There has been a great victory for the global End Oil Aid Coalition.
With a resounding majority (540 MEPs in favour), the European Parliament yesterday passed a resolution on trade and climate change which calls for “the discontinuation of public support, via export credit agencies and public investment banks, for fossil fuel projects”.

The wrangling over Iraq’s oil reserves continues, with no sign of the controversial Iraqi Oil Law being passed.
The Kurdish regional government’s oil deals with foreign companies drew sharp criticism yesterday in the Iraqi parliament, with some lawmakers saying the contracts set a dangerous precedent for the future of Iraq’s vast oil industry.

One hundred and fifty global business leaders have called for a legally-binding and comprehensive international deal on climate change.
The statement - backed by Prince Charles - will be sent to environment ministers and heads of state ahead of talks in Bali on climate change next week.

Higher royalties in Alberta will not hurt the “overall viability” of Petro-Canada oil sands projects, but some planned investment in conventional oil and gas in the province will be affected, CEO Ron Brenneman said yesterday.
“At least at this point [the oil sands] still look like pretty solid projects and I think that’s because for the […]

Saudi Arabia says it has arrested 208 militants for involvement in cells planning an imminent attack on an oil installation, as well as attacks on clerics and security forces.
State television in the world’s biggest oil exporter said one of the cells was planning to smuggle in missiles. Al Qaeda sympathizers have mounted a campaign against […]