Another $20 Billion Bill for BP
Shares in BP are falling this morning - 3 per cent in early trading so far – on the news that it could face penalties of $21 billion-plus if found fully liable for damages in a US federal lawsuit regarding...
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2026
2026
Free at Last?
For 300 long years Greenland has been part of Denmark. Denmark pumps $620 million into Greenland's anaemic economy every year—more than $11,000 for each Greenlander. But this may be all about to change. In November 2008 its citizens voted overwhelmingly...
A €30 Million Joke
For a long time the concept of carbon trading has had its critics. The primary one is that trading carbon does not really get rid of the problem: the emissions of carbon dioxide. It merely changes pollution into a commodity...
“Shell, Let’s Go Clean Nigeria!”
Just before dawn yesterday, activists from Friends of the Earth in the Netherlands scaled the front of Shell's headquarters in the Hague and urged the company to "clean up" its operations in Nigeria. Some activists were dressed as oil-smeared birds....
Saudi Arabia’s “Inconvenient Truth”
New documents released by Wikileaks reveal that for over three years the Americans have been worried that Saudi Arabia may have overstated its reserves by 40 per cent or some 300bn barrels. The fact that Saudi Arabia may be overstating...
Greenwashing Mordor
So Mordor is getting a makeover. Big-time. There is a concerted, multi-faceted public relations campaign going on to greenwash the tar sands. Dirty black is trying to become virgin white, or so that’s what they want. According to three Albertan...
Shell to Increase North American Output by 40 Percent
BP might be America’s bette noir right now after the Deepwater Horizon spill, but its fierce rival Shell is planning a massive expansion in the region. Shell plans to expand its operations in tar sands and in deepwater in the...
Obama’s War Machine Goes Green
On the fifth anniversary of the Iraq war, a report from Oil Change International, entitled A Climate of War, analysed both the greenhouse gas emissions of the war and the costs involved in fighting that war rather than climate change....
Offshore Safety Inspections Were Compromised
Ask anyone who works say as a teacher about being inspected by government officials and they say that it is the surprise inspections that matter. If you have weeks of notice about an inspection you by its very nature have...
Safety Versus the Bottom Line
Slowly but surely BP is trying to rebuild its battered image and rebuild the way it does business. Part of that process is rebuilding its internal processes and values and the way it rewards success. In an innovative move, the...