Tag Archives: oil

L&G launches fund to invest in new FTSE climate index

the new index will penalise oil and mining firms, gearing investment towards companies that contribute to a low-carbon future
The new index will penalise oil and mining firms, gearing investment towards companies that contribute to a low-carbon future. Photograph: Alamy

The UK’s largest asset manager will encourage companies to tackle climate change and sell shares in those that do not

November 7, 2016 — The UK’s largest asset manager is to use its muscle as an investor to promote a green agenda by urging companies to tackle climate change and selling shares in those that do not.  Continue reading L&G launches fund to invest in new FTSE climate index

US drives rainforest destruction by importing Amazon oil, study finds

crude oil from amazonian peru
A woman shows crude oil from a well in Amazonian Peru. Photograph: Rodrigo Buendia/AFP/Getty Images

The report found that California, despite its green reputation, is refining the majority of crude oil – with one facility accounting for 24% of the US total

September 28, 2016 — US imports of crude oil from the Amazon are driving the destruction of some of the rainforest ecosystem’s most pristine areas and releasing copious amounts of greenhouse gases, according to a new report.  Continue reading US drives rainforest destruction by importing Amazon oil, study finds

Greens push to outlaw all mining in Great Australian Bight

great australian bight
The Greens’ legislation would put an abrupt end to BP’s controversial plans to drill for oil in the Great Australian Bight, as well as that of the other companies with exploration licenses in the region. Photograph: Mark Watson/AAP

Legislation would result in compensation being paid to companies who lose licences as a result of the law

September 13, 2016 — All mining activity in the Great Australian Bight would be outlawed under legislation to be introduced to Parliament by the Greens.  Continue reading Greens push to outlaw all mining in Great Australian Bight

The risk is too high. Why locals don’t want BP in the Great Australian Bight

great australian bight marine park
‘City of Victor Harbor CEO Graeme Maxwell warned that BP’s drilling plans represented a high risk to both the values and economy of the coastal community.’ Great Australian Bight Marine Park. Photograph: Sarah Hanson-Young

Locals on the coast of South Australia, where BP hopes to begin exploratory drilling, are nervous about the risks posed to the ocean and the threat to their livelihood

September 12, 2016 — You wouldn’t ride a roller coaster if you weren’t certain that all the bolts were sound. Yet, as reported in the Guardian on Monday, that’s just the risk being being taken with an oil-rig headed for the Great Australian Bight.  Continue reading The risk is too high. Why locals don’t want BP in the Great Australian Bight

Call to halt Great Australian Bight oil drilling amid faulty equipment fears

hydraulic connector
Hydraulic connector flange/fasteners showing failures and first engaged threads. Since 2003 enormous bolts that secure offshore oil equipment to the seafloor, including potentially in the Great Australian Bight, have been snapping in half. Photograph: Bureau of Safety and Environmental Enforcement/United States Department of the Interior

MPs and activists want BP’s exploration licences to be suspended over ‘very critical safety issue’ identified by US regulators

September 11, 2016 — Oil rigs poised to begin drilling in the Great Australian Bight could use faulty equipment that US regulators say is very likely to cause a “catastrophic incident” like the 2010 Deepwater Horizon spill in the Gulf of Mexico.  Continue reading Call to halt Great Australian Bight oil drilling amid faulty equipment fears

Shell begins production at world’s deepest underwater oilfield

ben van beurden
The Royal Dutch Shell CEO, Ben van Beurden, has insisted it should play a part in tackling global warming. Photograph: Benoit Tessier/Reuters

First oil pumped from Stones field in Gulf of Mexico more than 1.8 miles beneath sea surface

September 11, 2016 — Royal Dutch Shell has started production at the world’s deepest underwater oil and gas field, 1.8 miles beneath the sea surface in the Gulf of Mexico.  Continue reading Shell begins production at world’s deepest underwater oilfield

Burning all fossil fuels would scorch Earth

fossil fuels
FOSSIL FUELS. Steam and fumes emerge from the brown coal-fired power plant Niederaussem operated by RWE near Bergheim, Germany on March 2, 2012. File photo by Oliver Berg/EPA

Researchers predict that average temperatures would climb by up to 9.5°C if all known reserves of oil, gas, and coal are burned

BONN, Germany (May 24, 2016) — Using up all known fossil fuel reserves would render Earth even more unliveable than scientists had previously projected, researchers said on Monday, May 23. Continue reading Burning all fossil fuels would scorch Earth

The time has come to turn up the heat on those who are wrecking planet Earth

environmental activists
Global direct action began with hundreds of environmental activists invading the UK’s largest opencast coal mine in south Wales on Tuesday. Photograph: Kristian Buus for the Guardian

Break free and join the biggest global action against fossil fuel companies the world has ever seen

May 3, 2016 — An interesting question is, what are you waiting for?

Global warming is the biggest problem we’ve ever faced as a civilisation — certainly you want to act to slow it down, but perhaps you’ve been waiting for just the right moment. Continue reading The time has come to turn up the heat on those who are wrecking planet Earth

Phasing out coal, oil and gas extraction in US would drastically cut emissions

fossil fuel
A quarter of US fossil fuel extraction occurs on 650m acres of federal land. Photograph: Matthew Brown/AP

The reduction would slash greenhouse gas emissions by 100m tonnes a year by 2030 and even more after that, comparing well to other proposed measures

May 3, 2016 — Phasing out coal, oil and gas extraction on US federal land would cut greenhouse gas emissions by 100m tonnes a year by 2030 and even more after then, providing a useful brake to climate change, according to a new study. Continue reading Phasing out coal, oil and gas extraction in US would drastically cut emissions

Switch to low-carbon transport could ‘save UK billions’

low-carbon transport
Lower oil prices would benefit oil-importing regions such as Europe, report shows. Photograph: robertharding/REX Shutterstock

Reducing global oil demand would drive down prices and free up funds for oil importing countries to spend on other areas of the economy, report finds

April 21, 2016 — A switch to low-carbon transport such as electric cars would save countries including the UK billions of pounds a year, a report has suggested. Continue reading Switch to low-carbon transport could ‘save UK billions’