By Donna Katzin and William Minter | – ( Foreign Policy in Focus) – Media, politicians, and policymakers tend to focus on the most visible issues. The attention the war in Ukraine has received in the first half of 2022, for example, is unrivaled in the United States at least since the shock of 9/11 […]
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Petroleum
Biden Reverses himself on Saudi “Pariah,” needing Riyadh’s Oil to Punish Putin for Ukraine
Ann Arbor (Informed Comment) – President Joe Biden ran on making Saudi Arabia a “pariah,” given that the CIA accused Crown Prince Mohammed Bin Salman of authorizing the murder in 2018 of Washington Post columnist Jamal Khashoggi in the Istanbul Saudi consulate. Biden and a bipartisan majority in the US Congress were also upset about […]
Ukraine War: Europe declares Independence of Russian Petroleum, Looks to Mass Transit, EVs to Achieve “Freedom” Goal
Ann Arbor (Informed Comment) – France 24, with AFP, reports that the 27-member European Union succeeded on Monday in agreeing to a sixth round of boycott measures against Russia. Most importantly, Europe pledged immediately to halt two-thirds of all European purchases of Russian petroleum, and to halt 90% of such imports by the end of […]
Stubborn US, UK Oil Investments Expose Corporations, Investors to $1.7 Trillion in Stranded Assets
By Laureen Fagan | – ( Sustainability Times ) – Universities, governments, faith groups and others are changing their investment policies to better align with Paris Agreement climate goals, but they’re also doing so to limit the risk of financial exposure — and that’s been met with political pushback over stranded assets, particularly in Britain […]
Oil Profiteering: High Gas Prices, Climate Change, and the War in Ukraine share a Common Cause
By Lindsay Owens and Hebah Kassem | – ( Afterwords.org) – Amid the ongoing atrocities in Ukraine, rising gas prices, and the existential threat of climate change, policymakers in Washington have a long list of crises to address. But there’s one step that could help mitigate all of them: reducing our dependence on oil — […]
Extinction Rebellion inspires Shell Consultant to Resign over Company’s Bad Faith on Climate Emergency, Call for More Resignations
Ann Arbor (Informed Comment) – In a letter of resignation to the Shell executive committee that she posted to her Linkedin page, Caroline Dennett, the director of the Clout consultancy, explained that she was leaving because Shell is “operating beyond the design limits of our planetary systems” and “is not implementing steps to mitigate the […]
Saudi Arabia Snubs US, Rejects Russia Boycott, as Rumors Fly Biden may meet with the Crown Prince
Ann Arbor (Informed Comment) – Even as the possibility of a visit to Riyadh by President Joe Biden after his upcoming trip to Israel is being rumored, Saudi Arabia is signalling that it cannot be brought on board with the NATO effort to sanction Russia. Last week the Saudi Minister of Energy, Abdul Aziz bin […]
Phasing out Oil can offer a better Life for Many
By Jack Marley | – The EU could ban crude oil imports from Russia within six months if a new round of sanctions is approved. Excluding a handful of countries, refined Russian oil products like petrol and diesel could cease to flow into the EU by the end of 2022. The EU currently relies on […]
How treaties protecting fossil fuel investors could jeopardize global efforts to save the climate – and cost countries billions
By Rachel Thrasher, Boston University; Blake Alexander Simmons, Colorado State University; and Kyla Tienhaara, Queen’s University, Ontario | – Fossil fuel companies have access to an obscure legal tool that could jeopardize worldwide efforts to protect the climate, and they’re starting to use it. The result could cost countries that press ahead with those efforts […]