For a long time now many environmental organisations and front-line communities have warned about the dangers of drilling in the Arctic. Even before the Exxon Valdez scarred Alaska in 1989 people warned that drilling in the high north can have...
Once again it is the many versus the money. Starting at noon yesterday, a coalition of thirty or so environmental organisations, including Oil Change International (OCI) and 350.org set out to gather at least 500,000 signatures with 24 hours to...
For some Saturday’s Anniversary would have been a painful reminder of the reckless behaviour of Big Oil. It was on the 24 March 1989, that the Exxon Valdez ploughed into rocks in Prince William Sound in Alaska spilling at least 11...
First the good news. Over the weekend the French oil giant Total confirmed that the flare that had been burning on its abandoned Elgin rig in the North Sea had “extinguished itself.” The flare was causing real concern in case...
Oil companies operating in the North Sea could face an estimated $13 billion (Euros 10 billion) bill in light of the Elgin gas spill which could also seriously affect their credit ratings, according to rating agency Fitch. Total's Elgin platform...
Late last week, the Russian President Vladimir Putin outlined plans to create “globally competitive conditions” to attract foreign investment in Russia’s largely unexplored Arctic. “Offshore fields – especially in the Arctic – are without any exaggeration our strategic reserve for...
Our latest report, Getting to Market: Emerging Investor Risks in the Tar Sands highlights the latest challenge facing the tar sands industry and warns investors to look more critically at industry's ambitious claims. Download the full report Tar sands extraction...
In its "Energy Outlook" for last month, the global investment bank Goldman Sachs argued that “China remains the key growth driver” for worldwide oil demand. One of the key questions for the past decade for many in the oil-game has...
First things first – this is no Deepwater Horizon. But it is still being called a disaster and it looks like its going to get worse. The 47,000 tonne container ship Rena is currently grounded on a reef in New...
As the row over the Keystone XL pipeline continues, the US is sending mixed messages over the dirty tar sands. Speaking to the Gas and Oil Expo and Conference, David Jacobson, the U.S. Ambassador to Canada, waxed lyrical about Canada,...
