Anything BP can do, Shell can do too. Analysts believe that BP has dumped its so-called green credential and gone back to the basics of drilling oil. Now Shell seems to be doing the same too.
Shell has pulled out of the world’s largest offshore wind farm off Britain, whilst indicating it would prefer to […]

The Iraqi Oil Minister Hussein Al-Shahristani has said the country will likely drop oil service contracts with foreign companies if they don’t have their proposals finalized by a June deadline and will move forward with the work on its own.
“June is already a bit late… We may drop them if they aren’t signed soon ( […]

Give a politician a minute and they will wriggle out of a supposedly steadfast commitment. Britain is seeking to change the rules governing renewable energy targets to make it easier for the UK to fulfil its commitment to promote clean energy.
At present, only 3% of the UK’s power comes from renewable energy, but government ministers […]

Tony Hayward, BP’s chief executive, yesterday gave the market a strong signal that he wants to realise value from the company’s loss-making investments in renewables.
BP has invested billions of dollars in solar energy over the past decade but the business still does not deliver a profit.
The Alternative Energy unit, which comprises BP’s solar cell manufacturing, […]

Big oil’s timing is always, as ever, impeccable. Just stop and think for a moment. It’s the biggest climate meeting in a decade and you would think that big oil companies would be tripping over themselves to be seen to be green…
However, last week came the news that BP was investing in dirty oil sands […]