Petroleum

By Stephen Peake, The Open University | – The world’s energy bill for 2022 is set to be the highest ever, topping US$10 trillion (£8.3 trillion). This is the total price paid for all forms of energy across all sectors by all people. Something like 80% of this bill is for coal, oil or gas, […]

Climate Crisis

Given their Enormous Windfall Profits, Oil Companies are not paying Enough for their Environmental Damage

The Conversation

By Robert (Bob) L. Ascah, University of Alberta | – At the end of the third quarter reporting season in October, the Big Four oilsands producers continued to report record profit levels. Collectively, Cenovus, CNRL, Imperial Oil and Suncor earned $5.8 billion in the third quarter and $23.1 billion in the first nine months of […]

Climate Crisis

Just Stop Oil: Research shows how Activists and Politicians talk differently about Climate Change<

The Conversation

By Clare Cunningham, York St John University | – The environmental activist group Just Stop Oil has grasped public attention with a series of “art action” stunts targeting famous paintings and buildings with cans of soup and paint. They have climbed motorway gantries, blocking drivers on the M25. Their message has been loud, but has […]

Climate Crisis

COP27 flinched on phasing out ‘All Fossil Fuels’. What’s next for the Fight to keep them in the Ground?

The Conversation

By Fergus Green, UCL and Harro van Asselt, Stockholm Environment Institute | – (The Conversation) – The latest UN climate change summit (COP27) concluded, once again, with a tussle over the place of fossil fuels in the global economy. An agreement by the world’s governments to phase out all fossil fuels would have been a […]

Climate Crisis

COP27 Climate Summit sparks Action Against Investment Treaties Favoring Fossil Fuel Corporations Over People and Planet

Inequality.org

By Manuel Pérez-Rocha | – ( Inequality.org ) – Regarding the global climate negotiations in Egypt, several countries announced important actions to curb the power of the fossil fuel industry. For decades now, a global web of international investment agreements has given corporations excessive powers to block government policies they don’t like. Through “investor-state dispute […]

Climate Crisis

COP27: a year on from the Glasgow climate pact, the world is burning more fossil fuels than ever

The Conversation

By Mathieu Blondeel, Warwick Business School, University of Warwick | – The burning of fossil fuels caused 86% of all CO₂ emissions during the past ten years. Despite being the primary culprits of global heating, coal, oil and gas were barely mentioned in the official texts of previous UN climate change summits. That all changed […]

Featured

To Deal with Saudi Arabia, Biden should Fast-Track both Iran Deal and the Greening of Transportation

Juan Cole

Ann Arbor (Informed Comment) – Reuters reports that the Biden White House is upset with Saudi Arabia over the recent OPEC+ decision to cut the output of the 21 nations grouped in the bloc by 2 million barrels a day. President Biden told CNN’s Jake Tapper in an interview Tuesday, “there will be consequences” for […]

Featured

As Saudis stab Biden in the Back with OPEC+ Oil Cut, Only Electric Vehicles can Make US Independent

Juan Cole

Ann Arbor (Informed Comment) – In a major blow to President Joe Biden, on Wednesday, OPEC+ took steps toward cutting the oil production of the members by 2 million barrels a day. Jackie Northam at NPR reports the views of analysts who believe that Saudi Arabia and Russia drove the decision in order to get […]

infrastructure

After oil: what Malaysia and Iran may look like in a post-Fossil Fuel Future

The Conversation

By Rowena Abdul Razak, London School of Economics and Political Science and Asma Mehan, Texas Tech University | – As the devastation of climate change makes the need to decarbonise clearer by the day, countries face the question of what to do with their old fossil fuel infrastructure. While some environmental activists have taken to […]