Tag Archives: oil

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1 November 2017, The Guardian, Fossil fuel companies undermining Paris agreement negotiations – report. Global negotiations seeking to implement the Paris agreement have been captured by corporate interests and are being undermined by powerful forces that benefit from exacerbating climate change, according to a report released ahead of the second meeting of parties to the Paris agreement – COP23 – next week. The report, co-authored by Corporate Accountability, uncovers a litany of ways in which fossil fuel companies have gained high-level access to negotiations and manipulated outcomes. It highlights a string of examples, including that of a negotiator for Panama who is also on the board of a corporate peak body that represents carbon traders such as banks, polluters and brokers. It also questions the role of the world’s biggest polluters in sponsoring the meetings in return for access to high-level events. The report argues that as a result of the corporate influence, outcomes of negotiations so far have been skewed to favour the interests of the world’s biggest corporate polluters over those of the majority of the world’s population that live in the developing world. It finds that influence has skewed outcomes on finance, agriculture and technology. Read more here

 

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4 August 2017, Inside Climate News, Keystone XL: Low Oil Prices, Tar Sands Pullout Could Kill Pipeline Plan. It will be close to three years, at least, before oil could possibly be moving through the controversial Keystone XL pipeline—if the pipeline is completed at all. Company officials now concede that after battling protests and regulatory hurdles for nearly a decade, market forces could scuttle the project. Canadian pipeline giant TransCanada first proposed the 1,700-mile project in 2008 to ship tar sands oil from Alberta to the Gulf Coast. The half-built project was halted by President Obama in 2015 only to be revived through an executive order signed by President Trump soon after he took office. The company has spent $3 billion on the project, mostly for pipe but also for land rights and other costs of lobbying for its proposal. During the prolonged dispute, the price of oil fell from more than $130 a barrel to roughly $45 a barrel today, undercutting the prospects for production growth in the Canadian tar sands, which were used to justify the Keystone XL project at its outset. Along with changing market conditions, the emergence of competing pipelines scattered TransCanada’s customer base. Now it’s uncertain whether the company can sign enough new commitments from Alberta’s beleaguered oil patch to move forward. Read More here

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24 May 2017, DeSmogUK, Op-Ed: Glacial Progress at Bonn Climate Talks Shows Why we Need to Exclude Big Polluters From Negotiations. When it comes to the fossil fuel industry participating in UN climate negotiations, it’s clear there is a conflict of interest – and demands for this to end are nothing new. But after fierce resistance to this idea during talks in Bonn last week from the EU, US and Australia, more needs to be done, argues Pascoe Sabido of Corporate Europe Observatory. With just six months to go before November’s COP23 climate negotiations, calls for big polluters to be excluded from the talks are growing. Last May at the same ‘intersessional’ climate talks in Bonn, a group of countries representing more than 70 percent of the world’s population insisted on adding a conflict of interest provision in the negotiating text. It almost made it, were it not for an underhand move by the European Union and the USA which saw it removed. Pulling the strings behind such moves: the world’s largest fossil fuel companies. Taken to its logical conclusion, addressing conflicts of interest would mean kicking out the same corporations whose profits are built on causing climate change. Research shows that at least 80 per cent of known fossil fuel reserves need to be kept in the ground to keep global warming below 2 degrees, let alone 1.5 degrees. But a look at BP and Shell’s future energy projections allege that we can continue to burn fossil fuels indefinitely. Ending fossil fuels would put them out of business. This is a fundamental conflict of interest, yet getting it even discussed – let alone addressed – has been an uphill struggle. However, persistence of those countries at the frontline of climate change – particularly Ecuador, which is seeing increasing water shortages and crop failures – as well as increasing public outrage and civil society’s call on the UN to ‘Kick Big Polluters Out’ of climate policy, has ensured the issue has remained on the agenda. This year’s two-week intersessional talks in Bonn saw an official workshop on the topic organised by the secretariat of the United Nations Convention on Climate Change (UNFCCC). Read More here

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17 April 2017, The Guardian Stop swooning over Justin Trudeau. The man is a disaster for the planet. Donald Trump is so spectacularly horrible that it’s hard to look away – especially now that he’s discovered bombs. But precisely because everyone’s staring gape-mouthed in his direction, other world leaders are able to get away with almost anything. Don’t believe me? Look one country north, at Justin Trudeau. Look all you want, in fact – he sure is cute, the planet’s only sovereign leader who appears to have recently quit a boy band. And he’s mastered so beautifully the politics of inclusion: compassionate to immigrants, insistent on including women at every level of government. Give him great credit where it’s deserved: in lots of ways he’s the anti-Trump, and it’s no wonder Canadians swooned when he took over. But when it comes to the defining issue of our day, climate change, he’s a brother to the old orange guy in Washington. Not rhetorically: Trudeau says all the right things, over and over. He’s got no Scott Pruitts in his cabinet: everyone who works for him says the right things. Indeed, they specialize in getting others to say them too – it was Canadian diplomats, and the country’s environment minister, Catherine McKenna, who pushed at the Paris climate talks for a tougher-than-expected goal: holding the planet’s rise in temperature to 1.5C (2.7F). But those words are meaningless if you keep digging up more carbon and selling it to people to burn, and that’s exactly what Trudeau is doing. He’s hard at work pushing for new pipelines through Canada and the US to carry yet more oil out of Alberta’s tar sands, which is one of the greatest climate disasters on the planet. Read More here