Last year’s combined $200bn profit for the ‘big five’ oil and gas companies brings little hope of driving down emissions
While 2022 inflicted hardship upon many people around the world due to soaring inflation, climate-driven disasters and war, the year was lucrative on an unprecedented scale for the fossil fuel industry, with the five largest western oil and gas companies alone making a combined $200bn in profits.
Now that the Blueberry River First Nations have won a historic agreement, they face thousands of wells greenlit by the regulator.
When the Blueberry River First Nations took the provincial government to court in March 2015, arguing that cumulative industrial developments had robbed them of their ability to hunt and fish, oil and gas companies could see trouble lay ahead.
“The minute we release a policy," - - - - - “they’re going to jump at it with 50 lawyers and look at any loopholes, gaps, mistakes, unclear sentences.”
Feb. 1, 2023
The doors of a metal box slide open, and a drone rises over a gas well in Pennsylvania. Its mission: To find leaks of methane, a potent greenhouse gas, so that energy companies can plug the leaks and reduce the emissions that pollute the air.
Given the scale and complexity of the transition away from hydrocarbons, some worry that economic analysis has been given short shrift in the policy planning process. A clear-eyed assessment of the transition's prospects requires a deeper understanding of at least four major challenges.
New York City pension plans are attempting to force RBC to disclose its full greenhouse gas emission targets for 2030 because the bank keeps financing fossil fuel expansion despite making net-zero pledges.
‘Wealthy oil and gas companies are using this opportunity to make their CEOs and shareholders even richer’
While most people struggle to afford the basics, executives at Canada’s oil, gas and mining companies have pocketed nearly a quarter of the extra money Canadians are spending due to inflation, according to a new report from the Canadian Centre for Policy Alternatives (CCPA).
VANCOUVER/UNCEDED xʷməθkʷəy̓əm (MUSQUEAM), Sḵwx̱wú7mesh (SQUAMISH) AND səlilwətaɬ (TSLEIL-WAUTUTH) TERRITORIES – Today, the B.C. Supreme Court ruled on a landmark 2022 climate case brought by Ecojustice on behalf of Sierra Club BC. In the case, Sierra Club BC alleged that the B.C. government failed to adequately report on its progress to reach its climate targets, as required by the province’s climate law.
