How the IEA Guides Energy Decisions Towards Fossil Fuel Dependence and Climate Change
Stranded Assets
Shell Game: What Shell Gets Wrong in Its New Climate Report
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
A New Golden Age for Big Oil or a Golden Goodbye?
Goldman Sachs, the hugely influential investment bank has issued a report on the “Seven Sisters”, the world’s largest oil companies, arguing that having “survived a life-changing crisis” the companies are “now poised to reap the rewards”.
Statement: Shell’s New “Climate” Scenario Is Good for Shell, Bad for Humanity
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.”
Trump Notifies UN of Official Climate Pull Out; But the Market Has Moved on
Two months after Donald Trump announced that he intended to pull America out of the UN Paris climate agreement, last Friday the State Department submitted the formal notification to the UN to that effect.
In the Age of Stranded Assets, Who Pays to Clean Up the Mess?
Who will clean up the mess if oil companies go bust as the whole fossil fuel industry goes from a downcycle into a potential “death spiral”?
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.
Big Oil’s “Long Twilight”
Big Oil’s twilight could happen faster than many have predicted.
Hey Rex: “Real Men – They Discover Renewables”
The boss of oil giant Exxon, Rex Tillerson, will be an “oil man” until the day he dies. And on yesterday’s performance at the company’s AGM this old oil dinosaur is not going green anytime soon.
Exxon Faces Questions Over Climate As Gates Dumps BP
The famous quote attributed to Benjamin Franklin is that “In this world nothing can be said to be certain, except death and taxes”. Another certainty is that you know that the top executives of controversial companies absolutely hate the one day in the year that they are accountable to their shareholders: the AGM.