From the minute it was exposed that Shellâs Arctic Drilling Fleet had been issued a permit to be based in Seattle, we knew it wouldnât be that simple. And within days, concerned citizens had mobilized â and the organizing has paid off.
Stranded Assets
To the ends of the earth: Shellâs plan to risk it all
Royal Dutch Shell is pinning a lot of hope (and even more money) on the U.S. Arctic Ocean becoming its next major oil find. Despite a number of years of failed attempts, embarrassing accidents, and failed safety tests â Shell hopes to head back to the Chukchi Sea off the Alaskan coast this summer. Arctic … Read More
Not so fast, Shell
Royal Dutch Shell has insisted that it is going to press ahead this year with its plans to continue its high cost, high risk hunt for oil in the U.S. Arctic Ocean this year (aka the worldâs most obvious unburnable carbon). While its plan still rests on some outstanding permits from the federal government that … Read More
Shell’s quest for unburnable carbon
Royal Dutch Shell presented its 2014 earnings report today and commented on what is ahead for it in 2015. With results that were lower than expected and âdisappointingâ according to analysts, Shell was quick to point out the measures taken to cut costs and its serious commitment to âefficient use of capitalâ. It didnât take … Read More
KXL is âlike two bald men fighting over a combâ
As the political squabbling over Keystone XL continues to dominate the political landscape in Washington, yesterday the Senate energy committee voted 13-9 in favour of a bill that would force construction of the controversial pipeline.
Fossil Fuel Disinvestment Gathers Momentum
If you had Googled âfossil fuelsâ and âstranded assetsâ a few years ago, you would have probably got no hits. But how times change.
Bankers Warn of âUnburnableâ Carbon As UN Talks Open
The Lima UN climate talks which open today were always the diplomatic aperitif before the main three course carbon-fest in Paris next year. However they open with a renewed sense of optimism that after 20 years of delay and political deadlock â often driven by the fossil fuel industry â a deal may well be in sight for Paris.
Falling Oil Price âChanging Whole Dynamicâ for Tar Sands
When legendary guitarist Jimi Hendrix wrote the song âCastles Made of Sand,â the critics argued that the sand metaphor symbolised âthe temporary nature of existenceâ â and âhow nothing can be taken for grantedâ.
Tar Sands are a âShaky Investmentâ
Based on a report by Carbon Tracker, Bloomberg labels the tar sands a “shaky investment”