Unplugged oil and gas wells accelerate climate change, threaten public health and risk hitting taxpayers’ pocketbooks. ProPublica and Capital & Main found that the money set aside to fix the problem falls woefully short of the impending cost. In the 165 years since the first American oil well struck black gold, the industry has punched...
Firm told it must take responsibility for toxic legacy of pollution and safe decommissioning of abandoned oil infrastructure. The oil firm Shell cannot be allowed to withdraw from the Niger delta before it takes responsibility for its toxic legacy of pollution and the safe decommissioning of abandoned oil infrastructure, a report says. Shell plc is preparing to...
300 kilometre-plus west-east pipeline is crucial for Abu Dhabi as it aims to minimise security threats to emirate’s oil infrastructure. A leading international contracting giant has emerged as the potential front runner for Abu Dhabi National Oil Company’s (Adnoc’s) much-delayed $3 billion project involving the strategic west-east oil pipeline from the Jabel Dhanna port in...
The UAE is destroying the ecosystem of a UNESCO World Heritage Site, and yet its oil company chief will preside over COP28. It is no joke; the man who will preside over the upcoming climate summit, COP28 (which will take place in Dubai, United Arab Emirates (UAE), from November 30 to December 12), is the chief oil executive of...
The company, whose CEO will lead the upcoming U.N. climate summit, is pledging lofty goals for cutting pollution. But it has a “high” probability of failing to meet them, a document obtained by POLITICO’s E&E News says. The oil and gas executive helming the next United Nations climate summit warned world leaders in September that global warming...
A column by Christian Stöcker The World Climate Conference begins in Dubai in just under three weeks. Will it become a farce? The conference president is an oil manager – and he has a suicidal plan for climate policy. Thanks to McKinsey. Here are a few news stories that didn’t get too much attention this...
Oil-rich Gulf states have positioned themselves as both champions of climate innovation and guardians of fossil fuel interests — a balancing act experts warn could derail action at COP28 in Dubai. This year’s United Nations climate summit is being chaired and hosted by the United Arab Emirates, a country dubbed “an oil company with a...
JOHN KERRY LOOKED on from the front row as Sultan Al Jaber of the United Arab Emirates took to the stage in Abu Dhabi in January. Next to Kerry on the plush white chairs reserved for VIPs were senior figures from the Emirati, British, and U.S. governments. It was Al Jaber’s first public appearance since being...
Wall Street is returning to climate talks that it largely snubbed last year, as the United Arab Emirates steps into the role of host. BlackRock Inc. Chief Executive Officer Larry Fink is among a string of finance heavyweights planning to attend the COP28 summit in Dubai that starts next month, according to people familiar with...
The political response to the climate crisis remains largely inadequate in the face of heat waves, hurricanes, floods and forest fires that are accelerating and intensifying. The political inertia can be explained, among other things, by the stranglehold of fossil fuel interests on political decision-makers, and the strong influence polluting industries have on the spheres of power in...