oil industry

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16 02 2020 | 05:21

Oil firms risk public backlash if profits put before climate, says IEA .

Some companies have taken steps to combat crisis but report says more could be done The world’s energy watchdog has warned the oil and gas industry that it risks a public backlash by failing to act…

16 02 2020 | 05:14

The future of energy: shedding light on different renewable energy options after the Chevron announcement.

After the big oil corporation, Chevron, announced their $11 billion write-down, experts are predicting a negative future for the oil industry.

12 02 2020 | 16:08

British Museum staff join outcry against BP sponsorship.

Members of PCS union say institution must cut ties with oil company amid climate crisis Staff working at the British Museum in London have joined calls for its management to ditch its sponsorship…

07 02 2020 | 10:19

UK taxpayers funding African fossil fuel projects worth $750m.

Watchdog reveals huge sum ploughed into ‘world’s dirtiest fossil fuels’ despite climate vow

31 01 2020 | 16:32

Financing the East African Crude Oil Pipeline is a big mistake.

At a time when the international scientific community is telling us the world cannot absorb new fossil fuel developments if we are to tackle the climate crisis, Uganda and Tanzania are planning to…

27 01 2020 | 07:25

Eskom paying 10-times more for diesel than what renewable energy costs.

Eskom is currently paying multiple times more for diesel-generated electricity than the price of renewable energy – and it is completely unnecessary. This is the view of Dennis Dykes, chief…

24 01 2020 | 12:59

Imperial Oil ignored its own findings on climate change decades ago.

It's disturbing and infuriating. Major fossil fuel companies are alleged to have known about the science of climate change for decades. One of them–Imperial Oil, the Canadian subsidiary of ExxonMobil…

17 01 2020 | 08:10

Mayors Group Votes to Support Cities’ Right to Sue Oil Industry for Climate Damages.

The country’s largest organization of mayors passed a resolution on Monday opposing any federal or state legislation that would grant fossil fuel companies immunity from climate liability lawsuits.…

13 01 2020 | 07:53

What’s Behind Big Oil’s Promises of Emissions Cuts? Lots of Wiggle Room.

Here’s what the major fossil fuel companies are committing to do on climate change, and how that falls far short of what’s needed. The oil and gas industry seems to have entered a state of cognitive…

08 01 2020 | 14:28

Fossil fuel political giving outdistances renewables 13 to one.

During the latest midterm election cycle, the fossil fuel industry paid at least $359 million for federal campaign donations and lobbying. Corporations, special interest groups, and individuals…

01 12 2019 | 10:09

No apologies: Africans say their need for oil cash outweighs climate concerns.

CAPE TOWN/LONDON  - A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels…

26 11 2019 | 09:35

Coal Knew, Too

A newly unearthed journal from 1966 shows the coal industry, like the oil industry, was long aware of the threat of climate change. “Exxon knew.” Thanks to the work of activists and journalists,…

25 11 2019 | 13:57

Greenpeace activists abseil down Hellenic Petroleum storage tank to protest 'climate emergency'.

ATHENS - Greenpeace activists abseiled down the side of huge storage tank at a Hellenic Petroleum refinery near Athens on Thursday and unfurled a huge banner protesting at the company’s oil and gas…

25 11 2019 | 13:42

Government Loophole Gave Oil Companies $18 Billion Windfall.

The United States government has lost billions of dollars of oil and gas revenue to fossil-fuel companies because of a loophole in a decades-old law, a federal watchdog agency said Thursday, offering…

18 11 2019 | 16:53

Big Oil Shareholders Look To Cash In On Renewable Boom.

Big Oil’s shift to renewables will result in a veritable windfall for their shareholders, Norway’s energy consultancy Rystad has said, as quoted by Bloomberg. The reason is easier access to debt…

18 11 2019 | 06:49

IEA: Peak Oil Demand Is Less Than A Decade Away.

Global oil demand will reach its peak in the mid-2020s and plateau around 2030, the International Energy Agency said in its World Energy Outlook for 2019.

15 11 2019 | 21:06

How To Reach U.S. Net Zero Emissions By 2050: Decarbonizing Industry.

Presidential candidates, state governments, and 

09 11 2019 | 08:29

Perfect moment for oil states to commit to renewables.

Gulf states have apparently been addressing the great issue of our time – the existential threat posed by the continued use of the fossil fuels upon which their vibrant economies have been built.…

08 11 2019 | 06:03

New round in climate court case begins to appeal Norway oil drilling in Arctic.

A new round in the climate court case to stop the Norwegian Government drilling oil in the Arctic Ocean begins on Tuesday 5th November. On Tuesday, the next round will start in the climate court…

29 10 2019 | 13:30

UK to use finance meant for green energy to support fracking in Argentina.

Documents show government’s plans to use money from £1bn 2017 deal to prioritise support of major oil companies. The UK is planning to invest in Argentina’s controversial oil shale industry using a…