Oh yeah? Don’t believe a word of it. You may have thought the long debate over whether humans are warming the Earth was finally over, especially given the recent warnings from the Intergovernmental Panel on Climate Change. But today Channel 4 will screen “The Great Global Warming Swindle”, a documentary which claims accepted theories about … Read More
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Exxon Spends on New Projects
Oil giant Exxon Mobil says it will spend some of its record profits on over 20 new global projects in the next three years. The investments are expected to add one million oil-equivalent barrels a day to the company’s volumes at peak production. CEO T-Rex Tillerson said the company’s capital spending would be about US$20 … Read More
Gore Urges EU to take Lead on Climate
Europe’s leaders meet in Brussels today to sign a binding agreement to cut greenhouse gas emissions by 20 per cent by 2020, a figure that would rise to 30 per cent if the US follows suit. They are being urged on by Al Gore, the former American vice-president said on a visit to Brussels that … Read More
The Scramble for Libyan Oil
After 20 years of isolation, Libya has become the new “destination of choice” for oil companies trying to find new reserves. “It’s a race for our black gold,” president of the National Oil Company Shukri Ghanem said. “We are organising it like the Olympic Games and may the best one win.” With each subsequent round … Read More
UK Watchdog: Blair the Climate Hypocrite
Ok, I know we have written about Blair’s hypocrisy on climate before, but it’s once again there for all to see. In the run up to the Brussels summit later this week, Blair has called on fellow European leaders “to lead the way on climate change”. “I think there is the real possibility of showing … Read More
Browne’s Retirement Riches
The annual bonus for BP’s outgoing CEO John Browne was cut in half last year as oil spills and safety lapses in the United States overshadowed record profits for the oil giant.Browne’s annual performance bonus for 2006 was cut to around $1.74 million. His basic salary rose to $2.95 million though. In total his total … Read More
Robert Engler: Early Advocate for Oil Accountability
On February 23rd, the community of energy activists lost one of our earliest and clearest voices for change in the oil industry. Robert Engler, whose many books included the seminal and prescient Brotherhood of Oil passed at his home in New York City. He was 84. What follows is from a Washington Post obituary that … Read More
Non-OPEC Production Slows
The oil industry is finding it harder to expand upstream capacity, a new report by the Centre for Global Energy Studies has warned. “Development costs are up sharply, essential equipment and skilled labor are in short supply and host governments want a bigger share of the proceeds,” it concludes.
Spanish Cars To Run on Oranges
Valencia’s orange groves could soon be powering Spanish cars as a new technology is developed to turn the fruit’s peel into biofuel. In a region with 190,000 hectares covered with oranges and lemons – many of which are left to rot on the trees – citric-powered cars could reduce pollution while using a readily available … Read More
New Balkans Pipeline to be Agreed
An intergovernmental agreement on the construction of the $1 billion Burgas-Alexandroupolis oil pipeline in the Balkans will be signed this month. The 280-kilometer pipeline will pump Russian oil to Europe, the U.S. and the Asia-Pacific region via the Bulgarian Black Sea port of Burgas and Greece’s Alexandroupolis, on the Aegean, enhancing the countries’ roles as … Read More