Posts in Industry Updates
- The U.S. oil boom is a clear threat to the tar sands market in the Gulf Coast. The State Department failed to acknowledge this in the SEIS.
- The Keystone XL Pipeline's social cost of carbon could be as much as $100 billion per year. Until government agencies properly account for the cost of climate change caused by major fossil fuel infrastructure, projects like Keystone XL will continue to impose disproportionate costs on society.
- New data reveals that a full 60 percent of gasoline produced at Keystone XL refineries was exported.
- Talk of US crude exports apparently reached new heights this week at the Platts North American Crude Oil Marketing Conference, which ends today in Houston. It has been a familiar cry at such shindigs for the past year or so, with the industry increasingly confident to come out in public with the controversial message that...
Continue reading 'Industry experts expect Keystone XL crude to be directly exported'.
- ExxonMobil presented its latest Energy Outlook report recently, the 2013 Outlook for Energy: a view to 2040. The report is chock full of figures and graphs showing an inexorable rise in global energy demand and supply and the growing market for Exxon’s products.
- The IEA’s annual World Energy Outlook is out today and judging by the media attention it’s getting it might as well have been named, ‘U.S. Oil Boom Outlook’.
- The International Energy Agency released its annual flagship publication today, the World Energy Outlook. The IEA made an historic statement in the executive summary. It said, “No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal”, the internationally recognized...
Continue reading 'IEA acknowledges fossil fuel reserves climate crunch'.
- (Oil’s new supply boom is a bust for the climate: part 2) Last week we published a chart and analysis that showed how the oil industry is striving to build production capacity that would substantially overshoot the limits of our climate system. By 2020, the industry could have over 110 million barrels per day (bpd)...
Continue reading 'Tar sands planned growth is 3X climate limit'.
- What if you knew that smoking that one last packet of cigarettes was going to give you cancer? Imagine if our understanding of cancer was so precise as to allow doctors to predict with virtual certainty that smoking that particular pack, which you just picked up at the corner store, would definitely be the last...
Continue reading 'Oil’s new supply boom is a bust for the climate'.
- The Financial Times has just revealed that the oil trading arms of BP, Shell and Vitol have applied for licenses to export U.S. crude to Canada.