Top 20 high-cost oil projects risk wasting $91 bln of investor cash

PRESS RELEASE  UNDER EMBARGO UNTIL 15 AUGUST, 00.01 BST  Top 20 high-cost oil projects risk wasting $91 bln of investor cash  London, August 15, 2014 – The Carbon Tracker Initiative (CTI) today revealed some of the world’s most expensive future oil projects, which the biggest publicly listed oil companies are considering for development. Some of these projects require prices far exceeding today’s levels, and risk wasting $91 billion of investor cash over the next decade if taken into …

Exclusive report – Boeing reveals “the biggest breakthrough in biofuels ever”

Oil companies watch out. Biofuels are on the verge of a breakthrough that will transform the oil market. Not only that: it will also green the planet. In an exclusive interview with CleanTechnica.com and Energy Post, Darrin L. Morgan, Director Sustainable Aviation Fuels and Environmental Strategy at Boeing, reveals that …

Fort McMurray Evicts Oil Sands Companies that Helped it Grow

Fort McMurray Evicts Oil Sands Companies that Helped it Grow  The Canadian town of Fort McMurray, population 76,000, is the heart of Alberta’s oil sands largesse–but the town is bursting at its seams with nowhere to expand because the land surrounding it is owned by oil companies. The government’s answer to this …

Storebrand reduces carbon exposure in investments – 19 companies excluded

Storebrand reduces carbon exposure in investments – 19 companies excluded   After the latest sustainability analysis of the Energy sector, Storebrand has excluded 13 coal and 6 oil sands companies from all investments. The aim of these exclusions is to reduce Storebrand’s exposure to fossil fuels and to secure long …

A Bonding Experience

Bond risk Our thinking about the role of future environmental politics on capital markets has extended to another asset class – fixed income. Carbon Tracker recently collaborated with global credit-ratings agency Standard & Poors to publish ‘What a carbon-constrained future could mean for oil companies’ creditworthiness’.  This report assesses the …

Poll Finds Americans, Especially Independents, Overwhelmingly Oppose Subsidies to Fossil Fuels

Hat tip to Paul H.Ray! Poll Finds Americans, Especially Independents, Overwhelmingly Oppose Subsidies to Fossil Fuels AmericanProgress.org: 15 Feb 2012 07:56 AM PST Americans Desperately Want an Oil Change by Daniel J. Weiss As part of the FY 2013 budget released on February 13, President Obama proposed to eliminate $40 …