BLOG
ALL POSTS
The oil giant Shell spends millions of dollars each year to anticipate the future to try and predict the unpredictable. In a corporate game of crystal-ball gazing, Shell likes to play the long game, looking decades into the future to predict upcoming geopolitical or technological trends.
Researched and written by Doug Koplow (Earth Track) and edited by Lorne Stockman
Key Findings:
The 45Q tax credit has been greatly expanded in scope and cost since it was first enacted in 2008.Â
There is very little transparency surrounding the amount of tax credit claimed by companies so far.Â
However, what information there is suggests around $1.3 billion was claimed through 2022.
The Inflation Reduction Act’s generous expansion of 45Q provisions could lead to as much as $100 billion in claims through 2031, according to one estimate.Â
An audit found significant amounts of fraud in claims made between 2010-2019
A new report analyzes how the Inflation Reduction Act fails to reduce fossil fuel production or alleviate impact on environmental justice communities, and that current policies will instead lead to a deadly increase in oil and gas production and exports.
Starting this Saturday, the US will host the Asia Pacific Economic Forum (APEC) Leaders’ Week in San Francisco, entitled “Creating a Resilient and Sustainable Future for All.”Â
Two years ago today, the Norwegian Supreme Court ruled that one of the biggest wind turbine developments in Europe had violated the rights of the Indigenous Sámi reindeer herders in the country.
Over the northern hemisphere summer that has been dominated by floods, fires, and unrelenting heat, with temperature records being regularly smashed, climate scientists have become increasingly alarmed.
As communities face rising debts and rising seas, pressure from people-powered movements has put global financial architecture reform on the multilateral agenda for the first time in decades. This is desperately needed, as our current international monetary, trade, tax, and debt rules are limiting how much funding is available for climate action.
The wheels of oppression have turned again. We have known for a while that Vietnam has been systematically silencing its environmental critics under false pretenses.
"Sacrificing millions of acres in the Gulf of Mexico for oil and gas extraction is a gross denial of reality by Joe Biden in the face of climate catastrophe," said Collin Rees.
Barely is the ink dry on the IEA’s report which called for no new oil and gas development, and yet today, the UK Government gave the go-ahead to the huge Rosebank oil field, which is seen as the UK’s last untapped oil field.