The truth is gas is both too expensive and too dirty. We’ve known this for nearly a decadeGas won’t fuel Australia’s recovery or reduce emissions. It’s a mirage | Greg Jericho | Business | The Guardian
The Middle East is likely to plummet in significance for the United States over the next two decades. Let’s face it, the main reason we hear so much about Iraq, Iran, Saudi Arabia and Kuwait (as opposed to Senegal and Uruguay) is that they produce petroleum, and the world transportation system depends on that commodity. The US, despite what Trump keeps saying, isn’t energy independent, and still imports on the order of six or seven million barrels of petroleum a day.Importance of Middle East Plummets as Britain, Ireland, Denmark announce 2030 Funeral for New Gasoline Cars
The trouble is The LNP aren’t about to kick up a shitstorm about that (ODT)
The Labor Party in Australia speaks a progressive language on climate change that it rarely enacts in policy. Now, under cover of the health crisis, the Victorian branch is expanding deforestation projects and onshore gas exploration.
Greed of a few will drive this IPO initial opening offer (ODT)
And yet the future doesn’t look good for oil. The threat of climate change means most countries are looking for ways to reduce their use of fossil fuels and many investors are trying to reduce the number of oil company stocks they hold. So why is the company considered so valuable? A closer look at the data suggests the market sees Aramco as a short-term money maker but with much worse long-term prospects.
Shell’s BUSINESS MODEL and MINDSET incapable of even TRANSITION. BHP can see a future without COAL (ODT)
How Trumpland works compared with Obama (ODT)
A newly-leaked audio recording reveals that oil and gas executives in a private meeting were “giddy” with laughter in the summer of 2017 as they rejoiced over the “unprecedented access” they were being given to the highest levels of the Trump administration, boasting about their ability to have closed-door meetings with top officials and the ascendance of their own industry colleagues to some of the most powerful seats of government.
Paris (AFP) – The five largest publicly listed oil and gas majors have spent $1 billion since the 2015 Paris climate deal on public relations or lobbying that is “overwhelmingly in conflict” with the landmark accord’s goals, a watchdog said Friday.
Despite outwardly committing to support the Paris agreement and its aim to limit global temperature rises, ExxonMobil, Shell, Chevron, BP and Total spend a total of $200 million a year on efforts “to operate and expand fossil fuel operations,” according to InfluenceMap, a pro-transparency monitor.
From Wall Street to the pope, many increasingly see fossil fuels as anything but a sure bet. That gives us reason to hope
“The people who are going to be speaking in favor of this bill are all going to be paid by the industry … the people who are going to be voting on this bill are often also paid by the industry,” Lucas said.
Lucas was ordered by House Judiciary Committee members to desist from making “personal comments” about members. As Lucas persisted, her microphone was cut off. When lawmakers refused to let her finish speaking, she told them to “drag me off.” Security was called and in a video of the incident she can be seen being dragged from the floor.
“I got dragged out of House chambers … Because I was listing out who has been donating to Delegates on the Judiciary Committee,” Lucas wrote on her blog.
BHP Billiton won’t want to appear like its decision to sell a lick of its American onshore shale oil and gas assets is a response to bullying from US activist shareholder Elliott Associates.
Tom Swann, a researcher at the Australia Institute, says anyone exposed to the fossil fuel energy sector has lost money in the past three years
Who do they love, and who are they really supporting? Families, workers and local prosperity, or those who back their party and election campaigns. Do the math, 1+1 = which side their bread is buttered on is a simple equation to satisfy.