BP Worries a Green Coronavirus Recovery Could Kill Its Business

Oil giants are coming to terms with their impending doom. That’s especially true these days for BP, the London-based multinational fossil fuel corporation most notorious for causing the Deepwater Horizon oil spill in 2010. The company announced on Monday it’s writing down up to $17.5 billion (£14.1 billion) on its assets in the second quarter due to the coronavirus pandemic and its long-term projected impact on global oil prices. Read More >>

fossil fuels
BP CEO Calls Plan to Lay Off 10,000 Workers the ‘Right Thing’

The coronavirus pandemic has been a wild ride for the oil industry as it struggles to grapple with cratering demand for its main product. The biggest hits have been to small firms and middle-tier oil companies, but Big Oil is feeling the impacts, too. Read More >>

fossil fuels
How the World Should Stop Fossil Fuel Production

The world has to move away from fossil fuels. And a new study lays out a roadmap for how to do it in a fair and just way. Read More >>

fossil fuels
Clear Skies Are a Cover-Up for India’s Fossil Fuel Expansion

With blue skies in Delhi and the Himalayas peeking out of Punjab’s smog, you’d be forgiven for thinking covid-19 has inadvertently cleaned up pollution-choked parts of India, the world’s third largest emitter and home to its most polluted cities. Instead, in the months leading up to India’s lockdown, Prime Minister Narendra Modi was busy opening up a fossil fuel expansion at home and abroad. Read More >>

fossil fuels
Oil Companies Are Spending a Fortune to Store Unused Crude at Sea

From airlines flying ghost flights to simultaneous food shortages and overproduction, coronavirus is making the absurdity of how markets function very clear. Now, amid the collapse of the global oil market, traders are spending millions of dollars a day to store a record amount of unused crude oil on giant container ships. Read More >>

fossil fuels
Fossil Fuels Should Come With Cigarette-Style Warning Labels, Experts Say

Research shows that when labels on cigarette packages display nasty photos of the harm that smoking causes, it can help encourage smokers to kick the habit. Now, experts are looking to apply the same logic to fossil fuels. Read More >>

We Can Increase Life Expectancy Without Fossil Fuels

Oil and gas companies love to tell us how much we need their products. Read More >>

The Coronavirus Outbreak Has Caused the Biggest Global Oil Demand Dip in History

Global oil demand is experiencing its most sudden and dramatic dip in history, and it’s all because of the coronavirus outbreak. Read More >>

fossil fuels
Cracks Are Starting to Show in the World’s Fossil Fueled Infrastructure

On Wednesday, the Court of Appeal issued a ruling that Heathrow Airport’s long-planned third runway expansion in London is illegal due to its climate impacts that planners failed to adequately account for. The move is the latest in a decade-plus of wrangling over the expansion that would be a climate disaster. Read More >>

climate change
World’s Biggest Fossil Fuel Funder Notes Climate Change Could End ‘Human Life as We Know it’

The finance industry is issuing some of the direst warnings about climate change while funding the industry most responsible for it. Today’s example: JP Morgan. Read More >>

The Jeff Bezos Climate Superpower That’s Bigger Than $10 Billion

The richest guy on Earth has decided maybe spending a few bucks to save the planet isn’t such a bad idea. Read More >>

fossil fuels
How Climate Change Could Bring About the Next Great Recession

Our weather is becoming more extreme, litigation is targeting fossil fuel companies – and our whole economic system is at risk of imploding if the energy sector doesn’t prepare for climate change, financial experts warn. Read More >>

climate change
Cutting Fossil Fuel Subsidies Could Be Even More Beneficial Than We Realised

The world wastes trillions of dollars every year on fossil fuel direct and indirect subsidies. Trillions! The U.S. alone spends hundreds of billions of dollars on them, ten times as much as it spends on education. Read More >>

climate change
A Fight Over a ‘False Solution’ Is at the Centre of Madrid Climate Talks

Civic leaders are gathered in Madrid for the international climate talks known as COP25. And they’re entering the crucial final day of negotiations. Read More >>

Just 88 Companies Are Responsible for Ruining the Oceans

Climate change is taking a toll on the ocean, and people are racing to save the seas. But a new study shows exactly who’s to blame for their crash. And no, it’s not consumers. It’s major fossil fuel producers: BP, Chevron, ExxonMobil, and Royal Dutch Shell. Read More >>