Posts in LNG
- Canada's permit for a massive new LNG export plant in British Columbia cannot be squared with its climate goals.
- 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.
- In the diplomatic fallout from the crisis in Crimea, European leaders are said to be scrambling to reduce their dependence on Russian gas. You cannot negotiate with Putin if he holds all the aces.
- Over 40 per cent of the entire US marketed gas production could be exported, if all the LNG applications go ahead.
- More on the growing Iranian crisis. Brent crude is rising this morning due to worries over serious disruptions to the supply of crude after Iran warned its Arab neighbours of “consequences” if they raised oil output to replace Iranian loses through international sanctions. As the US has increased diplomatic pressure on countries that import Iranian...
Continue reading 'British LNG Imports at Risk in Gulf Crisis'.
- Undermining its own credibility in Copenhagen and the integrity of its pledge to phase out support for fossil fuels, an agency of the Obama Administration, the United States Export-Import Bank, has reportedly approved $3 billion in financing for an Exxon led consortium constructing a liquefied natural gas plant on Papua New Guinea. The Obama Administration...
Continue reading 'As Copenhagen begins, Obama Approves $3 Billion for Exxon'.
- The tar sands may be doomed. Two of the key arguments against exploiting it are gaining traction, and both may be enough to scupper investment. Yesterday I blogged about how the idea of a carbon-constrained world, which could fatally undermine tar sands extraction, was beginning to be debated in the mainstream press: the message being...
Continue reading 'IEA to Reduce Oil Demand Forecasts Again'.
- The outgoing CEO of oil giant Shell, Jeroen van der Veer, has warned of “oil spikes” in the years to come as investment in the oil industry fails to keep up with demand. “There are going to be six to nine billion people by 2050 and it means more energy use, especially in this part...
Continue reading 'Shell Warns of “Oil Spikes” as its Tar Sands Strategy is Criticised'.
- Of all the oil majors, Shell prides itself on undertaking cutting edge energy forecasting, that not only inform the group’s thinking but also dove-tail into policy making by decision makers across the energy spectrum. It is one of the few companies to get out its crystal-ball and try and predict what the energy future will...
Continue reading 'Shell: World’s Most Carbon Intensive Oil Company'.
- It could be the ultimate irony for millions of people who opposed the illegal war in Iraq – within months when they switch on their heating or their cooker, they could be burning Iraqi gas. Their homes could be heated by the spoils of war. Yesterday Shell signed a $4 billion gas deal – the...
Continue reading 'The spoils of war are coming home…'.
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