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

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

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

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 […]

Screenshot from drone video of a fracked gas well blowout at wells operated by GEP Haynesville, LLC, in Red River Parish, Louisiana, on 1 October 2019. According to Patrick Courreges with LDNR, the well heads have been initially capped and the flow redirected through piping to flare pits to contain the produced water and keep the heat away from the wellheads where workers are trying to kill the wells at surface. Photo: Phin Percy Jr.

Already burning for five weeks, fracked gas blowout in Louisiana could last two more months

By Julie Dermansky 4 October 2019 (DeSmog) – For the fifth week since the blowout began, a large flare is still burning at the site of GEP Haynesville, LLC’s blown out fracked gas wells in northwestern Louisiana. The blowout occurred on 30 August 2019, shortly after the company began a frack job, igniting two adjacent wells. A state official estimated […]

Historical U.S. election industry spending, Energy vs. Environment, 1990-2019, showing contributions to candidate campaigns, party committees, and outside groups (1990-2018 federal election cycles). Graphic: Center for Responsive Politics

Fossil fuel industry continues to dwarf environmental groups in election-related spending – Industry gives millions to Trump Victory and Trump Make America Great Again Committee

By Yue Stella Yu 24 September 2019 (Center for Responsive Politics) – Following a global climate strike over the weekend, climate activists in Washington, D.C., raged on and flooded the district Monday as the United Nations Climate Action Summit took place in New York. Participating groups issued several demands, including the passage of the Green New Deal, the […]

Eni Norge’s “Goliat” FPSO arrives in Hammerfest, Norway, on 17 April 2015, from South Korea after a 63-day voyage covering 15,608 nautical miles. When the “Goliat” came on stream later in 2016, it was the world’s northernmost producing offshore oil field. Photo: Fredrik Refvem / Stavanger Aftenblad

Cowboy Nation: Norway’s Wild West fantasy – “It’s your misfortune and none of my own”

By Henrik Olav Mathiesen 11 September 2019 (The Dark Mountain Project) – Equinor is the publicly owned Norwegian company firmly intent upon wreaking havoc on the world for as long as possible. Off our own shores – and far beyond. In 2017, the company won the bid for two licences to drill offshore in the […]

A herd of musk ox graze in an area of the Arctic National Wildlife Refuge in Alaska. Photo: Arctic National Wildlife Refuge / AP

Trump administration opens huge wildlife refuge in Alaska to drilling – “This destructive, unlawful plan would sell off one of America’s last great wildlands to the highest bidder”

By Steven Mufson and Juliet Eilperin 13 September 2019 (The Washington Post) – The Trump administration on Thursday said it would seek to open up the entire coastal plain of the Arctic National Wildlife Refuge to oil and gas exploration, picking the most aggressive development option for an area long closed to drilling. In filing […]

Aerial view of an oil sands field (bitumen mine) in Alberta, Canada. Photo: Jennifer Grant / Pembina Institute / Northern Lifeblood

No large oil companies are “Paris-aligned” – Newly-sanctioned oil development projects will take the world past 1.5ºC

5 September 2019 (Carbon Tracker Initiative) – This report provides an update to our 2017 and 2018 2 Degrees of Separation reports, along with an updated methodology. The most common climate-related question facing investors – “how can we tell if a company is aligned with Paris”? Carbon Tracker’s framework for addressing this challenge in the oil and gas sector […]

Percentage change in Australia carbon emissions, by sector, since year to March 1990. Graphic: Department of the Environment and Energy

Australia greenhouse emissions set new seven-year highs on natural gas boom – “Australia is on a collision course with climate catastrophe”

By Peter Hannam 30 August 2019 (The Sydney Morning Herald) – Australia’s greenhouse gas emissions have risen to the highest annual rate since the 2012-13 financial year, driven higher by surging gas production that has made the country the world’s biggest exporter of the fossil fuel. Greenhouse gas figures [pdf] for the March quarter of 2019, […]

Gas storage tanks receiving natural gas from feeder pipelines before compression for transport in high-pressure pipelines at the Haynseville shale formation, Texas. This photo was taken with a forward-looking infrared (FLIR) camera tuned to the infrared spectrum of methane, allowing visualization of methane, which is invisible in the normal camera view and to the naked eye. Photo: Sharon Wilson / Howarth, 2019 / Biogeosciences

U.S. proposes easing rules on methane emissions from oil and gas production – Latest rollback “highlights the Trump administration’s complete contempt for our climate”

By Ellen Knickmeyer 29 August 2019 WASHINGTON (AP) – Oil and gas companies could face far looser oversight of emissions of potent climate-changing methane gas under a proposal expected from the Trump administration as soon as Thursday, oil industry and environmental groups said. The government’s plan would ease requirements on oil and gas sites to monitor for […]

Social media & sharing icons powered by UltimatelySocial