Posts in Arctic oil
- When sanctions were placed on Russia, Exxon left behind the potential to produce billions of barrels of oil. Secretary of State appointee Rex Tillerson could be in a position to secure that prize for Exxon.
- In the past three years, the North American and European commercial and investment banking sector has engaged in fossil fuel financing practices that are deeply at odds with the global climate agreement reached at COP 21 last December.
- Great news for those fighting Big Oil in the Arctic, as after spending a whopping $2.5 billion for drilling rights in US Arctic waters, oil companies such as Shell and ConocoPhillips have quietly relinquished their rights to some 2.2 million acres.
- The leading Russian oil company, Rosneft, is currently under investigation by the Prosecutor’s Office on the Russian island of Sakhalin for a large oil spill which occurred last week.
- There was more good news from the Arctic yesterday, when Norwegian oil company Statoil announced it was “exiting” the region, following recent exploration results in neighbouring oil and gas leases.
- Twenty four hours after Shell’s seismic announcement that it was pulling out of the Arctic “for the foreseeable future” the announcement is still making waves.
- Irony. You have got to love irony. Just imagine, in a cartoonish kind of way, that there is a climate villain out there defying all logic and reason and hurting the planet at its most vulnerable point.
- Over the past week, virtually every article on the President’s trip to Alaska to highlight the impacts of climate change, has in the next breath mentioned the President’s approval of Shell’s arctic drilling. The allegation made vocally by the environmental community is that these two things are deeply contradictory, and blatantly hypocritical. It’s an allegation...
Continue reading 'A Convenient Lie: Why Fossil Fuel Supply Matters for the Climate'.
- President Obama’s Arctic tour continues to make global news. Yesterday Obama, who has become the first President to visit the Alaskan Arctic, warned that “Climate change is no longer some far-off problem; it is happening here, it is happening now.”
- The EIA's Reference Case forecasts show us the energy future we need to avoid for a safe climate. Yet the Obama Administration uses these forecasts as the basis for drilling in the Arctic and elsewhere on Federal Lands and the Outer Continental Shelf.
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