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12 Oct 2021 jamesPetrol Panic II – taking on the barriers to climate action
Week two of the Petrol Panic – Monday 4th October. It looks like the pumps are working as normal in the BP petrol station at 232 Priory Road in Anfield, Liverpool, fed by road tankers filled at the gantries of Stanlow Refinery, 12 miles to south on the banks of the Mersey. But the Petrol…
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4 Oct 2021 jamesProfiting from the Panic – how to use a squeeze in the oil flow to financial advantage
Petrol Panic grips the nation. A second week of fuel shortages on the forecourts threatens to hobble the economy, or at least erode support for the Tories in their heartlands and overshadow the Conservative Party Conference. Will queues at the petrol pumps in Manchester crowd the prime minister’s show? The Shell stations in Bolton were…
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Press Release: Councils suffer £2bn hit to pension funds due to oil investments
New analysis reveals that £1.75 billion was wiped off UK council pension funds due to their oil investments crashing over the past three years. Platform London commissioned Transition Economics to conduct the analysis [1], which showed that * The combined investments by 56 local government pension funds into nine leading oil companies, including BP and…
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Funding Climate Chaos
How Banks Are Continuing To Fund The Climate Crisis This report is a collaboration between People & Planet, 350.org and Platform. Click here for the report. Executive summary: The financial impact of the Covid-19 crisis, on top of a crash in oil prices, has shown us ever more clearly that economies based on fossil fuels…
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PRESS RELEASE: Bank of England could buy BP bonds worth almost 900Mn as campaigners commemorate 10 years since the BP Gulf of Mexico disaster that devastated lives and environment
People from across the world commemorate the 10 years anniversary of BP’s Gulf of Mexico oil spill that took eleven lives and ruined thousands more with creative online action. 10 years on, communities are still fighting the deadly impact of big oil companies in the Gulf. Last week, the Bank of England published a list…
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“Yes Shell bribed me.” 24 years after the execution of the Ogoni 9, key witness tells court.
Today is 10th November 2019, 24th anniversary of the judicial murders of the Ogoni 9. Due to unstoppable widows of the Ogoni 9, new evidence has come to light on Shell’s complicity in their arrest and corruption of their trial. The nine men were elders and community leaders from the Niger Delta who had been…
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$450 million in US ‘development’ finance for fracking in Patagonia
The US development finance corporation OPIC has just loaned $450 million to a large fracking project in Argentinian Patagonia – despite objections from eight US senators, Indigenous rights concerns, and the climate crisis. The two loans will fund Vista Oil & Gas and Aleph Midstream (respectively sister company and subsidiary to London-listed Riverstone Energy) to…
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Government issues nearly £2 bn for fossil fuels abroad… and 0.0005 as much for renewables
New data shows: last year the UK government supported oil, gas and coal projects in other countries to a tune of £1.8 billion – through UK Export Finance (UKEF), a government department that purports to support UK businesses operating elsewhere. We’ve analysed UKEF’s annual list of loans and financial guarantees, and here’s some of the…
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Of Turmeric and Truth
‘Fuel for Thought’ and the struggle in Ogoni Lazarus Tamana, Europe Coordinator of the Movement for the Survival of the Ogoni People (MOSOP), holds up a small round plastic container, an inch deep, two inches across. It is filled with a rich yellow-ochre coloured powder. “This was grown on the fields at my farm in…
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North Sea oil: The unmentionable climate emergency scandal… until now
We’re in a climate emergency – so why is the UK aiming to extract 20 more billions of barrels of oil?! Our research, out today, shows just how far out of touch with reality this plan is – and what the UK needs to do instead, not only to protect the climate, but also workers’…
