petroleum – Page 9 – Desdemona Despair

Carbon dioxide emissions from natural gas, petroleum, coal, and land use changes, 1998-2017, in gigatons of CO2 per year. Graphic: GCP

December 9, 2019

Global carbon emissions growth slows, but still hits record high in 2019 – “Emissions cuts in wealthier nations must outpace increases in poorer countries where access to energy is still needed”

By Rob Jordan 3 December 2019 (Stanford News Service) – The runaway train that is climate change is about to blow past another milestone: global fossil-fuel carbon dioxide emissions will reach yet another record high. Driven by rising natural gas and oil consumption, levels of CO2 are expected to hit 37 billion metric tons this […]

Bubble chart showing opportunity vs. risk for low-carbon transition for international oil companies (IOCs) and national oil companies (NOCs) in 2017. Larger bubble size = stronger performance on climate governance and strategy. Graphic: CDP

December 8, 2019

Fossil fuel divestment will increase carbon emissions, not lower them – “The divestment movement will simply force international oil companies to cede market share to national oil companies”

By Stefan Andreasson 25 November 2019 (The Conversation) – A global campaign encouraging individuals, organisations and institutional investors to sell off investments in fossil fuel companies is gathering pace. According to 350.org, US$11 trillion has already been divested worldwide. But, while it may seem a logical strategy, divestment will not lower demand for fossil fuels, which […]

Oil production from the Eagle Ford Shale in South Texas, 2012-2019. New drilling in Eagle Ford only replaces production declines from old wells. Data: BloombergNEF. Graphic: Bloomberg

December 7, 2019

Faded Texas oil field offers austerity lesson for U.S. shale – “There’s an inflection point coming here because production growth is going to slow down massively”

By Kevin Crowley 2 December 2019 (Bloomberg) – At EOG Resources Inc.’s Francisco lease in the heart of the Eagle Ford Shale in South Texas, a half dozen cows laze in the shade of a tree next to black oil-storage tanks. A small flare burns atop a steel pylon, like a memorial to the boom […]

Cars block a street during a protest against a rise in gasoline prices, in the central city of Isfahan, Iran, Saturday, 16 November 2019. Demonstrators angered by a 50 percent increase in government-set gasoline prices blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire. Photo: AP Photo

November 17, 2019

Protests grip major Iran cities over gas prices – Internet access sees disruptions and outages – “The ongoing disruption is the most severe disconnection tracked in any country in terms of its technical complexity and breadth”

By Jon Gambrell 16 November 2019 DUBAI, United Arab Emirates (AP) – Protesters angered by Iran raising government-set gasoline prices by 50 percent blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The protests put renewed […]

Shell’s “cracker” plant under construction in Pennsylvania. Photo: Keith Srakocic / AP

November 5, 2019

Will a push for plastics turn Appalachia into next “Cancer Alley”? – “It’s so obvious that they are trying to lock us into fossil fuels”

By Emily Holden 11 October 2019 MONACA, Pennsylvania (The Guardian) – Construction cranes climb into the sky and sprawl across the massive petrochemical facility that will turn a byproduct of fracked gas into plastic on the banks of the Ohio River, just outside Pittsburgh. Even at a distance, from the car park of a cancer […]

Clip from BP’s “Energy Illustrated” web series. Graphic: Spencer Dale / BP

October 23, 2019

BP chief economist to youth conference: “The haves must remember the have nots”

By Spencer Dale 23 October 2019 LONDON (BP) – It’s a great pleasure to be here this morning. One Young World is a big deal in BP. As you just heard, Bob Dudley is a massive fan. And many friends and colleagues have been delegates in the past and raved about it. So I’ve heard […]

Greta Thunberg speaks to climate protesters in front of the Alberta Legislature Building, 18 October 2019. Photo: D. Chidley / Picture Alliance

October 22, 2019

Greta Thunberg calls for climate action in Canada’s oil heartland – “We’re doing this because our future is at stake”

19 October 2019 (DW) – Swedish climate activist Greta Thunberg joined thousands of protesters marching in Alberta, Canada’s energy heartland, on Friday as a smaller counterrally of oil and gas workers converged on the provincial capital, Edmonton. While Thunberg steered clear of making any direct criticism of Alberta’s oil sands or of commenting explicitly on […]

$Total fossil fuel financing by investment banks in 2016, 2017, and 2018. The financing has been led by the Wall Street giant JPMorgan Chase, which has provided $75 billion (£61 billion) to companies expanding in sectors such as fracking and Arctic oil and gas exploration. Graphic: RAN$

October 18, 2019

Top investment banks provide $713 billion to expand fossil fuel industry since Paris climate change agreement – “We can all sit around pointing fingers at each other, but that doesn’t help solve what is a really complex and multifaceted problem”

By Patrick Greenfield 13 October 2019 (The Guardian) – The world’s largest investment banks have provided more than $700 billion of financing for the fossil fuel companies most aggressively expanding in new coal, oil and gas projects since the Paris climate change agreement, figures show. The financing has been led by the Wall Street giant […]

The top 20 companies that have contributed to 480 billion tonnes of carbon dioxide equivalent since 1965. At the top is Saudi Aramco, followed by Chevron, Gazprom, and Exxon Mobil. Data: Richard Heede / Climate Accountability Institute. Graphic: The Guardian

October 9, 2019

Revealed: the 20 firms behind a third of all carbon emissions – “The great tragedy of the climate crisis is that seven and a half billion people must pay the price so that a couple of dozen polluting interests can continue to make record profits”

By Matthew Taylor and Jonathan Watts 9 October 2019 (The Guardian) – The Guardian today reveals the 20 fossil fuel companies whose relentless exploitation of the world’s oil, gas and coal reserves can be directly linked to more than one-third of all greenhouse gas emissions in the modern era. New data from world-renowned researchers [Climate […]

People block a road amid clashes with soldiers in Lasso, Ecuador, during protests after Ecuador’s President Lenin Moreno’s government ended four-decade-old fuel subsidies, 6 October 2019. Photo: Carlos Garcia Rawlins / REUTERS

October 6, 2019

Ecuador declares state of emergency as fuel protesters battle police

By Alexandra Valencia 6 October 2019 QUITO (Reuters) – Ecuadorean authorities began arresting shopkeepers for raising food prices as indigenous groups clashed with security forces on Sunday in a fourth day of protests against President Lenin Moreno’s austerity measures. One man died in central Azuay province when roadblocks blocked an ambulance from reaching him after […]