Europe Buckles to Canadian Bullying on Climate
A proposal to label the dirty tar sands as more polluting than conventional oil has been spectacularly abandoned by the European Commission after a four year lobbying campaign by the Canadians.
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2026
2026
Will Europe Heed Warnings over Fracking?
A recent report by the World Economic Forum on the future of the gas markets has highlighted the revolution that is currently happening in this sector. The report started by saying: “What a difference a few years can make in...
What oil subsidies is Obama targeting?
Last night, The President once again proposed ending subsidies to the oil industry. As we've said before, this is a great idea, and should be supported in full. That said, although we haven't seen details, it's quite unlikely that the...
As Copenhagen begins, Obama Approves $3 Billion for Exxon
Undermining its own credibility in Copenhagen and the integrity of its pledge to phase out support for fossil fuels, an agency of the Obama Administration, the United States Export-Import Bank, has reportedly approved $3 billion in financing for an Exxon...
Iraq Launches 1st Tanker in 27 Years
Are the Iraqis gearing up for a major oil export drive? They have just launched their first new ship in 27 years and delivery of two more tankers is expected within three months. The Dijlah — the name for the...
Nigerian Oil Unions Begin Strike
The already jittery oil price has risen even further after Nigeria's powerful oil unions began a strike yesterday at the state-owned oil company, the Nigerian National Petroleum Company as well as the Petroleum Ministry. They are also threatening to target...
Public support builds for End Oil Aid Act
Today, over 30 U.S. environmental, development and faith-based organizations sent a letter to the U.S. House of Representatives (Acrobat .pdf) calling on Members to support the End Oil Aid Act. "The U.S. can play a critical role in fighting our...
“End Oil Aid” Bill introduced
Environmental organizations today applauded Rep. Maurice Hinchey (D-NY) for introducing legislation that seeks to end subsidies for the international operations of oil companies. The “End Oil Aid” bill, introduced yesterday, calls on international financial institutions including the World Bank, Export...
WWF: British Government Should Stop Financing Big Oil
WWF is calling on the UK Government to stop using its Export Credit Agency (ECA) to subsidize Big Oil and other carbon intensive sectors. ECAs are public agencies that provide government-backed loans, guarantees, credits and insurance to private corporations from...
Russia Halts Oil Flow to EU as Belarus Row Escalates
Russia has halted the delivery of oil to Europe via Belarus as the acrimonious row between the two countries escalates, raising fears of oil shortages in at least five countries. Transneft, Russia's state-controlled pipeline operator, said it had been forced...