bp

Oil Demand May Have Peaked in 2019, BP Report Says

Oil Demand May Have Peaked in 2019, BP Report Says

We may have already passed peak demand for oil. This suggestion comes from an unlikely source: fossil-fuel giant BP. The company released its annual Energy Outlook report Monday, and found that oil demand may have already peaked in 2019, as the rise in renewable energy intersects with the impact of the coronavirus pandemic, The Guardian […]

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    Changing the Main Course of Climate Change

    Changing the Main Course of Climate Change

    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 […]

    Electric Vehicle Sales Foretell a Big Oil Crash

    Electric Vehicle Sales Foretell a Big Oil Crash

    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 […]

    Global Carbon Emissions on the Rise Again Due to Coal Comeback

    Global Carbon Emissions on the Rise Again Due to Coal Comeback

    Global carbon dioxide emissions from energy use increased 1.6 percent in 2017 following three years of stagnation, according to a new report from British oil giant BP. The analysis, published Wednesday, further emphasizes worldwide failure to meet the goals struck by the Paris agreement to avoid the worst impacts of climate change. Spencer Dale, the […]

    Climate Litigation Against Big Oil Heats Up

    Climate Litigation Against Big Oil Heats Up

    By Jason Mark Can any one group of actors be held responsible for the damages caused by global climate change? That was the central question argued in federal court on Thursday as attorneys representing San Francisco and Oakland tried to beat back efforts by ExxonMobil, BP, Chevron, ConocoPhillips and Royal Dutch Shell to have a […]