oil industry

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05 06 2021 | 12:06

Big Oil suffered three major blows this week: Is this the beginning of the end for fossil fuels?

Shell, Chevron and ExxonMobil were all brought to task over mounting climate concerns. This is just the beginning, writes Harry Cockburn The moment Royal Dutch Shell lost its court case in the Hague…

04 06 2021 | 13:36

What a Dutch Court Ruling Means for Shell and Big Oil.

Climate lawyers are preparing to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions faster than planned, on the grounds that the oil giant is…

02 06 2021 | 10:09

Oil companies resisting boom-and-bust cycle as transition accelerates.

“This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this…

01 06 2021 | 17:07

‘Black Wednesday’ for big oil as courtrooms and boardrooms turn on industry.

Campaigners sense turning point as shareholders, boards and The Hague act to force Chevron, ExxonMobil and Shell to cut pollution. The world’s patience with the fossil fuel industry is wearing thin…

30 05 2021 | 17:52

A Leaking Oil Refinery on St. Croix Gives Biden His First Environmental Justice Test

A controversial oil refinery on St. Croix, one of the U.S. Virgin Islands, is in the government's crosshairs after a third incident in just three months has sickened people.

30 05 2021 | 17:14

Big Oil’s Climate-Change Takedown Arrives With Stunning Rebukes

Fresh from striking a hammer blow in the boardrooms of the world’s biggest oil companies, the climate movement has a clear message: the energy transition is happening and there’s no turning back.

30 05 2021 | 16:54

Climate activists launch legal challenge against government over North Sea oil and gas support

Three campaigners are taking government to High Court over its support for continued fossil fuel production A trio of climate activists have launched a legal challenge against the government over…

30 05 2021 | 16:37

Net Zero Producers Forum: A catalyst for climate ambition or yet another delaying tactic?

Oil Change International, Center for International Environmental Law, Climate Action Network Canada, Environmental Defence Canada, the Fossil Fuel No-Proliferation Treaty Initiative, Friends of the…

30 05 2021 | 16:29

Shell forced to slash global emissions after landmark court ruling.

Activist groups hail ‘historic win’ as Dutch court orders multinational fossil fuel company to cut CO2 emissions by 45% by 2030. Climate activists who have taken fossil fuel giant Royal Dutch Shell …

26 05 2021 | 07:49

The Particular Psychology of Destroying a Planet.

What kind of thinking goes into engaging in planetary sabotage? Two weeks ago, I looked at the question of the anxiety that the climate crisis is causing our psyches. But, if you think about it,…

25 05 2021 | 13:11

No new oil, gas or coal development if world is to reach net zero by 2050, says world energy body

Governments must close gap between net zero rhetoric and reality, says International Energy Agency head. Exploitation and development of new oil and gas fields must stop this year and no new coal-…

21 05 2021 | 19:05

EPA shuts polluting Caribbean refinery reopened under Trump.

Nearby residents in the US Virgin Islands, have endured water contamination and noxious fumes that closed three schools. The Environmental Protection Agency has ordered an oil refinery in the US…

21 05 2021 | 11:11

British insurer joins investors seeking overhaul of ExxonMobil climate policy.

British insurer Legal & General Group Plc became the largest-yet Exxon Mobil Corp. investor to support an activist campaign to overhaul the oil giant’s board and make its climate goals more…

15 05 2021 | 12:33

The Role of Oil & Gas in Africa Energy Supply.

The Role of Oil & Gas in Africa Energy Supply Africa has 15 per cent of the world’s population but consumes only 3 per cent of its energy while it produces 12 per cent of the world’s energy.…

15 05 2021 | 12:10

The Greenwashing Files: Fossil Fuel Giants Accused of ‘Deceptive’ Advertising.

Fossil fuel companies could face legal challenges over their misleading advertising, after a DeSmog investigation uncovered the extent of their "greenwashing." Environmental lawyers ClientEarth have…

14 05 2021 | 14:40

Middle East oil producers move to maximize oil assets amid grim revenue future

Within the last month, Saudi Arabia’s state oil giant Aramco has announced the sale of a minority—but large—stake in its pipeline business, the possibility to sell another 1 percent of its stock, and…

06 05 2021 | 16:00

Oil prices set for massive plunge if Paris climate goals met by 2050.

The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said on Thursday.  Energy…

04 05 2021 | 10:27

Shell and BP bounce back into profit even as oil’s glory days fade.

Covid dealt fossil fuel giants a heavy blow, but demand is lifting revenues again in a last hurrah before decarbonisation.

03 05 2021 | 07:52

New Mexico fights to escape powerful grip of big oil and gas.

New Mexico seeks to become an economy less reliant on oil and gas, but the extractive industries continue to exert their might on the state and its people One of the first bills she pushed sought a…

29 04 2021 | 09:24

Oil and gas-rich Alaska seeking renewable alternatives to fossil fuels.

Concerns around energy independence and high costs have led many places in rural Alaska to look for renewable alternatives to fossil fuels. The Department of Energy recently announced the awardees of…