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Energy
Mike Mozart / Flickr

BP: Oil Demand to Peak by 2040, With 5x Growth in Renewables

BP predicted that global oil consumption is likely to peak by the late 2030s partly due to the rise in renewable energy, electric vehicles and increasing regulations on single-use plastics.

The British oil giant released its "Energy Outlook" on Tuesday forecasting that demand for oil will peak at about 110 million barrels per day between 2035 and 2040 before gradually slowing and plateauing. Consumption is currently around 97 million barrels per day.

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Climate
The San Francisco Projection Department on Market Street with the #ExxonKnew campaign. Peg Hunter / Flickr

Time’s Up for California AG Becerra to Investigate #ExxonKnew and Prove He’s a Real Climate Leader

By May Boeve

With Trump and fossil fuel executives in the White House, any shot of powerful and lasting protections for our climate and communities will come from our cities and states. That's why it's so troubling that in California, one of the most progressive places in the U.S., current state Attorney General Xavier Becerra is failing to stand up to ExxonMobil and its ilk.

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Energy
Shutterstock

Will Shell Turn From Big Oil Into Big Energy?

By Andy Rowell

On the surface, the good times are back for Big Oil. Later this week, Shell is expected to unveil its biggest profits in a decade since the oil price crash.

As the oil price recovers to over $65 a barrel last year, so do Shell's fortunes, with reported earnings of nearly $16 billion.

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Energy
Financial Tribune

BP Accused of 'Side-Stepping' Russian Sanctions

By Andy Rowell

A new expose published Monday reveals how BP, working closely with the British government, has been "side-stepping" sanctions introduced after the Russian annexation of Crimea.

The expose is based on documents, obtained under British Freedom of Information laws, which have been obtained by the campaign organization, Culture Unstained, part of the ArtNotOil Coalition, which campaigns to kick fossil fuel money out of the arts. The campaign group is particularly critical of BP's ongoing sponsorship of the British Museum in the UK.

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Business
NYC Mayor's Office / Twitter

Empire State Building Shines Green After NYC's Decision to Take on Fossil Fuel Industry

New York City's iconic Empire State Building glowed green Wednesday night following two "watershed" announcements—that the city would seek to divest its pension funds from fossil fuel investments, and that it filed suit against five oil giants for contributing to climate change.

"The Empire State Building is shining green tonight because it's time to put our planet first. #DivestNY," Democratic Mayor Bill de Blasio tweeted Wednesday.

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Animals
Scientists have been shocked at the depth and size of the Amazon reef. Greenpeace

Amazon Reef: BP Drilling Plans Dealt Another Blow by Brazilian Regulator

By Joe Sandler Clarke, Unearthed

BP's plans to drill for oil near a huge coral reef in the mouth of Amazon river have been dealt a further blow after a regulator questioned the company's environmental risk assessment.

Ibama, Brazil's federal environmental agency, rejected an environmental study from the British oil giant, further delaying the company's plans to drill in the region.

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Fourth St. sign under water in San Francisco. Scott Schiller/Flickr

San Francisco Becomes First Major U.S. City to Sue Fossil Fuel Industry Over Costs of Climate Change

San Francisco and Oakland are suing Chevron, ConocoPhillips, ExxonMobil, BP and Royal Dutch Shell—the five biggest investor-owned fossil fuel producers in the world—over the costs of climate change.

The two Californian cities join the counties of Marin, San Mateo and San Diego and the city of Imperial Beach that have taken similar legal action in recent months, the San Francisco Chronicle reports.

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Art Not Oil / Facebook

Artist Donates BP Prize Money to Greenpeace

A growing number of artists and concerned citizens are speaking out against the oil industry's sponsorship of the arts.

The Guardian reported this week that Henry Christian-Slane, the winner of BP's annual Young Artist Award at the National Portrait Gallery in London, donated a portion of his £7,000 prize money to Greenpeace in protest of the multinational oil and gas giant.

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Energy
The USGS Core Research Center collaborated with the USGS Energy Resources Program to drill a core from the Mancos Shale to aid in the oil and gas assessment. Joshua Hicks, USGS

Fracking New Mexico: BP Just Found 'Significant New Source of U.S. Natural Gas Supply'

By Andy Rowell

Amidst the continued dire warnings about climate change, censored scientists and stranded assets, the oil industry keeps on doing what it does best: keeps on belligerently looking for more oil and gas.

Earlier this week, BP announced it had discovered what it is labelling a "significant new source of U.S. natural gas supply" in New Mexico in the Mancos Shale, just across from the Colorado border.

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