Their share price may being pummeled, but there is some small good news for the beleaguered oil companies. At a meeting in London, Iraq will provide the oil majors with details of the service contracts under which it hopes the...
Alaska could revoke leases for oil fields like Prudhoe Bay if top energy companies refuse to participate in a government natural gas pipeline plan, the Governor Sarah Palin has said. Exxon Mobil Corp, BP and ConocoPhillips together control more than...
China may have sat out the Iraq war, but that does not stop it eyeing up the spoils of war. Desperate to find it new sources of oil to fuel its growing economy, it could be the first country to...
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...
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...
“People power put a full, fast, fair, and funded fossil fuel phaseout at the top of the UN agenda. While we didn’t get there, we secured the first UN climate agreement that calls on all countries to ‘transition away from...
Oh Rex, what a tangled, convoluted web you weave. You have so many investments that you cannot possibly operate without a conflict of interest, if you become Secretary of State. You will be a walking disaster zone waiting to happen.
