“The writing is on the wall for oil companies that do not support global efforts to avoid a climate catastrophe by urgently phasing out fossil fuels and transitioning to a low-carbon world.”
Even though the science says we cannot carry on drilling, the oil industry capital investment over the next decade is forecast to rise over 85%, reaching over $1 trillion a year.
The beginning of the end of the age of oil moved a step closer today
Tomorrow tens of thousands of people are expected to march in San Francisco to demand that California Governor, Jerry Brown, take decisive action on climate change, including signalling an end to oil and gas drilling in the State.
288 major investors worth more than $26 trillion USD in assets are warning that we aren’t on track to meet the goals of the Paris Agreement and lack the tools needed to get there. In a public statement and policy brief released yesterday, the group which includes major pension funds, banks, asset managers, churches, … Read More
Days after Justin Trudeau blew an estimated $15 billion of hard earnt Canadian tax payers money on Kinder Morgan’s Trans Mountain pipeline, scientists are warning just how financially and ecologically stupid and short-sighted the investment was.
With just over a week to go until the May 31 deadline set by Kinder Morgan for the Canadian Government to resolve all financial and political issues surrounding its highly controversial Trans Mountain pipeline, some 236 civil society groups from 44 countries have today written to Justin Trudeau to tell him to drop his support for the project.
As the clock ticks down until the May 31 deadline over the controversial Kinder Morgan Trans Mountain pipeline project, which will triple the amount of tar sands being transported from Alberta to the British Columbian coast, the campaign against its expansion is spreading abroad.
How the IEA Guides Energy Decisions Towards Fossil Fuel Dependence and Climate Change
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 … Read More