Archive for the 'financial risk of climate change' Category



According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the G20 to eliminate all fossil fuel and electricity subsidies, as a “logical step in combating [...]

101 days to go until the biggest climate jamboree ever seen.
The UN Copenhagen climate conference will be a defining moment in how humanity responds to the issue.
World leaders can either finally grasp the nettle by agreeing drastic cuts in CO2 levels, and getting out their check book to pay for it.

It’s your mess – now you pay for it.
That’s the message from African leaders to Western countries as they mull over a proposal to demand tens of billions of dollars in compensation – one figure muted is $67 billion a year – from developed countries for the effects of climate change.
African Ministers have been meeting [...]

Last month, a ground-breaking study by Oil Change and other NGO’s calculated that Shell was the world’s most carbon intensive oil company, per barrel of oil equivalent to be produced.  The main reason for this is its massive expansion into Canada’s climate intensive dirty oil sands.
The report looked at the carbon intensity of the total [...]

Of all the oil majors, Shell prides itself on undertaking cutting edge energy forecasting, that not only inform the group’s thinking but also dove-tail into policy making by decision makers across the energy spectrum.
It is one of the few companies to get out its crystal-ball and try and predict what the energy future will look [...]