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Oil Change Int’l responds to Canada’s deal to purchase Kinder Morgan assets
Canada’s government announced that it will pay $4.5 billion to Kinder Morgan to buy both the 65-year-old Trans Mountain pipeline and the controversial Trans Mountain Expansion Project. The government also announced that it will assume liability for construction costs of
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Renewables are booming in oil country
The rapid growth of the renewable energy sector has been astonishing. Renewables have been the fastest-growing sources of energy worldwide – and we’re seeing solar power coming in first as the fastest-growing source altogether. Tech companies in particular have been
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Oil spill now larger than Paris ravages indonesian island
An oil spill in Borneo that began over the end of March has now spread across an area greater than the city of Paris and is heading out to the open ocean, the Indonesian government said. The spill, first reported
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East China Sea oil tanker disaster: what it means for the environment
The Iranian oil tanker Sanchi sank off the coast of Shanghai on 14th Jan, after a week of burning and sending plumes of smoke hundreds of metres into the air. Only three bodies of the 32 sailors were recovered. The
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World Bank to stop funding oil and gas projects
The President for the World Bank, Jim Yong Kim, said December 12th the institution will stop all lending for oil and gas projects after 2019, with the exception of certain gas projects in the poorest countries facing exceptional circumstances. Even
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World’s biggest sovereign wealth fund proposes ditching oil and gas holdings
The Norwegian central bank, which runs the country’s sovereign wealth fund – the world’s biggest – has told its government it should dump its shares in oil and gas companies, in a move that could have significant consequences for the
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The Dakota Access Pipeline is leaking, even before opening
“We told you so”. It’s not a nice thing to say but in the case of the Dakota Access pipeline is right. The pipeline, firmly supported by US President Donald Trump, has already leaked 300 litres of crude oil, despite
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Trump gives green light to Keystone, Dakota access pipelines
President Trump gave the go-ahead for construction of two controversial oil pipelines, the Keystone XL and the Dakota Access. As he signed the paperwork in an Oval Office photo op, Trump said his administration is “going to renegotiate some of
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Oil from BP spill has officially entered the food chain
Researchers in Louisiana have found carbon from the BP Deepwater Horizon oil spill in the feathers and digestive tracts of seaside sparrows, proving for the first time that oil from the disastrous 2010 spill has entered the food chain. The
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Shell’s decommissioning plans another Brent Spar PR disaster?
Shell is preparing to start the decommissioning of its four gigantic oil platforms in the famous Brent field in the Scottish part of the North Sea – a huge undertaking. Unfortunately, write Professor Alex Russell of the Oil Industry Finance
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