Out in the Cold – new report on Shell’s plans in the Arctic

Shell’s Annual General Meeting tomorrow is unlikely to go calmly. The company’s problems range from anger over excessive executive pay to spills in the Niger delta. At this time, Platform, Greenpeace and FairPensions are putting to scrutiny offshore Arctic exploration as a key direction in the company’s strategy. The new report ‘Out in the Cold...

Get The Shell Out! Friday 18 May @ 7.30pm

UK Tar Sands Network, Indigenous Environmental Network, Athabasca Chipewyan First Nation (ACFN), Platform, Rising Tide UK, FairPensions, Greenpeace, Shell to Sea and Art Not Oil present: Get The Shell Out! 18th May 2012, Toynbee Hall, 7.30pm Toynbee Hall, 28 Commercial Street, Greater London E1 6LS You are warmly invited to a public meeting in advance of...

Oil projects too far – banks & investors refuse finance for Arctic oil

West LB have decided not to finance oil & gas development projects in the arctic and F & C have dropped Arctic oil explorers Cairn from their ethical portfolio. The German corporate finance & investment bank, West LB, launched a new environmental policy in February and its guidelines are important in relation to the push...

Getting to Market – new report by Platform, Oil Change Int. and Greenpeace UK highlights investor risks in the tar sands

The global oil price wavers around $100 a barrel as traders are split over whether Brent Crude is about to plummet due to the Eurozone disaster getting worse, or about the spike due to a renewed Middle East crisis. It is snowing in Fort McKay, in Nothern Alberta, and the temperature of -6 feels like...

Tax breaks ‘crucial’ for Arctic oil

On Friday 14th October, Texas governor and US presidential candidate Rick Perry unveiled his ‘jobs and energy’ policy which “resembles a wish list for the oil and gas industry” according to the New York Times. The plan, available online, involves scaling down the “job-killing” Environmental Protection Agency and opening up the Arctic National Wildlife Refuge...

FT folds to Shell pressure before AGM

The Financial Times pulled an Amnesty advert challenging Shell’s pollution in the Niger Delta today. The full page ad was due to appear the morning of Shell’s AGM, to contrast the company’s $9.8 billion profit with its role in causing Nigerian communities to drink polluted water, eat contaminated fish, farm on spoiled land, and breathe in air...