Environmental groups and indigenous leaders have claimed a dramatic victory after Occidental Petroleum Corp confirmed plans to withdraw from a controversial oil and gas venture in Peru. Occidental's departure, which the company said is contingent on approval by the Peruvian...
We are used to Arnie's muscle winning the day in Hollywood block-busters, but now it seems that the California's Governor has won a different victory. He has managed to split the once united front of the oil companies on climate...
BP is on course this year to announce the largest profits ever by a British company, with annual profits of over $21bn (£12bn). This is despite the company taking a billion dollar hit over the fallout from Hurricane Katrina. The...
A new report from Climate Trade Watch, which is affiliated to the Transnational Institute, accuses carbon offset companies of using the same sort of ‘future value accounting’ that caused the collapse of energy giant Enron. The report argues that when...
While all countries agreed to transition away from fossil fuels at UN climate talks in Dubai in 2023, fossil fuel interests are peddling massive LNG expansion under the guise of fulfilling energy security needs - creating a roadblock to a...
A new factsheet, UP FOR GRABS: How to raise over £6 billion to support a just transition for North Sea workers, sets out a clear and credible path for the UK government to mobilise £6.7 billion per year in public...
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.
French oil giant TotalEnergies’ LNG into Europe risks European security, affordability, and climate goals. Total has imported three times as much LNG to Europe than any other company in recent years, and most of that LNG comes from the US...
Market distorting subsidies to fossil fuels contribute to greenhouse gas (GHG) emissions and impede the transition to sustainable, low-carbon development. In 2009, G-20 countries committed to phase out “inefficient” fossil fuel subsidies in an effort to specifically address climate change and boost...
It’s absurd for the UK government to declare a climate emergency while pouring vast sums of taxpayer-backed money into fossil fuel expansion. The Environmental Audit Committee is right to call for serious reform of UK Export Finance.
