The current Congress is awash in Dirty Energy Money, and the fossil fuel industry is certainly getting its money’s worth these days. In the face of rising gas prices, the top 5 oil companies have reported nearly a trillion (yes,...
The Independent Petroleum Producers Association is currently in overdrive parading a commissioned study that makes a number of claims about its member’s value to the economy. According to the study, independent oil and gas producers drill most of the wells...
The showdown on gas prices and subsidy removal will intensify this week in Washington, when senior oil and gas executives are hauled before Congress to explain record profits at a time when consumers are hurting at the pumps. Legislation is...
Get ready for some fireworks this morning in the Senate. The latest spin coming from the oil industry is that Democrats and the more than 75% of Americans that support ending subsidies to Big Oil are somehow "un-American". After yesterday's...
With only a few days to go in the UN climate talks in Cancún, many questions remain on the outcomes, including on one of the most important issues currently on the table – climate finance. Finance in the context of...
Shares in BP are falling this morning - 3 per cent in early trading so far – on the news that it could face penalties of $21 billion-plus if found fully liable for damages in a US federal lawsuit regarding...
For 300 long years Greenland has been part of Denmark. Denmark pumps $620 million into Greenland's anaemic economy every year—more than $11,000 for each Greenlander. But this may be all about to change. In November 2008 its citizens voted overwhelmingly...
For a long time the concept of carbon trading has had its critics. The primary one is that trading carbon does not really get rid of the problem: the emissions of carbon dioxide. It merely changes pollution into a commodity...
Just before dawn yesterday, activists from Friends of the Earth in the Netherlands scaled the front of Shell's headquarters in the Hague and urged the company to "clean up" its operations in Nigeria. Some activists were dressed as oil-smeared birds....
New documents released by Wikileaks reveal that for over three years the Americans have been worried that Saudi Arabia may have overstated its reserves by 40 per cent or some 300bn barrels. The fact that Saudi Arabia may be overstating...
