchmark Western Canadian Select (WCS), climbed back from a 2014 trough of $28/bbl below West Texas Intermediate (WTI) in July 2014 to...
That the international oil majors face unprecedented challenges in growing their resource base is well known. Shut out of the richest pickings in OPEC countries and increasingly out performed by national oil companies, they have been forced to invest in...
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
You will not have heard of the Aleksey Kosygin, but next week this obscure sounding tanker is set to make history as it becomes the first major shipment of Canadian tar sands to arrive in Europe.
Trump’s illegal war with Iran has already taken a devastating human toll. It could also mean higher energy bills worldwide, while fossil fuel companies, traders and investors get rich.
This report from Oil Change International and Friends of the Earth U.S. shows that since the Paris Agreement was made, G20 countries have used their export credit agencies to provide nearly 12 times more finance to fossil fuels than to...
A new report analyzes how the Inflation Reduction Act fails to reduce fossil fuel production or alleviate impact on environmental justice communities, and that current policies will instead lead to a deadly increase in oil and gas production and exports.
As the deadline for implementing the Glasgow Statement looms, the Swedish export credit agencies, SEK and EKN, have released an updated policy. A previously-released policy aligned Swedfund - the Swedish development finance institution - with the Glasgow Statement. SEK and...
Export Development Canada (EDC), Canada’s government-backed export credit agency, has long been one of the worst in the world when it comes to backing the fossil fuel industry with public money. Their new climate policy opens the door for meaningful...
