oil industry

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23 07 2021 | 11:56

BHP, world’s largest miner, mulls selling multibillion oil and gas assets

BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter. The world’s…

17 07 2021 | 11:56

Greenland Abandons All Future Oil Exploration, ING.dk Says

Greenland has decided to drop all future exploration for oil as the government responds to environmental concerns, according to Danish media. Naalakkersuisut, as the island’s government is called, “…

13 07 2021 | 11:52

India’s biggest oil and gas giant takes a leap into clean energy.

Reliance Industries’ entry into clean energy could be a game changer for India In late June this year, Mukesh Ambani, chairman of Reliance Industries, announced a Rs75,000 crore (US$10bn) investment…

08 07 2021 | 11:44

'Bombshell' Secret Footage of ExxonMobil Lobbyists Sparks Calls for Climate Accountability​

While ExxonMobil's decades of sowing public doubt about climate science and the impact of fossil fuels have provoked various lawsuits, secretly recorded videos released Wednesday expose how the…

05 07 2021 | 10:28

Big oil and gas kept a dirty secret for decades. Now they may pay the price

Via an unprecedented wave of lawsuits, America’s petroleum giants face a reckoning for the devastation caused by fossil fuels After a century of wielding extraordinary economic and political power,…

05 07 2021 | 10:26

Eskom Needs $10 Billion to Repurpose Most Coal Plants by 2050

Eskom Holdings SOC Ltd., South Africa’s state power utility, needs $10 billion to shut most of its coal-fired plants by 2050, a company official said. The utility is in talks with development…

28 06 2021 | 12:39

‘This isn’t ideological’: reluctant ‘green hero’ behind Exxon coup.

Tiny hedge fund Engine No 1 says a strong climate strategy simply makes good business sense. The activist hedge fund behind ExxonMobil’s boardroom coup last week has claimed another seat from the…

23 06 2021 | 11:57

‘It’s virtually impossible’: Transition to renewables at risk as oil and gas workers struggle to access green jobs

Exclusive: Survey of 600 offshore workers suggests expensive training costs could be stopping many from moving from fossil fuels into renewables The UK’s transition away from fossil fuels to…

15 06 2021 | 11:06

The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel.

National oil champions are likely to fill the gap left by private-sector players—meaning emissions won't shrink as fast as the supermajors. When Exxon Mobil Corp. decided to get out of a big oil…

14 06 2021 | 10:13

Sri Lankans face up to ‘unmeasurable cost’ of cargo ship disaster.

Fishing communities fear for future as oil, plastic and toxic chemicals devastate ecosystem. Until last week Lucien Justin, the chair of the Jude Watta fisheries committee in Wattala, near Sri Lanka…

14 06 2021 | 08:00

Shell’s historic loss in The Hague is a turning point in the fight against big oil

The oil giants that have helped drive the climate crisis are finally being forced to take responsibility for their actions.

06 06 2021 | 07:07

Big Oil’s Green-Spending Boost Isn’t Enough, IEA Says.

The oil and gas industry is set to boost investments in clean energy this year, but that still won’t be enough to put the world on a path to limit a dangerous rise in global temperatures. That’s the…

05 06 2021 | 12:06

Big Oil suffered three major blows this week: Is this the beginning of the end for fossil fuels?

Shell, Chevron and ExxonMobil were all brought to task over mounting climate concerns. This is just the beginning, writes Harry Cockburn The moment Royal Dutch Shell lost its court case in the Hague…

04 06 2021 | 13:36

What a Dutch Court Ruling Means for Shell and Big Oil.

Climate lawyers are preparing to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions faster than planned, on the grounds that the oil giant is…

02 06 2021 | 10:09

Oil companies resisting boom-and-bust cycle as transition accelerates.

“This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this…

01 06 2021 | 17:07

‘Black Wednesday’ for big oil as courtrooms and boardrooms turn on industry.

Campaigners sense turning point as shareholders, boards and The Hague act to force Chevron, ExxonMobil and Shell to cut pollution. The world’s patience with the fossil fuel industry is wearing thin…

30 05 2021 | 17:52

A Leaking Oil Refinery on St. Croix Gives Biden His First Environmental Justice Test

A controversial oil refinery on St. Croix, one of the U.S. Virgin Islands, is in the government's crosshairs after a third incident in just three months has sickened people.

30 05 2021 | 17:14

Big Oil’s Climate-Change Takedown Arrives With Stunning Rebukes

Fresh from striking a hammer blow in the boardrooms of the world’s biggest oil companies, the climate movement has a clear message: the energy transition is happening and there’s no turning back.

30 05 2021 | 16:54

Climate activists launch legal challenge against government over North Sea oil and gas support

Three campaigners are taking government to High Court over its support for continued fossil fuel production A trio of climate activists have launched a legal challenge against the government over…

30 05 2021 | 16:37

Net Zero Producers Forum: A catalyst for climate ambition or yet another delaying tactic?

Oil Change International, Center for International Environmental Law, Climate Action Network Canada, Environmental Defence Canada, the Fossil Fuel No-Proliferation Treaty Initiative, Friends of the…