Tag: Oil

Johan Rockström: ‘We need bankers as well as activists… we have 10 years to cut emissions by half’

The eminent Earth scientist argues that we cannot just wait for the world order to change when it comes to tackling the climate crisis – we all have a duty to act now Johan Rockström is one of the world’s most influential Earth scientists. As director of the Potsdam Institute for Climate Impact Research, he […]

Study suggests North sea green energy will overtake oil and gas by 2030

More than half of offshore energy jobs could be in low carbon sectors, including wind and renewables The UK’s half-century legacy as a leading offshore oil and gas hub will be eclipsed by the North Sea’s fast-growing green energy industry within the next decade, according to new research. An academic study by the Robert Gordon […]

7 million Californians live near oil and gas wells. This bill could change that.

Despite its green reputation, California has a big fossil fuel problem on its hands: neighborhood oil and gas drilling. In California, there’s nothing preventing frackers or drillers from setting up shop right next to your home, school, or hospital — and indeed, this is the reality for 7.4 million Californians currently living within 1 mile […]

The planet cannot survive our remorseless pursuit of profit | Owen Jones

Oil companies knew 50 years ago the huge damage they were doing. Their motive to ignore it is the same now as it was then Capitalism is on a collision course with human life and the future of our planet. Each year, air pollution takes more lives than smoking: the last estimate suggests 8.8m deaths […]

Liberal MPs call for government to deny permit renewal that would allow drilling off NSW coastline

The license will allow gas and oil exploration off the coastline between Sydney and Newcastle Moderate Liberal MPs are leading calls for the Morrison government not to renew a license that would permit gas exploration off the coastline between Sydney and Newcastle. Labor and the Greens, who also oppose renewing the Petroleum Exploration Permit (Pep) […]

BlackRock votes against 49 companies for lack of climate crisis progress

World’s largest asset manager reveals votes against directors on environment issues BlackRock, the world’s largest asset manager, has disclosed that in the past year it has voted 55 times against directors at 49 companies for failing to make progress on tackling the climate crisis. The firm announced its sustainability focus in January, when it said […]

Revealed: oil giants help fund powerful police groups in top US cities

Investigation portrays fossil fuel industry as common enemy in struggle for racial and environmental justice in America Big corporations accused of driving environmental and health inequalities in black and brown communities through toxic and climate-changing pollution are also funding powerful police groups in major US cities, according to a new investigation. Related: Trump is using […]

UK could face lawsuit over $1bn aid to Mozambique gas project

Government accused of hypocrisy for backing scheme while claiming to be leading on climate The UK government could face a legal battle after offering more than $1bn in financial support to help build a gas project in Mozambique despite its commitment to tackling the climate crisis. Under the deal, UK taxpayer funds will be used […]

From Covid-19 to climate: what’s next after the global oil and gas industry crash?

While oil and gas are not alone in struggling in the economic slump, the reality of the climate crisis is starting to bite, analysts say The global oil and gas industry has crashed. In mid-June, BP – formerly British Petroleum – slashed the value of its assets by US$17.5bn and revealed plans to cut its […]

Road to net zero: what the Committee on Climate Change recommends

The government adviser publishes its progress report today. Here are the areas it says require urgent attention Act fast to stop UK carbon emission rebound, climate advisers urge The government’s statutory adviser, the Committee on Climate Change (CCC), publishes its progress report on Thursday on efforts to cut emissions. This is what it says needs […]