2018 Divestment Year in Review

[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] From school children to individuals, companies, and corporations, the global fossil fuel divestment movement has challenged the right of the fossil fuel industry to damage the environment. By divesting from fossil fuels, we are requiring polluters to take responsibility for their products and hitting them where it hurts […]

Eight factors determining the price of oil

As put by Kimberly Amadeo in her article on The Behind-the-Scenes Role of Commodities Traders,  Oil prices are controlled by traders who bid on oil futures contracts in the commodities market. That’s why oil prices change daily. It all depends on how trading went that day. Other entities can only affect the traders’ bidding decisions. These influencers include the U.S. […]

People’s Rebellion is the only way to fight Climate Breakdown

There seems to be some race between the USA and Europe with France’s TOTAL that recently signed with Algeria a contract for a polypropylene plant in the country.  There were afterwards two days of public demonstrations in different localities close to the country’s oil bases in the South. Locals were out and about shouting out […]

Washington unleashed Fossil-Fuel Exports and sold out on Climate

This article dated October 16, 2018 is part of a collaboration between the Center for Public Integrity, The Texas Tribune, The Associated Press and Newsy. It is in 2 parts.  Excerpts of part 2 are below with my Bolds. How Washington unleashed fossil-fuel exports and sold out on climate By Jie Jenny Zou WASHINGTON — […]

Washington unleashed Fossil-Fuel Exports and sold out on Climate

This article dated October 16, 2018 is part of a collaboration between the Center for Public Integrity, The Texas Tribune, The Associated Press and Newsy. It is in 2 parts.  Excerpts of part 2 are below with my Bolds. How Washington unleashed fossil-fuel exports and sold out on climate By Jie Jenny Zou WASHINGTON — […]

SONATRACH will launch offshore drilling

Algeria’s state-owned oil and gas company SONATRACH will launch offshore drilling with France’s TOTAL (NYSE: TOT) and Italy’s ENI (NYSE: E) on two sites in the east and west of Algeria at the start of 2019, its CEO said on Oct. 7. “We should start drilling at the beginning of next year,” Abdelmoumene Ould Kaddour told reporters […]

What happens when the carbon bubble pops?

This article by daryan12 posted on June 25, 2018 would want to be an answer to this pertinent question of What happens when the carbon bubble pops?  One of the issues regarding energy that often gets missed is the financial implications of the transition away from fossil fuels. With assets worth many trillions of dollars, which […]