oil and gas

President Joe Biden has announced new plans to limit onshore oil and gas drilling in Alaska and ban drilling in the Arctic Ocean, even as his administration approved the massive Willow oil project, which was vehemently opposed by climate activists and many members of Alaska’s Indigenous communities. The new plans, announced Sunday night, will prevent […]

Environmental groups, including the Sierra Club and Earthjustice, sued the Biden administration Monday to stop the sale of oil and gas drilling rights in the Gulf of Mexico. The lawsuit, filed in Washington, DC federal court, seeks to prevent the auction of approximately 13,600 blocks on 73.3 million acres by the U.S. Department of the […]

CEO Bernard Looney reaffirmed the energy giant’s fossil fuel spending plans during International Energy Week in London, calling for an “orderly” energy transition and made the case that more oil and gas investment is needed to achieve net zero goals. “An energy system that works is one that provides energy that is secure and affordable as well as lower carbon — what’s known as the energy trilemma,” Looney told onlookers.

Through a year of war in Ukraine, the U.S. and most European nations have worked to help counter Russia, in supporting Ukraine both with armaments and in world energy markets. Russia was Europe’s main energy supplier when it invaded Ukraine, and President Vladimir Putin threatened to leave Europeans to freeze “like a wolf’s tail” – a reference to a famous Russian fairy tale – if they imposed sanctions on his country.

British bank Barclays has announced the narrowing of its lending criteria for clients involved in coal-fired power generation and will cease to finance the surface mining method of oil sands exploration and production, but has still not committed to restricting lending for oil and gas as some of its competitors have. In its annual report […]

From ExxonMobil to Shell to BP, several major oil and gas companies reported record profits in 2022 as the price of both fossil fuels spiked following Russia’s invasion of Ukraine. 

Oil company Warren Resources has sued Los Angeles this week after the city unanimously passed a ban on new oil and gas drilling. The oil company is arguing that the ban will shut down its operations, and the lawsuit aims to prevent the law from taking effect. Warren Resources operates only in the Los Angeles […]

The world’s eyes are currently on Qatar as the host of the ongoing FIFA World Cup. But, while the tournament’s organizers have been criticized for misleading claims about the event’s carbon neutrality, it turns out that Qatar could have an even more devastating impact on the climate crisis.