The oil and gas industry intends to invest an estimated $4.9 trillion over the next 10 years to explore for and extract oil and gas from new fields. An analysis from Global Witness concludes that we can't afford any production from new oil and gas fields, much less new fields, if we're to meet the U.N. Paris Climate Agreement goals and avoid moving beyond a critical climate change tipping point. Read More
There is a movement that has the potential to help the world reduce greenhouse gas emissions. That movement is the rapidly growing divestment from fossil fuels. More than 1,000 institutions that represent over $8 trillion in assets have committed to divestment. By the end of 2014, only 181 institutions with $50 billion worth of assets […]Read More
The enormous amount of freshwater used fracking operations have led a group of concerned investors to launch the Water Fueling Disclosure project.Read More
A global energy transformation is required in order to hold global mean temperature rise below the 2 degrees C climate tipping point, according to IRENA.Read More
President Trump signed an executive order last year promoting energy independence. The day after, Interior Secretary Ryan Zinke issued two orders with the intention of implementing Trump’s executive order. They promote the development of energy, including oil and gas, on public lands. Reuters recently reported that oil and gas drillers only bid on a “tiny […]Read More
Expect more oil and gas drilling on federal lands. A new policy implemented by the Trump administration rolls back oil and gas drilling policies for federal land implemented in 2010 by the Obama administration. A recent Bureau of Land Management memo states that public review and disclosure of environmental harm from drilling and fracking will […]Read More
“Drill baby drill” is more than a mantra by those that want to increase domestic output of fossil fuels. It is a way of life, as the recent proposal by U.S. Secretary of the Interior Ryan Zinke to increase offshore drilling on both coasts proves. Zinke’s proposal would make over 90 percent of the acreage […]Read More
