bp

Fossil fuel giant BP made headlines earlier this year when it announced it would target net zero emissions by 2050. Now, it is in the headlines again, since it announced on Monday that it would slash 10,000 jobs, roughly 15 percent of its workforce, as it struggles during a downturn in the oil market and […]

British-based oil and gas giant BP set the most ambitious climate goal of any company in its industry yesterday when it announced that it will eliminate or offset all of its greenhouse gas emissions by 2050, according to The New York Times. Its ambitious plans included offsetting the burning of oil and gas it takes […]

A Danish pension fund has said it would sell its stake in major oil companies as their business models are incompatible with the goals set out in the Paris climate agreement. MP Pension, a $20 billion pension for Danish M.A’s, M.Sc.’s and Ph.D’s who are employed in public sector universities and upper secondary schools, said […]

By Julia Conley Three Greenpeace campaigners halted a British Petroleum oil rig off the coast of Scotland on Sunday as it prepared to leave for the North Sea to drill oil wells. Carrying enough provisions to last several days aboard the rig, the climate action advocates pulled up to the 27,000-ton vessel in small boats […]

By Andy Rowell It may be a New Year, but there is an old oil spill that keeps on spilling. The trouble is that you will probably have never have heard about the spill. But you need to know. Because, for more than 14 years, some 10,000 to 30,000 gallons of oil have leaked daily […]

By Chloë Waterman As the Trump administration’s dangerous deregulatory agenda leads us closer to climate catastrophe, cities, counties and businesses are stepping up to address the crisis. Last month, Gov. Jerry Brown and former New York City Mayor Michael Bloomberg released their “Fulfilling America’s Pledge” plan, laying out the top climate strategies for subnational governments […]

A federal judge ruled on Thursday in favor of a motion by five big oil companies to dismiss a lawsuit brought against them by New York City, which demanded they pay the costs of adapting the city’s infrastructure to climate change, The New York Times reported. The ruling comes nearly a month after a federal […]

By Paul Brown Oil and gas companies have underestimated probable electric vehicle sales and the effect they will have on their own businesses and profits, a new report says. If the car manufacturers’ projections of future sales of electric cars are correct, then demand for oil will have peaked by 2027 or even earlier, sending […]