While many impoverished American families are shivering in the winter cold for lack of money to pay the oil baron their exorbitant price for home heating oil, ex-oil man, George W. Bush sleeps in a warm White House and relishes his defeat of the Congressional attempt to get rid of $15 billion in unconscionable tax […]

The EU has caved in to another powerful industry. EU ministers have finally agreed to impose carbon emissions quotas on airlines in an attempt to fight climate change.
However, the start date for the EU emissions trading scheme will be delayed to 2012, a year later than MEPs were asking for. The scheme also faces legal […]

Happy Christmas Alaska. Exxon’s present to those desperate for compensation from the Exxon Valdez oil spill is its new defence in the U.S. Supreme Court that the $2.5 billion verdict the company was ordered to pay conflicts with more than 200 years of maritime law.
Exxon is now arguing that trial and appellate courts erred in […]

Platform, the oil industry watchdog, is today publishing a report that argues that Kazakhstan is missing out on up to $20bn of revenues over the next decade as a result of the problems at the vast Kashagan oilfield.
Kazakhstan agreed surprisingly generous terms in its 1997 contract with international oil companies for developing the field, prompting […]

Auto makers finally face higher fuel efficiency standards in the US.
Sort of.
After years of holding out against anything to do with climate change, President George Bush finally signed into law an energy bill establishing higher fuel-economy standards for new cars and other conservation measures. And then 8 hours later he completely sabotaged states like […]