For a long time now people have argued that if you internalised the external costs of our fossil fuel addiction, we would soon realise that our habit was too expensive and we would be left with no alternative but to...
Shell is facing the humiliation of having to reduce its workforce by 5000 as part of a radical cost-cutting drive due to the falling oil price. As the oil giant’s profits had plummeted an amazing 73 per cent, Peter Voser,...
We can bail out the bankers - But we can’t bail out ourselves. That is the ironic situation we find ourselves in with the clock ticking towards the crucial climate talks in Copenhagen. This morning the last diplomatic negotiations before...
Critics of the oil industry’s relentless expansion into the Canadian tar sands have been pointing out for a while something that they thought was obvious: the multi-billion investment strategy is completely flawed. They have repeatedly pointed out that exploiting the...
As the news sinks in of the Shell settlement, emails have been pouring in this morning asking what does it mean for the plaintiffs, the Ogoni and ongoing struggles on human rights and the environment? People are asking whether this...
Cometh the hour, the old phrase goes, cometh the man. Barack Obama is staking much of his high credibility by calling for the House to pass the landmark US Climate bill, that may come before the House this afternoon. Or...
A consortium led by oil giant BP and China's CNPC has today won the contract for the vast Rumaila oil field - the largest oil field in Iraq and one of the biggest in the world. The acquisition will be...
First some good news: The G8 has agreed for the first time agreed that it must limit worldwide temperature rises to no more than 2C, the minimum rise to prevent irreversible climate change. The richest industrialised countries also agreed for...
This was not meant to happen. In the post-invasion planning of Iraq it was meant to be the American and British oil companies that enjoyed the spoils of war and access to the country’s lucrative oil reserves. But the Kurds...
After its offer was accepted last month to develop Iraq’s vast Rumaila oil field, BP may have thought it had won the biggest prize in the country’s oil race. But it may not be over yet and BP now faces...
