Last year, we rated ExxonMobil as “grossly insufficient” on all ten of the criteria. There are tiny steps forward in the new announcement, but nothing that changes any of our ten metrics from “grossly insufficient” to “insufficient,” let alone to even “partial alignment.”
Proponents of the Keystone XL pipeline regularly claim that the pipeline will replace heavy oil from Venezuela and elsewhere if it is built. In fact just this week, Rep. Lee Terry (R-NE) claimed that Venezuela’s recent offer of asylum for whistleblower Edward Snowden is somehow a reason to approve the pipeline. The reality is that crude delivered … Read More
The U.S. oil boom is a clear threat to the tar sands market in the Gulf Coast. The State Department failed to acknowledge this in the SEIS.
The Keystone XL Pipeline’s social cost of carbon could be as much as $100 billion per year. Until government agencies properly account for the cost of climate change caused by major fossil fuel infrastructure, projects like Keystone XL will continue to impose disproportionate costs on society.
New data reveals that a full 60 percent of gasoline produced at Keystone XL refineries was exported.
Talk of US crude exports apparently reached new heights this week at the Platts North American Crude Oil Marketing Conference, which ends today in Houston. It has been a familiar cry at such shindigs for the past year or so, with the industry increasingly confident to come out in public with the controversial message that … Read More
ExxonMobil presented its latest Energy Outlook report recently, the 2013 Outlook for Energy: a view to 2040. The report is chock full of figures and graphs showing an inexorable rise in global energy demand and supply and the growing market for Exxon’s products.
The IEA’s annual World Energy Outlook is out today and judging by the media attention it’s getting it might as well have been named, ‘U.S. Oil Boom Outlook’.
The International Energy Agency released its annual flagship publication today, the World Energy Outlook. The IEA made an historic statement in the executive summary. It said, “No more than one-third of proven reserves of fossil fuels can be consumed prior to 2050 if the world is to achieve the 2 °C goal”, the internationally recognized … Read More
(Oil’s new supply boom is a bust for the climate: part 2) Last week we published a chart and analysis that showed how the oil industry is striving to build production capacity that would substantially overshoot the limits of our climate system. By 2020, the industry could have over 110 million barrels per day (bpd) … Read More