Big oil’s timing is always, as ever, impeccable. Just stop and think for a moment. It’s the biggest climate meeting in a decade and you would think that big oil companies would be tripping over themselves to be seen to...
It’s not just oil that going through the roof. Agricultural commodities rose to multi-year highs today as traders anticipated higher demand from the expanding global biofuels industry. In Chicago, the Financial Times reports "wheat jumped 16 cents to $9.31 a...
Although one dinosaur Commonwealth leader, John Howard of Australia has thankfully been confined to history, there are others out there still grazing happily. Canadian Prime Minister Stephen Harper has been called “a saboteur” and “environmental criminal” for refusing to sign...
The wrangling over Iraq’s oil reserves continues, with no sign of the controversial Iraqi Oil Law being passed. The Kurdish regional government's oil deals with foreign companies drew sharp criticism yesterday in the Iraqi parliament, with some lawmakers saying the...
Britain should have a Cabinet rank climate change minister and a powerful new coordinating body to manage its somewhat haphazard and conflicting climate policies, an influential parliamentary committee has concluded. The Environmental Audit Committee said the government's climate change rhetoric...
A year-long investigation by the US Department of Interior’s chief independent investigator has found that its program to collect billions of dollars from oil companies that drill on federal lands is troubled by mismanagement, ethical lapses and fears of retaliation...
BP has launched a search for a new chairman in a move that will draw a line under the turmoil that has engulfed the British oil giant for two years. BP, which has a market value of £107 billion, has...
It may be bloody on the streets of Burma, but its business as usual for the oil industry. While Burma's military junta cracks down on pro-democracy protests, oil companies are quietly jostling for access to the country's largely untapped natural...
President Rafael Correa of Ecuador has announced that Ecuador will keep 99 percent of windfall oil profits, changing a law that called for a 50-50 share with foreign oil companies of profits stemming from rising oil prices. By a new...
Just days after American company Hunt Oil agreed a deal to explore in the Kurdistan region of Iraq, the deal has run into trouble. At the weekend, the Dallas oil company, with its close White House ties, became the largest...
