Oil Industry in Crisis as $1Tn Investment at Risk
And so the free-fall continues. The price of Brent crude has fallen this morning below $60 a barrel for the first time since July 2009. The price of US crude is below $55.
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2026
2026
Subsidy Spotlight: Publicly Funding a Utah Disaster in the Making
Through public land leases, infrastructure subsidies, and some very expensive tax breaks, taxpayer money is supporting what could become one of the dirtiest, most destructive chapters in American energy history.
IEA confirms tar sands pipelines are key to production growth
The International Energy Agency’s flagship annual report, the World Energy Outlook, is out today and it confirms what Keystone XL opponents have been saying all along. Building pipelines will increase tar sands production.
As Obama warns about KXL, Canadians propose new tar sands route
In his landmark speech on climate change yesterday, President Obama argued that the Keystone XL pipeline would only be built if it does not "significantly exacerbate" climate change. “Allowing the Keystone pipeline to be built requires a finding that doing...
Dolofudge: Canada’s New Tar Sands
Canada is looking to exploit a sludgy bitumen like substance, called Dolofudge, located near the tar sands. The Canadians are saying the region could contain some 500 billion barrels of Dolofudge– more than the combined recoverable reserves of Saudi Arabia...
New Amazon Oil Threat
On the same day that Peru declares a State of Emergency over oil pollution in the Amazon, the Ecuadorians offer 3 million hectares of pristine forest to the Chinese to explore for oil.
Two Spills in Two Days
In the raging Keystone XL debate in the US, there is an ongoing discussion as to whether it is better and safer to transport oil by rail or road. The State Department has argued that if the KXL pipeline does...
The Math Means No KXL
Over 3,000 people marched around the White House yesterday with a simple message for President Obama: Say no once and for all to the KXL.
Energy security hearing to be show in industry spin and willful ignorance
Today the House of Representatives’ Energy and Commerce committee is convening a hearing concerning “achieving North American energy independence within the next decade”. Here’s a little tip – save yourself the time and don’t bother watching the bulk of this...
Britain Backs Canada Over Tar Sands Fight
On a warm summer evening in July this year, in the prestigious and ornate College Garden of Britain’s historic Westminster Abbey, 250 guests listened to a five-piece band. The music was the start of an inaugural summer party organised by...