Unclear on the Concept: How Can the World Bank Group Lead on Climate Finance Without an Energy Strategy?

November 28, 2011By Elizabeth BastReports 1 Comment

The World Bank Group is experiencing clear difficulties in synching its core lending and its energy strategy with climate goals, and the institution has taken steps that can easily be viewed as creating a conflict of interest. Given these difficulties and contradictions, the institution should focus on cleaning up its own act before making further forays into climate finance initiatives.

Payback Time? The Super Committee and Fossil Fuel Subsidies

November 9, 2011By Elizabeth BastReports

The Joint Select Committee on Deficit Reduction, also called the “supercommittee,” must vote by November 23rd on a plan that would reduce the deficit by at least $1.5 trillion. Ending taxpayer subsidies to oil, gas, and coal companies has been suggested by Democratic leaders in Congress and many organizations as something for the chopping block

Keystone XL Does Not Enhance U.S. Energy Security

October 5, 2011By Elizabeth BastFactsheets

Keystone XL is a proposed 1,700 mile crude oil pipeline that is designed to bring tar sands derived crude oil from Alberta, Canada to Texas. Its proponents claim that Keystone XL and the Canadian crude oil it will deliver will enhance U.S. energy security. This fact sheet explains why this claim is false.

Reserves Replacement Ratio in a Marginal Oil World

December 4, 2010By Lorne StockmanReports

Our research found that at least four of the top six IOCs have significantly relied on tar sands reserves additions to support RRR rates in the past five years. As a percentage of total liquids additions, tar sands represents between 26% and 71% of reserves additions for these four companies.

Tar Sands in Your Tank

May 10, 2010By Lorne StockmanReports

  This report reveals that petroleum products containing tar sands crude oil have been regularly entering the EU’s petroleum supply chain for some time, primarily through imports of diesel from the US Gulf Coast. If the proposed Keystone XL pipeline is built, bringing tar sands from Alberta to Gulf Coast refineries, the amount of tar … Read More