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Tag Archives: oil and gas industry
Beyond Keystone: Why Climate Movement Must Keep Heat On
Beyond Keystone: Why Climate Movement Must Keep Heat On It took a committed coalition and the increasingly harsh reality of climate change to push President Obama to reject the Keystone XL pipeline. But sustained public pressure will now be needed to force politicians to take the next critical actions on climate. The key passage — […]
G20 countries spend $450B a year on fossil fuel subsidies, study says
G20 countries spend $450B a year on fossil fuel subsidies, study says Countries promised in 2009 to phase out ‘inefficient’ fossil fuel subsidies — but progress has been slow The processing facility at the Suncor oilsands operations near Fort McMurray, Alta. A new report from Oil Change International finds that G20 countries are spending $452 […]
Political Climate Shifting Against The Oil And Gas Industry
Political Climate Shifting Against The Oil And Gas Industry Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that […]
What The Oil And Gas Industry Is Not Telling Investors
What The Oil And Gas Industry Is Not Telling Investors Oil prices crashed because of too much supply, but will rebound as production shrinks and demand rises. But what if long-term demand for oil ends up being sharply lower than what the oil industry believes? That is the subject of a new report from The Carbon Tracker […]
Battle to Keep Florida Frack-Free Heats Up
Battle to Keep Florida Frack-Free Heats Up The battle to keep Florida frack-free is intensifying ahead of the 2016 state legislative session. Fracking became an issue last year after Florida’s Department of Environmental Protection (DEP) revealed that the Dan A. Hughes Co. had fracked the Collier-Hogan well in Naples, despite regulators telling it not to until the agency had […]
Next Few Weeks Will Reveal Full Extent Of Oil Industry Suffering
Next Few Weeks Will Reveal Full Extent Of Oil Industry Suffering Get ready for some bad news and red ink. With the bulk of quarterly earnings reports in the energy industry yet to be announced, there are already $6.5 billion worth of asset write-downs, according to Bloomberg. And that could be just the tip of the […]
Worries Build Among Investors Over Oil and Gas Industry’s Exposure to Water and Climate Risks
Worries Build Among Investors Over Oil and Gas Industry’s Exposure to Water and Climate Risks When it comes to financial risks surrounding water, there is one industry that, according to a new report, is both among the most exposed to these risks and the least transparent to investors about them: the oil and gas industry. This […]
Leaked Map Reveals Big Gas Is Setting Its Sights on the Most Biodiverse Place on Earth
Leaked Map Reveals Big Gas Is Setting Its Sights on the Most Biodiverse Place on Earth Part of a map from Pluspetrol, an exploration and production company, showing its interest in areas of Manú National Park in Peru’s Amazon. (Pluspetrol) A leaked map shows that a private energy corporation based in Argentina is eyeing Manú […]
$6.5 Billion in Energy Writedowns and We’re Just Getting Started
$6.5 Billion in Energy Writedowns and We’re Just Getting Started The oil and gas industry’s earnings season is barely underway, and already there’s been $6.5 billion in writedowns. On Thursday, Freeport-McMoRan Inc. reported a $3.7 billion charge for the third quarter, while Southwestern Energy Co. — which has a market value of $4.5 billion — booked […]
A New Era For Canadian Oil And Gas, For Better Or Worse
A New Era For Canadian Oil And Gas, For Better Or Worse Canadian voters kicked out the conservative government in the October 19 election, a party that had been in power for a decade. Polls had predicted a slight lead for the Liberal Party, but in a surprise result, the Liberals actually won a majority of […]
Is The Oil And Gas Fire Sale About To Start?
Is The Oil And Gas Fire Sale About To Start? Much has been written about the mounting pile of debt for U.S. oil companies (not to mention the well-known Brazilian oil giant). Not that long ago, many oil and gas companies secured at least a part of their revenue by hedging contracts. Bloomberg already reported in June that many of […]
VIDEO: John Oliver Urges Us to Wake Up to How Big Oil Is Killing People and Destroying North Dakota
VIDEO: John Oliver Urges Us to Wake Up to How Big Oil Is Killing People and Destroying North Dakota In another informative and funny segment of HBO’s “Last Week Tonight,” John Oliver explores what has happened to North Dakota since the starts of its oil boom.
Report: How Coal and Gas Industry Get Their Way In Fossil Fuel Rich Queensland
Report: How Coal and Gas Industry Get Their Way In Fossil Fuel Rich Queensland Where and how should the public expect negotiations between fossil fuel industries and governments be carried out? What kind of relationships should exist between fossil fuel corporations and the politicians and public servants who are part of the decision-making process that those […]
A New Kind of Frackademia? New Environmental Inspectors Offered Free Industry-Funded Classes on Fracking
A New Kind of Frackademia? New Environmental Inspectors Offered Free Industry-Funded Classes on Fracking At an industry conference in Philadelphia last month, oil and gas executives gathered to hear about a little-known public relations effort with a very precise target: newly hired state and federal environmental inspectors. At a seminar titled “Staying Ahead of Federal and […]
Canada’s Biggest Political Scandal You Never Heard Of
Canada’s Biggest Political Scandal You Never Heard Of Big oil, taxpayers’ millions, call girls and a ‘mechanic’ named Bruce Carson. It’s probably the biggest political scandal you’ve never heard of. The tale involves Big Oil, millions of taxpayer dollars, call girls and someone the RCMP describes as “one of the prime minister’s longest serving advisors”: […]
