Tag "oil"

Back to homepage

Oil imports to the U.S. have shifted dramatically over 15 years

While green energy is making inroads particularly at the electrical grid, the majority of energy in the United States is still consumed by the industrial and transportation sectors. Today, it’s still true that about 90% of all energy used for

Read More

Drilling for Earthquakes

To Cathy Wallace, the earthquakes that have been rattling her tidy suburban home in Dallas feel like underground thunderstorms. First comes a distant roar, then a boom and a jolt. Her house shakes and the windows shudder. Framed prints on

Read More

Oil & gas sector needs to commit to long-term thinking to achieve meaningful cost cuts

A majority of senior oil and gas professionals (56%) believe that the industry is repeating the mistakes of previous downturns and have concerns over the loss of jobs and experience and lack of efficiency, according to a new report published

Read More

Opec says electric cars will remain irrelevant through 2040

Increased electric-car adoption could dramatically decrease global demand for fossil fuels, but the Organization of the Petroleum Exporting Countries – better known as Opec – isn’t too worried about that. Opec recently issued its annual World Oil Outlook report and,

Read More

How big oil spent $10m to defeat California climate change legislation

The oil industry spent more than $10m lobbying state lawmakers in a massive push to kill California climate change legislation last year, new disclosures have revealed. Much of the money spent by big oil was targeted at a specific piece

Read More

How the structure of global oil markets fuels authoritarianism and war

by Zack Beauchamp Almost every day, even if you don’t own a car, you probably buy something made from oil. Usually we don’t think about where that money goes – because the answer, at least some of the time, is

Read More

Empty promises: G20 subsidies to oil, gas and coal production

G20 country governments are providing $452 billion a year in subsidies for the production of fossil fuels. Their continued support for fossil fuel production marries bad economics with potentially disastrous consequences for the climate. In effect, governments are propping up

Read More

Rockefeller Fund: ‘The oil age is coming to an end’

Stephen Heintz, president of the Rockefeller Brothers Fund, explains to DW how it makes perfect sense that a fund which got rich on oil is now divesting from fossil fuels. With its announcement to pull out of oil and coal, the

Read More

Bill Gates calls fossil fuel divestment a ‘false solution’

Bill Gates has branded fossil fuel divestment “a false solution” and accused environmentalists of making misleading claims about the price of solar power. In an interview with US magazine the Atlantic, the founder of Microsoft and the Gates foundation criticised

Read More

Bp to pay largest settlement with a single entity in american history

As the U.S. Department of Justice announced on Monday October 5 a final settlement with Bp over the devastating 2010 Deepwater Horizon oil spill, groups are warning that the oil giant may still nab a substantial tax break under the

Read More