The big energy companies are rigging the market to make excessive profits, if the claims of a key whistleblower are to be believed
Month: November 2012
IEA report exposes frailty and limits of North American oil boom
The IEA’s annual World Energy Outlook is out today and judging by the media attention it’s getting it might as well have been named, ‘U.S. Oil Boom Outlook’.
IEA acknowledges fossil fuel reserves climate crunch
The International Energy Agency released its annual flagship publication today, the World Energy Outlook. The IEA made an historic statement in the executive summary. It said, “No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal”, the internationally recognized … Read More
Big Oil bet big…and lost.
Remember how scared everyone was of Big Oil in this election? Who’s scared now? The top candidate backed by the fossil fuel industry – big oil, gas and coal – just lost the election. The latest data (October 15) from the Center for Responsive Politics, further refined and analyzed by Oil Change International, indicates that … Read More
The Next President Must Act on Climate
As the world watches with baited breath as to who will become the next President of the US, there are increasingly calls that whoever wins the election must radically tackle climate change. Whilst this election has been widely criticised for its climate silence, Hurricane Sandy may have just been a game changer in the political … Read More
“No Dash for Gas” Ends Protest
This morning the last two protesters from the “No Dash for Gas” group occupying the chimney of a huge gas power station in the UK intend to end their protest having shut the new power station down for a week. They and other protesters who have already come down have been protesting against the UK … Read More
Tar sands planned growth is 3X climate limit
(Oil’s new supply boom is a bust for the climate: part 2) Last week we published a chart and analysis that showed how the oil industry is striving to build production capacity that would substantially overshoot the limits of our climate system. By 2020, the industry could have over 110 million barrels per day (bpd) … Read More
12