Blog Archives

E.ON becomes the first big energy company to break ranks with a U-turn on energy transition, trouble of all sorts for shale, Lima climate summit gears up in face of the hottest year ever, BP & Shell in disfavour with the Church, viable future for oil and gas giants questioned in FT: Week 48, 2014

Typhoon Hagupit forces a million Philippinos to flee their homes. For the third climate summit running, the nation suffers a devastating storm. “UN climate talks call future of energy majors into question”: FT. “ExxonMobil and Shell would cease to exist in their current form in 35 years”, FT concludes.… Read-more
Posted in Chronicle, Clean Energy, Climate, Coal, Finance, Gas, Oil Tagged with:

BoE to examine risks carbon-fuel companies pose to financial stability.

FT: “The Bank of England has revealed it is to examine formally for the first time the risks fossil fuel companies pose to financial stability.”… Read-more
Posted in Chronicle, Climate, Coal, Finance, Gas, Oil Tagged with: , , , ,

Saudi Arabia “Takes the Gloves Off”: moment of truth arrives for US shale.

Mark Lewis for Kepler Cheuvreux (no url): “Despite the dramatic recent fall in oil prices, OPEC decided yesterday to maintain its current production quota of 30mbd, thereby compounding market fears of a short-term supply glut and prompting a further sharp drop in the Brent and WTI benchmarks (both down 6.3%… Read-more
Posted in Chronicle, Gas, Oil Tagged with: , , , , , ,

“OPEC Faces Off Against Shale: Who Blinks as Price Slides Toward $70?”

Bloomberg: “OPEC’s decision to cede no ground to rival producers underscored the price war in the crude market and the challenge to U.S. shale drillers.”… Read-more
Posted in Chronicle, Gas, Oil Tagged with: , , , , ,

UK government chief scientist compares fracking risk to thalidomide.

Guardian: “Fracking carries potential risks on a par with those from thalidomide, tobacco and asbestos, warns a report produced by the government’s chief scientific adviser.”… Read-more
Posted in Chronicle, Gas, Oil Tagged with: , , ,

“Market rout as oil slide rocks energy groups”: FT.

FT: “Shares in the world’s biggest energy groups have tumbled in a market rout as plunging oil prices put at risk billions of dollars of investment and jeopardised future supplies of crude.”… Read-more
Posted in Chronicle, Gas, Oil Tagged with: ,

Shareholders tell Exxon: Oil price, climate should mean $56B in dividends.

Houston Business Journal: “ExxonMobil Corp. needs to face the reality of low oil prices and climate change, according to shareholders from Arjuna Capital and As you Sow.”… Read-more
Posted in Chronicle, Climate, Gas, Oil Tagged with: , ,

Banks begin to face heavy losses as oil price falls.

FT: “Banks including Barclays and Wells Fargo are facing potentially heavy losses on an $850m loan made to two oil and gas companies, in a sign of how the dramatic slide in the price of oil is beginning to reverberate through the wider economy.”… Read-more
Posted in Chronicle, Finance, Gas, Oil Tagged with: , ,

61 US shale drillers owing $199 bn should fear lessons of 1986.

Bloomberg: “The last time that U.S. oil drillers got caught up in a price war orchestrated by Saudi Arabia, it ended badly for the Americans.”… Read-more
Posted in Chronicle, Gas, Oil Tagged with: , , , , ,

Obama climate change envoy: fossil fuels will have to stay in the ground.

Guardian: “The world’s fossil fuels will “obviously” have to stay in the ground in order to solve global warming, Barack Obama’s climate change envoy said on Monday.”… Read-more
Posted in Chronicle, Climate, Coal, Gas, Oil Tagged with: , ,
Appropriate civilization includes environmental balance, sustainable capitalism, empathic societies, racial and religious harmony, poverty alleviation at home and abroad, common security, and use of tech for social good.

New despotism includes environmental sabotage, reckless capitalism, isolationist nationalism, incitement to racial and religious hatred, retreat from aid, war mongering, and the use of tech for social harm.

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