Yesterday saw BP join Shell and Exxon in reporting record profits of $19.3bn (£11bn). What the three company results highlight is the fundamental flaw of how they are valued by city investors. As both Shell and BP posted record profits...
The George Clooney movie, Syriana opens in cinemas across Europe this week. Some oil campaigners believe that any film that tries to portray the deep-rooted web of connections between oil companies and politicians is a worthwhile exercise. Others think that...
Will the bad news ever stop for BP? US federal investigators have now charged the beleaguered oil giant with “secretly and illegally” cornering a portion of the U.S. propane market - a move that drove up heating and cooking costs...
Dramatic new evidence has been released of high-level lobbying for Iraqi oil contracts, on behalf of oil companies BHP Billiton and Shell. New documents show that Malcolm Rifkind, the former British Foreign Secretary, lobbied Dick Cheney for Shell and BHP...
G8 Leaders released today a Communique and Plan of Action on Global Energy Security that will increase public support for the oil and fossil fuel industry and fuel global warming. The Plan, which emerges from the G8 Summit in Saint...
Holidaymakers are being misled by companies who guarantee to repair the damage flights do to the atmosphere, according to a report by Clean Air-Cool Planet. The report claims it is not possible to state categorically that buying any "carbon offset"...
Ten senior US business leaders, including the heads of utility and chemical companies, have issued a direct challenge to President George Bush demanding that he announce mandatory caps on carbon emissions. "We can and must take prompt action to establish...
No surprises here really. The European Commission has missed a vital chance to impose tough curbs on CO2 emissions from cars after fierce lobbying from the car lobby, especially German manufacturers. Instead the Commission will opt today for a blueprint...
We don’t want to overdo the concept of “irony†on the blog. But here are a couple to make you think. Here’s the first one: BP’s retiring CEO, Sir John Browne’s, is set to walk of with a retirement pot...
The French oil company Total and 14 other defendants were accused yesterday of criminal responsibility for one of Europe's most calamitous oil spills, the wreck of the Erika. Total is accused of agreeing to use the ship even though it...
