- As the fossil fuel disinvestment movement gathers a pace, the loses of US oil companies have reached record levels.
- If you read the news yesterday you would be forgiven for missing something momentous. When the definitive book about the oil age is finally written, yesterday will be marked as significant.
- At the beginning of last week, environmentalists celebrated when the largest energy infrastructure company in North America, Kinder Morgan, pulled the plug on its controversial natural gas pipeline which had been proposed through parts of Massachusetts and Southern New Hampshire, called NorthEast Energy Direct.
- History will be made today at a ceremony in New York when countries start to formally sign the Paris climate agreement, which was initially approved in December last year.
- As the saying goes: the stone age did not end due to the lack of stones and the oil age will not end due to lack of oil. It will end due to climate change and the coming clean energy revolution.
- They came. They talked. They talked some more. They failed to reach a deal. And so the turmoil within the global oil industry continues.
- This report assesses how four multilateral development banks (MDBs) — World Bank Group, Inter- American Development Bank, African Development Bank, and Asian Development Bank — are measuring up in their efforts to address the global energy access challenge.
- The World Bank Group continues to invest in exploration for new fossil fuel reserves despite clear signs that we already have far more fossil fuels than we can afford to burn, and over the last five years, the World Bank Group’s total fossil fuel finance has trended upwards, with finance into the billions of dollars nearly every year.
- I want to tell you a story about a man called Bob. Bob runs a large multinational oil company. His company has just recorded its worst ever record loss of $6.5 billion. He has sacked some 7,000 workers, ruining lives and ripping up livelihoods. His company has suffered a torrid, horrible year. His share price fell 13 per cent over the last year. His competitors all did much better.
- Have you ever stopped to think about the moments that we were on the brink of something big? Something that we look back on and find it hard to imagine how it used to be? Cell phones are a good example, or smart phones – the iPhone has only been around since 2007. The internet...
Continue reading 'A dangerous calculus'.
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