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

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 […]

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 […]

An expedition aboard the “Academic Mstislav Keldysh” discovered a 50-square-foot patch of bubbling methane in the East Siberian Sea Photo: Shirshov Institute of Oceanology

Russian scientists find giant methane fountains in Arctic Ocean – “This is the most powerful seep I have ever been able to observe”

By Alec Luhn 8 October 2019 MOSCOW (The Telegraph) – Russian scientists in the Arctic Ocean said they have discovered the most powerful methane gas fountain ever recorded, highlighting the danger of this greenhouse gas accelerating climate change or causing an oil or gas spill as it erupts from thawing permafrost. A research expedition from […]

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 […]

Map showing 2015–2019 five-year average temperature anomalies relative to the 1981-2010 average. Data: NASA GISTEMP v4. through June 2019. Graphic: WMO

Landmark “United in Science” report brings together world’s leading climate science organizations

NEW YORK, 22 September 2019 (WMO) – The world’s leading climate science organizations have joined forces to produce a landmark new report  [pdf] for the United Nations Climate Action Summit, underlining the glaring – and growing – gap between agreed targets to tackle global warming and the actual reality. The report, United in Science, includes details on the […]

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 […]

Projected share of production from new oil and gas fields, 2020-2029. The majority of the world’s new oil and gas set to come from the U.S. Graphic: Global Witness

U.S. set to drown the world in oil – “The sheer scale of this new production dwarfs that of every other country in the world”

20 August 2019 (Global Witness) – A staggering 61 percent of the world’s new oil and gas production over the next decade is set to come from one country alone: the United States. The sheer scale of this new production dwarfs that of every other country in the world and would spell disaster for the […]

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