Posts in Oil
- FOR IMMEDIATE RELEASE April 16, 2018 US Commercial Banks In For a Spring of Fossil Fuel Resistance US commercial banks are gearing up for their annual general meetings, starting as early as this week, but they’re not alone in making plans for AGM season. A growing number of concerned communities and organizations are planning a...
Continue reading 'US Commercial Banks In For a Spring of Fossil Fuel Resistance'.
- New Zealand joins the growing club of first movers tackling fossil fuel production! Who will be next? New Zealand joined a growing list of countries yesterday in announcing an end to fossil fuel exploration for the sake of the climate: Costa Rica, Ireland, France, and Belize are all working on plans to manage the decline of...
Continue reading 'Ready, set, go!'.
- Through its energy forecasts, the International Energy Agency (IEA) has been guiding governments towards energy decisions that are inconsistent with the goals of the Paris Climate Agreement, new research has found.
- The report finds that major private banks funneled $115 billion into extreme fossil fuels in 2017, an increase of 11% from 2016. The single biggest driver of the increase in financing came from the tar sands sector, where financing grew by 111% from 2016 to 2017.
- On Monday, Shell released a new report describing how the world might achieve the Paris goals. The report described a scenario called “Sky,” painting a picture of a possible future. It’s a future full of fossil fuels: in 2050, it has oil, gas and coal use at respectively 88%, 93%, and 62% of their current...
Continue reading 'Shell Game: What Shell Gets Wrong in Its New Climate Report'.
- Today, Shell released a new scenario which outlines a possible energy future for the world involving massive negative emissions. In response, Greg Muttitt commented, "The lesson is simple: If you want to know how to fix climate change, don't ask a company that wants to sell you more oil and gas."
- The bombshell news came as it always does, with a thundering Donald Trump text.
- This briefing outlines compelling reasons for investors to question whether TransCanada should proceed with Keystone XL given various obstacles facing its construction and commercially viable operation, and suggests questions institutional financiers may wish to ask TransCanada.
- This new investor briefing examines the current state of the Keystone XL pipeline and the legal, regulatory, and political obstacles that its owner TransCanada continues to face.
- As we approach the Global Climate Action Summit, hosted by Governor Brown later this year, now would be a fantastic moment for the Brown-Newsom administration to announce new steps to limit fossil fuel extraction in the state writ large. The case for a managed phase out of fossil fuel production in California is clear, they simply need to read their own letter released today.
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