Thinktank says changes to forecasts reflect accelerated shift away from fossil fuels
The world’s largest listed oil companies have wiped almost $90bn from the value of their oil and gas assets in the last nine months as the coronavirus pandemic accelerates a global shift away from fossil fuels.
In the last three financial quarters, seven of the largest oil firms have slashed their forecasts for future oil market prices, triggering a wave of downgrades to the value of their oil and gas projects totalling $87bn.
Vancouver physician and university professor Tim Takaro is staging a treetop sit-in to protest the expansion of Canada's Trans Mountain Pipeline, which carries oil from the country's Alberta province to the coast in British Columbia. The government-backed expansion project calls for trees along New Westminster's Burnett River, where Takaro is stationed 82 feet from the ground, to be cut down before mid-September.
Dr. Tim Takaro has been in his tree beside the Brunette River for 10 days, his goal being of course, to keep TransMountain from cutting down the beautiful cottonwood trees that are keeping him aloft. He is also putting himself physically in the way of Trans Mountain Pipeline Expansion project construction. He climbed the mature cottonwoods on Monday August 3rd, within a section of the pipeline route along the Brunette River that is scheduled to be cleared between August 1st and September 15th.
The amount of oil spilled from the Japanese-owned ship nearby the lagoons and coastal areas of south-east Mauritius is relatively low compared to the big oil spills the world has seen in the past, but the damage it will do is going to be huge and long-lasting, experts say.
Unlike most previous offshore spills, this has taken place near two environmentally protected marine ecosystems and the Blue Bay Marine Park reserve, which is a wetland of international importance.
A minefield of racial divides, violence and human rights violations is about to explode in Blue River, B.C., over the expansion of Canada’s Trans Mountain pipeline (TMX).
On Saturday, July 25, tensions mounted in Blue River, B.C., a tiny community of just 260 people encircled by a backdrop of a stunning mountainous landscape along Highway 5.
It’s situated at the confluence of the Blue and North Thompson Rivers, where part of the TMX expansion is underway.
