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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 out of the ground.
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.
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Greenpeace Activists Stop BP Rig Bound for North Sea, Stalling Plan to Drill for 30 Million Barrels of Oil
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 from a sunken oil rig owned by Taylor Energy into the Gulf of Mexico, about 12 miles south of the mouth of the Mississippi River.
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 and businesses, at the Global Climate Action Summit.
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 judge in San Francisco dismissed a similar case brought by the cities of Oakland and San Francisco.
By Paul Brown
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 the price of oil in a downward spiral as supply exceeds demand, said Carbon Tracker (CT), an independent financial think-tank carrying out in-depth analysis on the impact of the energy transition on capital markets.
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 judge throw out a potentially groundbreaking climate change related lawsuit.
Deepwater Horizon Anniversary: Trump Administration Ignores Advice on Preventing Explosions, Injuries, Blowouts
The Trump administration is ignoring advice from the bipartisan commission that investigated the BP Deepwater Horizon disaster as officials move to repeal offshore drilling safety regulations adopted in its aftermath.
Friday is the eighth anniversary of the explosion that killed 11 oil workers and caused more than 210 million gallons of oil to flow uncontrolled into the Gulf of Mexico for more than three months, killing thousands of marine mammals and birds.