The Biden administration’s claims that the Mountain Valley Pipeline would help Europe or benefit national security — in Europe, in the United States, or anywhere else — are wildly unfounded.
Climate Change
Activists warn “don’t plunder Africa” after human rights activist is “locked out” of London energy conference
The glossy website for the African Oil Summit in London last week called the event “Africa’s premier global energy conference”. Partners included some of the biggest international oil companies such as BP, Shell, Eni, E.on and Total.
G7 meeting: 50 actions around the world call on world leaders to stop peddling fossil fuels and false solutions
Hundreds of civil society organisations from dozens of countries have taken to the streets around the world to demand that the G7 stop peddling fossil fuels to developing countries and stop promoting false solutions to the climate crisis.
Despite our growing climate emergency, Eni and Equinor double down on fossil fuel expansion
It’s that time of year again when the oil industry has to face its shareholders and investors in public: AGM season. Over the coming days, Big Oil executives will have to respond to questions about how they are reconciling the plans for expanding fossil fuel growth with their public commitments on climate change.
Biden approves huge “carbon bomb” LNG project in Alaska
There is a new name to add to the list of catastrophic climate failures by the Biden Administration: Alaska LNG.
Banking on Climate Chaos 2023: Fossil Fuel Finance Report
This report, Banking on Climate Chaos 2023, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $5.5 trillion in the seven years since the adoption of the Paris Agreement, with $673 billion in 2022 alone.
New Report: Canadian Bank RBC the #1 Financier of Fossil Fuels, World’s Biggest Banks Continued to Pour Billions into Fossil Fuel Expansion
In the seven years since the Paris Agreement was adopted, the world’s 60 largest private banks financed fossil fuels with USD $5.5 trillion. The report lays bare the shocking fact that even as fossil fuel companies made $4 trillion in profits in 2022, banks still provided $673 billion in financing. Remarkably, this happened while oil majors like Exxon Mobil and Shell PLC asked for $0 financing from banks in 2022.
As Biden expands Gulf of Mexico drilling, new research finds it has significantly greater climatic impact than previously thought
A new scientific paper, published yesterday in the PNAS, the Proceedings of the National Academy of Sciences, has concluded that government inventories of methane and carbon dioxide significantly underestimate the amount of gases which are released in the Gulf of Mexico from oil and gas operations.
Climate crisis: Is it time to charge Big Oil with homicide?
A new academic study, accepted for publication in Harvard Environmental Law, asks the pertinent question about Big Oil and climate change: “Given the extreme lethality of the conduct and the awareness of the catastrophic risk on the part of fossil fuel companies, should they be charged with homicide?”
As IPCC demands urgent climate action, Pacific nations step up, but Italy and UK reach new lows as rogue climate states
Yesterday, the message from the world’s leading climate scientists was their most brutal and stark yet. It was unequivocal.