The oil industry is in surprisingly bullish mood. As America prepares to go to the polls today in the crucial mid-term elections, Republicans have signalled that, if victorious, they will immediately push to free up exports of gas and oil and pass legislation forcing him to approve the controversial Keystone XL pipeline.
News
Oil Industry Set to Ignore “Final Warning” on Climate Change
The “clock is ticking”. “Little time left”. The “Starkest Warning Yet”. The “Final Warning”. Just four of the headlines from around the world of yesterday’s UN report on climate change.
Cancer From Fracking “Almost Certain to Happen”
It’s a not so Happy Halloween if you live near fracking wells in the United States. Yet more research has been published which shows significant evidence of the risk to health.
Insurers Warned Climate Change Affects “Viability of Your Business Model”
Slowly but surely the world’s banks are waking up to the dangers of climate change and the idea that carrying on investing in fossil fuels might be a risky and reckless idea.
Big Oil Sets Up Crude Export Lobby Group
The growing political fight over relaxing America’s decades-old crude export ban intensified at the end of last week, when 14 oil and gas firms set up a lobbying group specifically to push to relax the ban.
EU Agrees 40% CO2 Cut by 2030
Early this morning, the 28 EU leaders agreed in principle to set a landmark deal to reduce CO2 emissions by 40 per cent from 1990 levels by 2030.
Canada’s “Intimate Spying” on First Nations
Often the way a state reacts to those protesting against it tells you a great deal about its moral fabric and values.
GAO: Lifting Crude Export Ban Would “Increase Greenhouse Gas Emissions”
For years the oil industry has been lobbying tirelessly to overturn the US crude export ban as domestic production increases on the back of the fracking revolution.
First Nations Challenge Shell’s Tar Sands Mine Expansion
In a case that will be watched keenly worldwide, a Canadian Federal Court will today start reviewing the approval last December of the expansion of Shell’s controversial Jackpine tar sands mine in Alberta.
Oil Industry “Paying Lip-Service” to Climate Risk
The oil industry and its allies are used to dismissing those who are warning about climate change as a bunch of lentil-eating, sandal-wearing commies. But over the last few months we have seen a growing number of authoritative voices calling for fossil fuel disinvestment, with a growing number of institutional investors actually saying they will disinvest from fossil fuels.