oil industry

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13 05 2022 | 11:17

Revealed: the ‘carbon bombs’ set to trigger catastrophic climate breakdown

Exclusive: Oil and gas majors are planning scores of vast projects that threaten to shatter the 1.5C climate goal. If governments do not act, these firms will continue to cash in as the world burns…

30 11 2021 | 09:36

Why the oil industry’s pivot to carbon capture and storage – while it keeps on drilling – isn’t a climate change solution

After decades of sowing doubt about climate change and its causes, the fossil fuel industry is now shifting to a new strategy: presenting itself as the source of solutions. This repositioning…

28 11 2021 | 07:53

BlackRock has moved rapidly on climate – but Adani exposures remain a major obstacle

A glaring inconsistency in the US$10 trillion giant’s commitment to climate action One of the successes of the COP26 summit was the growth in the UN-convened Glasgow Financial Alliance for Net Zero …

19 11 2021 | 12:45

Shell acquires 51% stake in 1.35-gigawatt Irish offshore wind project

Royal Dutch Shell (RDSa.L) said on Thursday it had acquired a 51% stake in an floating wind project off the west coast of Ireland aiming to develop up to 1.35 gigawatt in electricity capacity. Shell…

18 11 2021 | 15:59

The forgotten oil ads that told us climate change was nothing.

Since the 1980s, fossil fuel firms have run ads touting climate denial messages – many of which they’d now like us to forget. Here’s our visual guide by Geoffrey Supran and Naomi Oreskes Why is…

16 11 2021 | 11:31

A wealth of sorrow: why Nigeria’s abundant oil reserves are really a curse

It is known as the resource curse: assets that should bring wealth and stability but instead lead to corruption and poverty. And for Nigeria, oil is the culprit In Nigeria, oil has been more of a…

10 11 2021 | 14:11

New Zealand students sue energy minister over oil and gas permits decision

Lawsuit is the second major legal challenge to climate policy in New Zealand this year A group of law students have filed a lawsuit at Wellington’s high court against New Zealand’s minister of…

09 11 2021 | 13:56

How EXXONMOBIL Captured COP26

The Government, which is hosting the COP26 UN climate summit in Glasgow, is being formally advised by Texas fossil fuel giant ExxonMobil – one of the world’s biggest funders of climate science denial…

04 11 2021 | 14:20

US oil giants top list of lobby offenders holding back climate action

Report into lobbying tactics names ExxonMobil and Chevron as worst, while carmaker Toyota takes third ExxonMobil and Chevron are the world’s most obstructive organisations when it comes to…

02 11 2021 | 11:31

Fossil fuel messaging has won over Republican voters, poll reveals

New polling data shows two-thirds of Republicans do not want to hold oil and gas companies accountable for the climate crisis Nearly two in three Republicans believe oil and gas companies are at…

02 11 2021 | 11:20

Climate change: Major US oil companies to be quizzed in Congress

Top executives of major Western oil companies are to testify before the US Congress amid accusations that they misled the public about climate change. Democrat lawmakers say the hearings will focus…

01 11 2021 | 12:22

Shell and BP paid zero tax on North Sea gas and oil for three years

Firms defend paying no corporation tax after government handed out billions to energy giants. Shell and BP, which together produce more than 1.7bn tonnes of greenhouse gases a year, have not paid…

25 10 2021 | 15:15

No formal Cop26 role for big oil amid doubts over firms’ net zero plans

Officials from fossil fuel firms may attend fringe events but campaigners hail lack of official role Fossil fuel firms have been given no official role in the Cop26 climate summit, it can be…

23 10 2021 | 09:24

WSJ: ExxonMobil board mulls scrapping Vietnam, Mozambique projects

Exxon Mobil Corp.’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a fast-changing energy…

18 10 2021 | 09:10

A US small-town mayor sued the oil industry. Then Exxon went after him

The mayor of Imperial Beach, California, says big oil wants him to drop the lawsuit demanding the industry pay for the climate crisis Serge Dedina is a surfer, environmentalist and mayor of Imperial…

11 10 2021 | 12:55

Watchdog: European banks beginning to drop oil and gas clients

European banks are beginning to drop clients that pose a climate risk rather than face the possibility of higher capital requirements, according to the watchdog overseeing the development.  Banks…

28 09 2021 | 13:48

Adapt to Survive: Why oil companies must plan for net zero and avoid stranded assets

Committing to net zero is not enough – the emissions reduction pathway is critical. Carbon Tracker’s fifth annual analysis of the risk of investing in oil and gas producers – warns investors that…

24 09 2021 | 14:32

How the Biden administration could create jobs for oil and gas workers

The president has pledged to put people to work plugging abandoned oil and gas wells. An oil or gas well can keep releasing pollution long after it’s retired from use. “When an oil and gas company…

17 09 2021 | 15:19

1600 Oils and Gas Wells Could Close as LA County Votes to End Drilling

Some 1,600 oil and gas drilling sites, many of them still active, may be on track to close after the Los Angeles County Board of Supervisors voted 5-0 Wednesday to end new fossil drilling.

16 09 2021 | 12:52

Lawsuit challenges Biden plan to sell oil and gas leases in Gulf of Mexico

Planet cannot handle more stress from oil and gas production’  Announcement came as Gulf states battered by Hurricane Ida Outrage and at least one lawsuit has followed the Joe Biden administration’…