Banks Face “Dire Scenario” Over Fracking Finance
For years, the oil industry and its powerful friends in Congress talked of a shale gas utopia where fracking would lead to energy independence in for US.
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2026
2026
Banks “Circling” Tar Sands Debt
The message from the markets for the North American oil industry is summed up in four simple words by the Financial Times today: “No respite for oil.”
Public Backlash as Demand for Frac-Sand Soars
As the shale gas revolution continues a pace in North America, so does its wider environmental impact. And nowhere is that more apparent than in the burgeoning demand for frac-sand.
Activists Challenge BP’s Secret Sponsorship of the Arts
A three and a half year battle by activists to find out more details of BP’s secretive sponsorship deal with Britain’s iconic art institution, the Tate, will finally be resolved on Thursday this week.
Europe Eyes American Shale Gas
In the diplomatic fallout from the crisis in Crimea, European leaders are said to be scrambling to reduce their dependence on Russian gas. You cannot negotiate with Putin if he holds all the aces.
Worried about a 4-degree world? Then stop digging!
World Bank Group finance for projects that included fossil fuel exploration was highest in FY2013, at nearly $1 billion out of $2.7 billion total for fossil fuel projects in 2013.
Bakken Fracking Industry Celebrates its Billionth Barrel
The North American fracking industry is hailing the production of its billionth barrel of fracked oil from the vast Bakken oil fields as a cause for celebration.
California’s Governor is Doing Big Oil’s Dirty Work on Fracking
Last week the Chief Executive of Occidental Petroleum, a mega-fracker, told analysts and investors if “towns don’t want us there, we won’t be there.” What he failed to mention is that they’ve got the Governor in their pockets doing the...
Exxon and BP Strengthen Ties With Russia
Ignoring the potential threat of further sanctions, both Exxon and BP have strengthened ties with Russia’s state-controlled oil company, Rosneft, in deals that can also only be seen as bad news for the climate.
Leading Climate Sceptic Vying to be UKIP’s First MP
Roger Helmer who is standing to become the first ever MP for the United Kingdom Independence Party is a long-standing climate denier with deep ties to leading climate sceptic organisations in the US, such as ALEC, the Competitive Enterprise Institute...