Posts in big oil
- Yesterday, Sens. Whitehouse (D-RI), Heinrich (D-ND), Capito (R-WV) and Barrasso (R-WY) introduced the Carbon Capture Utilization and Storage Act, legislation to extend and more than double tax credits to fossil fuel companies for using climate pollution to extract more oil.
- In a dramatic turn of events, it looks like all bust and no more boom for the Alberta tar sands, according to our recent analysis based on industry data. In reality, future rates of production will likely be insufficient to fill even one new pipeline.
- Standard Oil has long since been broken up yet the subsidy designed to do so has only grown over its 100-year lifespan in terms of total value to the industry.
Global Climate Movements Seek Fossil Fuel Company Transparency on Future Viability of Oil, Coal, GasFOR IMMEDIATE RELEASE October 13, 2015 Contact: Hannah McKinnon, hannah [at] priceofoil [dot] org Global Climate Movements Seek Fossil Fuel Company Transparency on Future Viability of Oil, Coal, Gas Heinrich Böll Foundation, Oil Change International, Climate Justice Programme Global reporting standards for extractive industries must include transparency from fossil fuel companies about the future viability of their...
Continue reading 'Global Climate Movements Seek Fossil Fuel Company Transparency on Future Viability of Oil, Coal, Gas'.
- Would you take it seriously if tobacco companies announced that smoking trends weren’t expected to change much over the next 30 years? And imagine then, that this is what governments used to make tobacco policy: “Forecasts show that people aren’t going to quit smoking, steady rates of smoking around the world are inevitable, so all anti-smoking policies will assume not much is going to change.”
- – By Greg Muttit and Hannah McKinnon Last week, six European oil companies declared their apparent conversion to the climate cause. To much fanfare, Shell, BP, Total, Eni, Statoil and BG committed to being part of a constructive solution on climate change, asked for a formal role in international climate negotiations, and called for governments...
Continue reading 'Kick Big Polluters out of the climate talks'.
- Despite receiving approval from the Obama Administration to drill in the Arctic, Shell's ambitions have been thrown into question by everyday people no longer standing idle while Big Oil tramples over local officials, ignores scientists, and propels our planet further towards the climate cliff.
- When oil prices crashed late last year, the high-cost and capital intensive tar sands sector took a hit. The industry had already been showing signs of weakness with underperforming stocks, project cancellations, and serious concerns about market access. But low oil prices have driven a whole new level of cost cutting and project delays.
- The fact that free trade advocates feel the need to short-circuit democracy in order to ensure their victory really says it all. We vigorously oppose granting fast track negotiating authority for these trade deals. The voice of the people is our last line of defense against Big Oil’s assault on our climate and our future. We will not be silenced.
- Forget Shell's takeover of BG - it's time for Big Oil to plan for managed decline
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