You would have thought that Rupert Murdoch had enough on his plate right now without one of his paper’s backing the highly controversial Keystone XL tar sands pipeline in an editorial yesterday. Despite the deep controversy surrounding the specific project and the safety of pipelines in general, which have been reigntied by Exxon’s Yellowstone spill, … Read More
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From Yellowstone to Blackstone
Stick the words Exxon and oil spill into the same sentence and of course people get vivid memories of the Exxon Valdez. Exxon’s latest spill on the Yellowstone river is tiny compared to what happened in Alaska, but still some 1,000 barrels – or 42,000 gallons of oil – have reportedly been spilt from the … Read More
China To Start Fracking Too
What a difference a day makes. Last week, the FT’s “Energy Special” pull-out included an article on China’s potential for shale gas. The article quoted a recent report from the investment bank, Jefferies which said: “Unconventional gas is a dream come true for China’s energy policymakers,” but then the report added “China does not need … Read More
Sceptic Gets $1 Million from Oil and Coal
Two Greenpeace-related stories in two days for you. Yesterday the blog was about how Greenpeace was attacking VW for its poor performance on fuel efficiency and for blocking climate progress in Europe. Let’s turn back to the US for a moment and hats off to Greenpeace US’ research director Kert Davies, who has been tracking … Read More
VW’s Dark Side
Europe’s largest car maker, Volkswagen, is harbouring a “dark secret” according to Greenpeace. Despite its populist and consumer-friendly image, VW stands accused of greenwashing its dirty activities, trying to water down action on climate change and refusing to make popular models more fuel efficient. According to Greenpeace, the car maker has repeatedly claimed that it … Read More
Houston “I think we have a big problem”
As I have often written about in the past, the oil industry is all about risk and reward. At some stage it has to lure large scale investors to bet large amounts of money that it has found large reserves of oil gas than can be readily exploited. It is an industry that is often … Read More
Dave Versus the Dinosaurs
When British Prime Minister, David Cameron staked his reputation on leading “the greenest government ever” he knew that many people would hold him to account to make sure his words translated into action. People also knew that he had a problem: that vast swathes of the Conservative party are climate sceptic, no more so than … Read More
Always read the small print
Investors may have poured their cash into the rogue’s gallery that is the new venture by Tony Hayward and “Nat King Coal” Rothschild called Vallares. As I blogged yesterday, Vallares was over-subscribed raising just over $2 billion to buy assets in the oil and gas sector. Investors were said to be reassured by Hayward’s knowledge … Read More
Hayward and “Nat King Coal” Launch Oil Venture
This could be a toxic mix: take Deepwater-disaster man, Tony Hayward; the new coal baron, Nat Rothschild, and bankers Julian Mertherell and Tom Daniel, the former from discredited Goldman Sachs. Together you have someone who was ultimately responsible for America’s worst ever environmental disaster; someone who obviously does not care about climate change having invested … Read More
Shell’s Pipeline At War With the People
On and off for twenty years I have written about the oil industry. I have worked with communities from Alaska to Africa who have been threatened by Big Oil. So often the stories are the same: an industry that is indifferent to local concerns and needs. It is an industry that bullies and effectively bribes … Read More