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Tag Archives: oil and gas industry
Yellen Urges Development Banks To Stop Fossil Fuel Funding
Yellen Urges Development Banks To Stop Fossil Fuel Funding U.S. Treasury Secretary Janet Yellen is prepared to gather together the heads of development banks to persuade them to stop fossil fuel project funding, according to Bloomberg. The Treasury Secretary intends to “articulate our expectations that the MDBs align their portfolios with the Paris Agreement and net-zero […]
A looming oil price super cycle will likely be the last
A looming oil price super cycle will likely be the last After a pandemic and a price war sent petroleum prices tumbling in 2020, they are again on the rise. A new oil price super cycle — an extended period during which prices exceed their long-term trend — seems to be in the making. That’s being […]
European Bank For Reconstruction And Development Ends All Upstream Oil Financing
European Bank For Reconstruction And Development Ends All Upstream Oil Financing The European Bank for Reconstruction and Development (EBRD) will no longer invest in oil and gas exploration and production, the bank’s Managing Director Harry Boyd-Carpenter told Reuters as the institution pledged to align all its activities to the Paris Agreement goals from the end of next […]
BC Spends More Subsidizing Fossil Fuels Than on Fighting Climate Change: Report
BC Spends More Subsidizing Fossil Fuels Than on Fighting Climate Change: Report Government says its upcoming royalty review will ensure ‘a fair return on our resources.’ Environmental organization DogwoodBC put up a billboard at the Vancouver intersection of Main Street and 2nd Avenue to raise awareness about BC’s fossil fuel subsidies and the upcoming provincial […]
Shale oil and gas fraud: A sign of a peak in oil supplies?
Shale oil and gas fraud: A sign of a peak in oil supplies? Those of us who watched incredulously as investors shovelled more and more money into what we were sure were money-losing shale oil and gas drillers do not find the current spate of fraud lawsuits against these drillers surprising. The gargantuan claims about shale hydrocarbon reserves—which were […]
Who pays for the care of “orphaned” oil and gas wells? You do
Who pays for the care of “orphaned” oil and gas wells? You do When oil and gas wells end their useful life, one of two things happens: 1) They are plugged and capped to prevent further flows or 2) they are simply abandoned. When they fall into the second category, they are called “orphaned” wells […]
The ‘Big Con’ Revealed: Report Details Fossil Fuel Industry’s Deceptive ‘Net Zero’ Strategy
A brown coal mining machine operating at the Welzow-Sued lignite opencast mine in Welzow, eastern Germany. A new report out Wednesday details how so-called “net zero” pledges are simply schemes propagated by the fossil fuel industry and other powerful interests “to mask inaction, foist the burden of emissions cuts and pollution avoidance on historically exploited […]
Today’s Contemplation: Collapse Cometh XIX
Today’s Contemplation: Collapse Cometh XIX Tulum, Mexico (1986) Photo by author Andrew Nikiforuk is an author and contributing editor of the online media site The Tyee. He has been writing about the oil and gas industry for close to 20 years. In his most recent article he writes about the lies being told by the Canadian government regarding its […]
German Ambassador Seconds Putin’s Fiery NS2 Remarks: “European Energy Policy Not Determined By Foreigners”
German Ambassador Seconds Putin’s Fiery NS2 Remarks: “European Energy Policy Not Determined By Foreigners” The day after Putin announced the completion of the first leg of the Russia-to-Germany natural gas pipeline Nord Stream 2, declaring that essentially Washington’s best efforts to halt it via an avalanche of sanctions have been defeated, Germany appears to have seconded his assessment. […]
ESG = Energy Stops Growing
ESG = Energy Stops Growing For most of my career, oil demand has grown each year and supply has roughly kept up. Sure, it’s overshot in both directions. We’ve seen shortages and we’ve seen gluts. We’ve even seen oil go negative. Throughout this time, we’ve always intuitively known that the cure for high prices is […]
Change BC Fracking or Expect Damaging Earthquakes: Report
Change BC Fracking or Expect Damaging Earthquakes: Report The new warning comes from a former senior scientist with the province’s oil and gas commission. ‘Induced earthquakes don’t have an upper limit,’ posing risk to communities nearby, concludes a hydrologist. This fracking site is outside of Fort St. John, BC. Photo by Jeremy Sean Williams, Wilderness Committee. Since […]
Jason Kenney’s Favourite Researcher Just Gave Him a Headache
Jason Kenney’s Favourite Researcher Just Gave Him a Headache What does the UCP do now that Vivian Krause says she never said Canadian enviro groups were being used by US oil interests? Premier Jason Kenney based his ‘Public inquiry into anti-Alberta energy campaigns’ on the theory the province was being targeted to benefit US interests. Photo […]
No new oil, gas or coal development if world is to reach net zero by 2050, says world energy body
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 The UK is licensing new oil and gas fields in the North Sea. Photograph: Jonathan Nackstrand/AFP/Getty Images Exploitation and development of […]
The IEA’s Latest Proposal Is Both Reckless And Impossible
The IEA’s Latest Proposal Is Both Reckless And Impossible The International Energy Agency, which has stepped up its efforts to become a major green energy supporter, appears to have forgotten the reason it was set up as an agency in the first place. In its new report “Net Zero in 2050”, the energy agency calls […]
