Although we are only in May, it has already been a brutal fire season in the Pacific Northwest of Canada and the USA. In Canada, millions have already endured record-breaking temperatures in excess of 90F (32 degrees) this month.
Big Oil Profits
First Anniversary of Ukraine war is a grim reminder to “stop dependence on unstable and war-driven fossil fuels”
It is a gruesome milestone. A year after Russia’s brutal and bloody invasion of Ukraine, the ripples of war have spread across the globe. Tens of thousands of civilians have been killed, along with over a hundred thousand Ukrainian and Russian soldiers.
Calls grow for a U.S windfall tax after Exxon makes USD $2,245.62 every second
The amounts are obscene. They are mindboggling. This is profit-making like you have never seen it before. It is also profiteering from war or price goughing at our expense. Big Oil is making billions off the misery of millions.
As millions face energy destitution, Shell reports record profits of $11.5 billion
Oil giant Shell has just posted record profits for a second consecutive quarter, smashing its previous record from earlier this year.
Six million households in UK face fuel poverty as Shell makes nearly $20 billion in profit
On the back of spiralling gas prices, the oil giant Shell today announced it had quadrupled its profits to over £14.2bn in 2021. Ben van Beurden, Shell’s chief executive, who received a pay package of more than €6 million last year, said 2021 had been a “momentous year” for the business.
As Big Oil loses $70 billion in 2020, it faces a credit risk downgrade.
As Big Oil loses billions, the global ratings agency, S&P has announced it was placing ExxonMobil, Chevron, Shell and Total on a so-called “credit watch”.
As BP’s profits plunge, analysts say we are entering the “end-game” for oil
You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
After Firing Top Regulator, Will Newsom Seize His Chance to Lead California Off of Oil?
The new Democratic Governor of California, Gavin Newsom, is coming under pressure to make good pre-election promises to rapidly move the state away from fossil fuels.
Shell: We will go from “Big Oil into Big Energy”
Shell’s scenarios leader says: “I am tasked with making sure that Shell isn’t a dodo.” So will Shell become extinct in the upcoming energy transition or dominate the new energy landscape?
Profits for Oil, Gas & Coal Companies Operating in the U.S. and Canada
Fossil fuel companies operating in the U.S. and Canada made $271 billion dollars in profit in 2012, while continuing to receive billions in subsidies.