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Falling oil price opens new doors for BP & Shell
This article was first published in Platform’s Carbon Web newsletter, issue 11. The falling oil price will significantly reduce the bargaining position of oil producing countries. The dramatic crash from an all-time high of $147 a barrel in summer 2008 to $34 in January 2009 has already reversed the trend of resource sovereignty seen…
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RBS goes Arctic
This article was first published in Platform’s Carbon Web newsletter, issue 11. In mid-March 2009, after the most recent bailout, RBS financed exploration work in previously untouched regions of Greenland’s Arctic. Acting as joint bookrunner with Merrill Lynch on March 11, RBS placed shares worth £116 million for Cairn Energy, a Scottish oil company. Although…
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The Oil and Gas Bank
The Royal Bank of Scotland has long ploughed money into fossil fuels – but now we own it, shouldn’t it stop? Kevin Smith looks at the campaign to get the bank to take responsibility for climate damage. First published at https://www.redpepper.org.uk/The-oil-and-gas-bank/ by Kevin Smith. One of the main causes of the current banking crisis has been the…
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A green economy could be ours
The government should use its shareholder position in the newly recapitalised banks to push for proactive change from within – This article was first published at https://www.guardian.co.uk/commentisfree/2008/nov/21/banking-crisis. In early November, representatives from 20 different organisations from around the world gathered in Spain as part of the BankTrack network to lay out a response to the banking…
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Banks need to clean up their green act
Before they benefit from any kind of bail-out, banks should commit to reducing their investment in fossil fuels. – This article was originally published at https://www.guardian.co.uk/commentisfree/2008/oct/08/fossilfuels.banks. On the same day as it became apparent that RBS would need billions of pounds of taxpayers’ money to save it from collapse, the government’s climate change watchdog warned that we should…
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BP and Shell: Rising Risks in Tar Sands Investment
This report details the range of existing and emerging risks that BP and Shell face from their expansion of production in the Canadian Tar Sands. We believe these risks are significant for BP and Shell shareholders and that investors should question the companies more deeply on their tar sands strategies, and call for greater transparency…
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The Living Memorial: an update from Remember Saro-Wiwa
Sept/Oct 2008 – SABLE literary magazine – Ben Amunwa – The Living Memorial: an update from Remember Saro-Wiwa – feature article on Remember Saro-Wiwa Text & pdf to follow.
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Life in the Landscape of Hydrocarbons – Exit Strategy III
By James Marriott – This article was first published in Platform’s Carbon Web newsletter, issue 10. How was it that the marshes of Hoo St Werburgh – so good for grazing cattle and sheep, so rich in birdlife – were turned into a site for Kingsnorth Power Station – with its chimneys and access roads,…
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A view from Tbilisi
The Russia-Georgia conflict and the Baku-Tbilisi-Ceyhan pipeline by Manana Kochladze – This article was first published in Platform’s Carbon Web newsletter, issue 10. A new Cold War. Punishment of Georgia’s pro-western tendencies. Reincarnation of a strong Russia. A return to a multipolar world. What all these narratives miss is that the Great Game is old,…
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Conflict in the Caucasus
This article was first published in Platform’s Carbon Web newsletter, issue 10. British troops dispatched to Georgia to protect the flow of Caspian crude oil from Baku from the encroaching Russian threat. This was 1919, when Britain took control of the Black Sea ports of Batumi and Poti, the outlets through which Azeri…