BP has scrapped plans for a pioneering project to capture carbon in Scotland after the British Government’s energy review yesterday delayed a decision on subsidies.
Ministers said they planned to launch a competition for a funding award in November - described by the oil giant as “an extension too far” for its ambitious plans to succeed. […]

British Member of Parliament, Michael Meacher, has introduced an “early day motion” that calls on the British aid agency, the Department for International Development, to stop subsidizing oil companies through development agencies like the World Bank.
Other Members of Parliament are invited to endorse the motion, which will stay open until November. A similar motion […]

The Government Accountability Project (GAP) is accusing beleaguered World Bank President Paul Wolfowitz of trying to weaken references to climate change in the World Bank’s Clean Energy and Investment Framework.

Only 10 days after Congressman Maurice Hinchey introduced the End Oil Aid Bill in the U.S. Congress, more than 150 organizations from 50 countries have written to House Speaker, Nancy Pelosi, recognizing her clean energy efforts and calling on her to lend support to eliminate international ‘oil aid’.
The letter (Acrobat pdf) cites over $20 billion […]

Direct World Bank financing for oil companies is worth hundreds of millions of dollars a year, but the Bank’s behind the scenes work to make the world safe for Big Oil is priceless.
While Bank support for mega-projects involving companies like Exxon and BP may get most of the attention, the Bank’s biggest impact on […]