ExxonMobil Signs Deal to Explore 28,000 sq km in Offshore Namibia

ExxonMobil has signed a deal for new oil and gas exploration across 28,000 square kilometres in Namibia. The energy giant made the agreement with the Namibian Government and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710, 1810, 1711 and 1811A – it plans to begin exploration activities, such …

nafta

Planned $4.9tn Oil and Gas Investment ‘Not Compatible with Climate Goals’

A planned investment of $4.9 trillion (£3.8tn) in new oil and gas exploration and extraction over the next decade is incompatible with international climate obligations. That’s according to new analysis by Global Witness, which claims any fossil fuel production and use from fields not yet in operation or development will …

Meat and Dairy Emissions Could Surpass Those from Largest Oil Firms

The largest meat and dairy producers could surpass major oil companies as the largest contributors to environmental pollution. That’s according to a new report from the Institute for Agriculture and Trade Policy (IATP) and non-profit GRAIN, which says the five largest meat and dairy corporations are already responsible for more …

Lithium-Ion Batteries Are Fast Becoming the Worlds New Oil

For an energy source that’s been around for three decades, the lithium-ion battery is only just hitting its stride. It’s worked its way up from primitive cellular phones to cameras and laptops before entering everyone’s pockets inside smartphones. But only now that the electric car has arrived is this energy …

100 Fossil Fuel Producers Responsible For 71% Of Emissions Since 1988

A historic new report from CDP has revealed that 71% of all greenhouse gas emissions since 1988 can be traced back to only 100 fossil fuel producers, a group which together are responsible for 635 billion tonnes of greenhouse gas emissions. The new research from CDP, formerly the Carbon Disclosure …

Oil and Gas Companies in North America Less Green Than Those in EU

Oil and gas companies in North America are lagging behind their European counterparts in cleaning up their operations, new research has found, with higher greenhouse gas emissions and less investment in clean alternatives. ExxonMobil and Chevron of the US, alongside Canada’s Suncor, ranked lowest in a review conducted by the …

Global oil demand could peak by 2020, says Shell

The rise of electric cars has led many analysts to make predictions about the future of the oil industry. ExxonMobil and OPEC have both made statements indicating confidence that the majority of vehicles on the world’s roads will continue to be powered by fossil fuels for the next few decades. …