Oil major BP played a key role in lobbying the Trump administration to allow oil and gas drilling in two previously protected areas of the Alaskan Arctic, Unearthed can reveal. Opening up the areas to exploration poses significant risks to the environment and will undermine efforts to meet the Paris climate targets to prevent catastrophic climate change. Writing to Trump administration officials, the company first lobbied for more areas to be opened up to drilling off the US coast and then welcomed plans to lease swathes of the Arctic’s Beaufort Sea for oil and gas exploration, according to documents seen by Unearthed.
Unearthed 19th May 2019 read more »
Greenpeace volunteers have today shut down BP’s HQ. The organisation is demanding that BP immediately ends all exploration for new oil and gas and switches to investing only in renewable energy. If BP does not do that, says Greenpeace, it should wind down its operations entirely and go out of business. Greenpeace volunteers arrived at the HQ in St James’ Square, central London, at 3am this morning. They have encased themselves in specially designed, toughened containers weighing several tonnes each, blockading all the HQ’s main entrances and preventing staff from entering the building. A team of climbers are now abseiling from the top of the company’s HQ and blocking out each window with huge letters spelling out the words ‘CLIMATE EMERGENCY’ across the entire facade of the building.
Greenpeace 20th May 2019 read more »
In the battle to curb greenhouse gas emissions institutional shareholders are forcing some of the world’s biggest energy companies to take greater responsibility for their role in global warming. From setting emissions targets to greater disclosure on climate-change related risks, this new breed of environmental activist is pushing the majors through behind-the-scenes discussions to align their businesses with the Paris climate goals. But are there limits to their efforts? Critics say the scope, scale and timeframe in which investors have to enact change at oil and gas companies is undefined. They also have competing concerns and measure success differently. “There is rapidly growing interest in using financial assets as an instrument to reduce the environmental footprints of companies,” said Ben Caldecott, Director of the Oxford Sustainable Finance Programme at the University of Oxford. “[But] what is considered good engagement differs hugely by investor, geography, and asset class,” he added, saying such initiatives were “nascent”. Meanwhile, traditional climate activists say the only way to dramatically reduce global carbon emissions is to eliminate fossil fuel production and investment into hydrocarbons. Talk is cheap, they say, and the world is running out of time. However, these investors disagree. They say engagement is the only option to first push companies to be more transparent, then instil trackable and enforceable emissions targets and later shift their businesses towards cleaner fuels and greener investments. Divestment would only pass on the problem to others who may be less socially conscious, they add.
FT 20th May 2019 read more »
Cases of childhood cancers in Scotland have risen by a third in the past 10 years with experts claiming air pollution levels are driving the increase. Pesticides and exposure to chemicals in paint and solvents are also said to be behind the rise in the number of children being diagnosed with the disease. Figures show that 151 children in Scotland were treated for cancer in 2016, compared with 112 in 2007 – a rise in 34 percent. Dr Denis Henshaw, of Children With Cancer UK, said: “Rising pollution levels are by far the biggest culprits and responsible for 40 per cent of the rise.” Parents are experts are calling for more robust research into the causes of childhood cases with leukaemia the most common form of the disease in the young. Dr Henshaw said warnings over the links between air pollution and the disease were ignored by the UK Government when it introduced tax breaks for diesel car owners. He told The Sunday Post newspaper: “The first warnings linking poor health were given in the 1990s but the government gave diesel car owners tax breaks in 2001.
Scotsman 19th May 2019 read more »
The World’s Last Coal Plant Will Be Constructed Soon.
Oil Price 19th May 2019 read more »