Petroleum

By Mark DesJardine and Tima Bansal | – One of the most expensive Wall Street shareholder battles on record could signal a big shift in how hedge funds and other investors view sustainability. Exxon Mobil Corp. has been fending off a so-called proxy fight from a hedge fund known as Engine No. 1, which blames […]

Climate Crisis

“This will Change the World:” Dutch Court orders Shell to reduce CO2 by 45% by 2030

Juan Cole

Ann Arbor (Informed Comment) – In a historic ruling, a tribunal in the Netherlands has ruled that Royal Dutch Shell must reduce its and its customers’ carbon dioxide emissions by 45 percent by 2030 from its 2019 base, according to Le Soir. Shell had already committed to a 20 percent reduction by that date, but […]

Climate Crisis

Int’l Energy Agency: We must Ban new Fossil Fuels Now to avoid Overheating our Earth

The Conversation

By Volker Roeben | – Established in the wake of the 1973 oil crisis, the International Energy Agency (IEA) was created to maintain the stability of the international oil supply. As an independent adviser to many governments on energy policy, the IEA has the authority to make member states release reserve oil stocks to stabilise […]

Environmentalism

Young Indigenous organizers are taking the fight against oil pipelines to Biden

Waging Nonviolence

( Waging Nonviolence)- Hundreds of people rallied in front of the U.S. Army Corps of Engineers headquarters in Washington, D.C. on April 1 to deliver 400,000 petition signatures calling on the Biden administration to stop a pair of major oil pipelines threatening Indigenous nations’ land and water. “We as Indigenous people are done being silenced,” […]

Authoritarianism

How the Big Oil – Dictator Complex Threatens our Planet

Basav Sen

( Foreign Policy in Focus) – This March, the leading global consulting firm IHS Markit held its CERAWeek conference, billed as the “world’s premier energy event” bringing together the “Who’s Who list of the global energy industry.” The conference’s keynote speaker and recipient of the Global Energy and Environment Leadership Award was Indian Prime Minister […]

China

Not Waiting on Biden: China breaks US Iran Blockade, moves to import nearly 1 mn b/d of Ayatolllah’s Oil

Juan Cole

Ann Arbor (Informed Comment) – China is dramatically ramping up its imports of petroleum from Iran this spring, going from a daily average of 300,000 barrels per day during the past year to 856,000 bpd. So reports Felicity Bradstock of Oilprice.com. The Biden administration has dragged its feet on negotiating a return to the 2015 […]

China

By 2030, 60% of New Cars in China will be Electric, and by 2040 all New Cars in the World will be: USB Bank; Will Mideast Oil States Survive?

Juan Cole

Ann Arbor (Informed Comment) – 60 percent of new cars sold in China in 2030 will be electric, according to Switzerland’s UBS bank. And by 2040 the only new cars on the market globally will be electric, the bank predicts. So report Daniel Ren and Pearl Liu for the South China Morning Post. The forecast […]

Featured

Oil Spikes on Yemeni Houthi droning of Saudi Petroleum Cities, in Argument for Wind and Solar Power

Juan Cole

Ann Arbor (Informed Comment) – According to Al Jazeera, the Saudi military acknowledged that the Helpers of God or Houthis [pronounced like Ruthie] of Yemen targeted the Saudi oil port of Ras Tanoura on Sunday with a drone and ballistic missiles. A drone hit Ras Tanoura from the Gulf and pieces of a ballistic missile […]

Climate Crisis

How Defeating the Planet-Killing Keystone XL Oil Pipeline built a Bolder, Savvier Climate Movement

Waging Nonviolence

By Nick Engelfried | ( Waging Nonviolence) – When President Biden rescinded a crucial permit for the Keystone XL pipeline last week, it marked the culmination of one of the longest, highest-profile campaigns in the North American climate movement. The opposition to Keystone XL included large environmental organizations, grassroots climate activist networks, Nebraska farmers, Texas […]