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oil

août 2024

A case in point: When Ecuador placed a windfall tax on foreign oil operations, French and U.S. companies filed claims—and were awarded more than $800 million.
Extreme heat affecting nearly 23m people across US south-west and pushing Texas’s electrical grid to the limit.
Misinformation by fossil fuel companies is slowing down the energy transition and global efforts to tackle climate change, warns the UN.
The Center for Climate Integrity (CCI) helps communities hold oil and gas corporations accountable for the massive costs of climate change.
From farmers to disaster survivors, new plaintiffs and progressing lawsuits are putting pressure on industry polluters.

juillet 2024

Numerous prominent petroleum geologists have been warning for years about the resources limitations of oil both in the U.S. and globally.  It’s now looking like the wolf is nearing the door.
New research shows the company’s scientists were as “skillful” as independent experts in predicting how the burning of fossil fuels would warm the planet and bring about climate change.

juin 2024

Since the Paris Agreement in 2016, the world’s 60 largest private banks financed fossil fuels with USD $6.9 trillion. Nearly half – $3.3 trillion – went towards fossil fuel expansion. In 2023, banks financed $705 billion in fossil fuel financing with $347 billion going to fossil fuel expansion alone.

avril 2024

Oil in the North Sea is expected to be net-energy negative by 2031. This means that in 2031, it’ll cost more energy to extract the fossil fuels than we would gain by using them, rendering extraction unfeasibly expensive. Yet, rather than use our remaining years of access to these fuels to turbo-charge new energy infrastructure, fossil fuels are being extracted and burned for business as usual: quick cash. Around the world, the lights will go off in nations that don’t have back-up renewables. That’s most of them.

mars 2024

World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds
European and US oil and gas majors have made profits of more than a quarter of a trillion dollars since Russia invaded Ukraine, according to a new analysis by Global Witness marking two years since the conflict began. After posting record gains in 2022 off the back of soaring energy prices, the big five fossil fuel companies paid shareholders an unprecedented $111 billion in 2023. In the hottest year ever recorded, this figure is some 158 times what was pledged to vulnerable nations at last year’s COP28 climate summit.
In a previous post, I defined this graph as “the most amazing graph of the 21st century.” It shows how the US oil production restarted growing in 2010, picking up speed and surpassing the historical record of the “Hubbert Peak,” which took place in 1970. It overcame the dip caused by the Covid pandemic and, two years after my first post on this subject, it keeps growing.

février 2024

Exclusive: Meeting took place days after BP reported record profits while households were squeezed by high energy bills

décembre 2023

A new paper published in the journal Science has warned that melting areas in the Arctic have become 'frontlines for resource extraction', describing it as a 'modern day gold rush'.
After yet another summer of increased extreme weather events caused by the burning of fossil fuels, some of the world’s richest oil and gas companies are investing in artificial intelligence (AI) to speed up their extraction of new oil and gas. 

novembre 2023

Saudi Arabia is driving a huge global investment plan to create demand for its oil and gas in developing countries, an undercover investigation has revealed. Critics said the plan was designed to get countries “hooked on its harmful products”. Little was known about the oil demand sustainability programme (ODSP) but the investigation obtained detailed information on plans to drive up the use of fossil fuel-powered cars, buses and planes in Africa and elsewhere, as rich countries increasingly switch to clean energy.

septembre 2023

BP, Shell, and TotalEnergies found to be leading a multi-pronged influencing campaign that could lock in fossil gas across both continents, with push back coming from more renewables-focused European energy players.
California has sued five of the largest oil and gas companies in the world, alleging that they engaged in a 'decades-long campaign of deception' about climate change and the risks posed by fossil fuels.
Whilst fossil fuel companies' history of climate denial is common knowledge, there are still a worrying number of revolving door cases between fossil fuel companies and our EU politicians, Martha Myers writes.
Study highlights conflict between Washington’s claims of climate leadership and its fossil fuel growth plans