Oil Change International

Exposing the true costs of fossil fuels

Posts in extreme energy

  • A Not So Happy New Year for the Tar Sands in 2018

    Although Canada’s controversial tar sands industry celebrated a small increase in production last year, this year’s forecast is looking gloomy, as investors continue to take flight over the climate risks and the relatively low oil price means that other oil patches look more profitable.
  • As Trump Signs New Russian Sanctions; Old Ones Don’t Stop Oil Exploration

    As US President, Donald Trump, reluctantly signs new legislation imposing sweeping new sanctions on Russia, it has been revealed that existing sanctions on the country, designed to prevent frontier oil and gas exploration, are not working.
  • Banking on Climate Change: Fossil Fuel Finance Report Card 2017

    Big banks’ business as usual is killing the climate. From 2014 to 2016, big banks around the world poured $290 billion into extreme fossil fuel companies and failed to respect human rights.
  • Exxon “Enters No Man’s Land”

    The world’s largest listed oil company, Exxon, announced on Friday it was going to have to cut its reported proved reserves by just under a fifth. It is the biggest reserve revision in the history of the oil industry.
  • Shorting the Climate: Fossil Fuel Finance Report Card 2016

    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.
  • Trans Mountain pipeline is “final harpoon” for endangered killer whales

    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.
  • Tar Sands Companies “Selling Crown Jewels” to Survive

    Desperate times mean desperate measures. Something has to give. With no end in sight to the low oil price, Canadian tar sands companies are having to sell what are being described as their “jewels in the crown” in order just to survive.
  • Controversial Utah Tar Sands Mine “Put on Hold”

    Every day the low oil price is causing more pain for the oil and gas industry and no company or region is immune from the damage being caused.
  • Deconstructing Shell’s “Memories of the Future”

    For a while now a growing number of people have been asking a series of pertinent questions about Shell’s Arctic drilling operations, which could probably be boiled down to this: Why would the global oil giant risk billions of dollars of its own money, irreparable damage to a pristine environment, as well as exacerbate climate change by drilling in the Arctic for oil that we can never afford to burn?
  • Risky Business: tar sands investment in a carbon constrained world

    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.
  • Archive by Month

  • Archive by Category

  • Archive by Tags