Venezuela's Congress has given initial approval to a windfall oil tax that extends President Hugo Chavez's campaign to increase government revenue from the oil industry. The tax will tap into private company profits amid record oil prices above $100 per...
The fast-growing market in carbon dioxide emissions poses risks that could threaten other commodities markets, the British Financial Services Authority has warned. The watchdog said problems including investors being sold unsuitable products, confusion over the regulation of emissions traders, and...
Newsweek has picked up on the story of Obama taking oil money even though he claims he doesn’t. (As you can see from Oil Change’s cool tool - he does take oil money). According to Newsweek: “ In a new...
A controversial land swap proposal could open portions of an Alaska wildlife refuge to oil drilling, but the scheme is already dividing native Alaskans. Supporters of the plan to exchange land in the Yukon Flats National Wildlife Refuge, which lies...
When the history of BP is written, poor Robert White will probably not get a mention. Tucked away in Canada Tower in London, Robert – shall we call him Bob –is in the Group Trade Mark Department. Although it may...
The chairman of the U.S. Senate Armed Services Committee has said he may try to require Iraq to spend more of its oil revenue on reconstruction instead of investing the money in foreign banks. "What kind of an absurdity is...
When the Exxon Valdez ploughed into Bligh Reef in 1989 causing one of the greatest environmental crimes of the last century, I remember someone saying “lawyers not yet born will work on this one”. And so that prediction has nearly...
Remember when we used to talk about how the war in Iraq was about oil? Remember the banners that read "No blood for oil?" Oil has fallen out of the discussion lately, but it's time to bring it back in...
Nine ways in which the Earth could be tipped into a potentially irreversible dangerous state have been identified by scientists investigating how quickly global warming could run out of control. A major international study by dozens of leading climate scientists...
Sometimes I wonder if I live in a parallel universe. Today’s news that the Earth’s tipping points could happen much sooner than expected is a serious reminder about how close we are to a climate catastrophe. Yet we are also...
