The first thing you need to do is get your engine flushed, then quickly followed
by an oil change (with filter).
This was first brought to light
by Oil Change International (and soon echoed by Ryan Koronowski on Climate Progress and then by Carol Linnitt on DeSmog Canada), all of whom explained the bizarre technicality that exempts dilbit (or diluted bitumen, the transportable form of tar sands crude) from the taxes that fund the Oil Spill Liability Trust Fund.
This report provides a new look at the 2014 report
by Oil Change International and the Sierra Club titled Failing to Solve Energy Poverty: How Much International Public Investment is Going to Distributed Clean Energy Access?
New analysis released today
by Oil Change International finds that World Bank Group finance for projects that included exploration for new fossil fuel resources reached a new high in FY2013, at nearly $ 1 billion out of the $ 2.7 billion spent in total for fossil fuel projects.
A recent report
by Oil Change International shows how there is simply no room for new fossil fuel exploitation within humanity's remaining carbon budget.
But the German self - review published on Tuesday on the OECD website was met with unanimous criticism by think - tanks and expert NGOs working on the issue: «Terrible», «disastrous» and «seriously damaging to the G20 review process» were the first responses
by Oil Change International and ODI.
MDBs approved over $ 5 billion in fossil fuel finance in 2016, despite the Paris Agreement being reached in December 2015, analysis
by Oil Change International shows.
Published
by Oil Change International and the Institute for Energy Economics and Financial Analysis (IEEFA), April 5, 2018
The multilateral development banks» $ 7 billion in fossil fuel finance in 2015 is part of over $ 83 billion in support for fossil fuel projects they provided between 2008 and 2015, according to the new analysis
by Oil Change International.
A new study released
by Oil Change International, examines the role of Norwegian oil and gas production in a Paris - aligned global carbon budget.
More than half of the candidates Walmart financed in the last election cycle voted with fossil fuel interests 100 percent of the time, according to voting data published
by Oil Change International.
A new report
by Oil Change International identifies billions of dollars in subsidies for fossil fuel exploration from the world's wealthiest countries.
It draws on a report
by Oil Change International, a Washington - based think tank, using data from the Norwegian energy consultants Rystad.
According to figures compiled
by Oil Change International, countries together are spending as much as $ 1 trillion dollars annually on fossil fuel subsidies.
Not exact matches
CALGARY — Prime Minister Justin Trudeau's promise to reduce methane emissions in the
oil and gas industry is being welcomed
by environmentalists and, with some reservations,
by industry players, as a key step in fighting climate
change.
NEW YORK, April 24 -
Oil prices were little
changed on Tuesday after Brent hit its highest level since November 2014, supported
by strong demand, OPEC - led production cuts, and the prospect of renewed U.S. sanctions on Iran.
But for several years, companies in southern Louisiana, where his business is located, have suffered along with the
oil industry, which is affected
by changes in global
oil supplies and technologies like fracking.
The Saudi royal family sees its very survival threatened
by Shiite elements in its
oil - rich Eastern Province who have close ties to Iran;
change the government in Tehran and that particular threat recedes.
Months of deliberations behind closed doors at Shell headquarters in The Hague, Netherlands, had led the top brass at the world's largest non-state-owned
oil company
by sales to conclude that the energy industry was
changing fundamentally — in a way that could turn the profitable
oil - sands operation into a liability.
Black has also said he thinks his proposed refinery,
by providing permanent jobs and economic benefits to British Columbians hitherto wary of
oil exports, «will
change the debate on the pipeline.»
According to the International Energy Agency, reducing pollution to levels consistent with limiting climate
change to less than two degrees would see 715 million EVs cruising the streets in 2040 — which would also shrink global
oil demand
by 20 % relative to today.
So while the impact on Climate
Change of the electric car may not be all its visionaries claim, the alternative of a world powered
by coal and
oil is — particularly for the populations of China's and India's cities — unthinkable.
High - end residential property prices in Perth have weakened considerably since the iron ore construction boom ended and
oil prices collapsed, although these two negative events are slowly slipping from the headlines and being replaced
by positive
changes.
The
oil and resource trusts are less predictable; distributable cash will be largely dictated
by changes in the selling price of the underlying commodity.
Saudi Energy Minister Khalid Al - Falih has said it would be a risk to list in New York because of liabilities and litigation, including the climate
change lawsuits against other
oil companies
by New York City.
«The mix of the energy will
change with time, and it certainly will not be as dominated
by oil and gas,» said BlackRock's Steenberg.
Instead of a world dominated
by renewable sources of power like wind and solar — as people concerned about the dangers of climate
change would hope — PE execs see gas,
oil and even coal as a substantial component of electricity and fuel sources in 2039, according to recent interviews conducted
by CNBC.com on the future of energy as part of CNBC's 25th anniversary.
Or think of the price the Canadian economy is expected to pay for the damage wreaked
by climate
change after years of
oil industry lobbyists opposing serious carbon reduction policies.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate
change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including
oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused
by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
Changes in power costs due to falling
oil prices, meanwhile, can vary considerably
by market and region, and, in many markets, gasoline prices are so inflated
by taxation that the impact of lower
oil prices for consumers is considerably dampened.
For
oil prices, the phase
change was caused mostly
by the growth of a new source of supply from unconventional, expensive
oil.
Impact on
oil and gas production: compared to a carbon tax, Alberta's policy offers emitters less of an incentive to reduce production in order to cut GHGs, notes Leach: «assuming that the facility reduced production
by 10 percent, and that emissions decreased proportionately (a simplifying assumption), the facility's emissions intensity would not
change, so its carbon liability per barrel of
oil produced would also remain constant.»
As I wrote in my blog over a year ago, («
Oil Price Spread Costing Canadian producers big bucks,» November 10, 2011), oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
Oil Price Spread Costing Canadian producers big bucks,» November 10, 2011),
oil sands producers have been continually getting short - changed for their oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil sands producers have been continually getting short -
changed for their
oil by refineries in Cushing, Oklahoma, where most of the product from the oil sands flo
oil by refineries in Cushing, Oklahoma, where most of the product from the
oil sands flo
oil sands flows.
These included overly optimistic economic growth and
oil price assumptions; cutting the contingency reserve
by two - thirds; selling shares in GM at fire sale prices; raiding EI revenues; and even booking «savings» from unilateral
changes to federal employees» sick leave benefits.
Posted
by Jeff Rubin on October 3rd, 2013 under SmallerWorldTags: carbon footprint, climate
change, Environment, IPCC,
oil and gas reserves • 16 Comments
Posted
by Jeff Rubin on November 17th, 2014 under SmallerWorldTags: carbon tax, climate
change,
oil prices, Stranded assets • 3 Comments
Posted
by Jeff Rubin on May 21st, 2014 under SmallerWorldTags: Big
oil, climate change, energy, oil prices, Oil Sands • 1 Comm
oil, climate
change, energy,
oil prices, Oil Sands • 1 Comm
oil prices,
Oil Sands • 1 Comm
Oil Sands • 1 Comment
The International Energy Agency that previously warned of lower for longer
oil prices and warned last year that the
oil price recovery was threatened
by the possibility of weak demand now has
changed its tune and is now saying that it is «mission accomplished» for OPEC as
oil stocks shrink at a record pace.
The joint statement
by the Institutional Investors Group on Climate
Change, the Investor Network on Climate Risk, and the Investors Group on Climate
Change also encourages intensive gas users and governments in
oil and gas importing regions to consider playing a role in encouraging control of methane emissions.
If I take Keystone XL out of the mix, in my toy model, I haven't impacted the cost of the marginal barrel of
oil sands because I haven't
changed the cost of a barrel shipped
by rail, I've simply reduced the profit on the barrels which would be shipped via KXL
by forcing them to be shipped to market in a more expensive way.
If the planet is to avert the worst scenarios for climate
change, the optimistic long - run forecasts for
oil demand growth put forward
by energy giants such as Exxon can be thrown out the window.
Zooming in on climate
change, Proxy Preview highlights one new shareholder proposal «that raises questions about transporting
oil and gas
by train and several taking up different angles on deforestation that connect ecological and human rights impacts.»
Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from
oil, gas and coal holdings, and
oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today
by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate
Change Collaboration suggests nervousness over climate risk has shot up in financial circles.
From a strictly legal perspective, the relevant question is not whether there is a sufficient connection to any particular existing or proposed
oil sands development or other production activity, and certainly not whether such projects or activities were included in the Terms of Reference (ToR), but rather simply whether the GHGs associated with the production of bitumen that will be transported
by the NGP are an «environmental effect» of that project (see NGP Report, Volume II, Appendix 4, Terms of Reference, which defines «environmental effect» very broadly to mean «any
change that the project may cause in the environment.»
Darin Kingston of d.light, whose profitable solar - powered LED lanterns simultaneously address poverty, education, air pollution / toxic fumes / health risks, energy savings, carbon footprint, and more Janine Benyus, biomimicry pioneer who finds models in the natural world for everything from extracting water from fog (as a desert beetle does) to construction materials (spider silk) to designing flood - resistant buildings
by studying anthills in India's monsoon climate, and shows what's possible when you invite the planet to join your design thinking team Dean Cycon, whose coffee company has not only exclusively sold organic fairly traded gourmet coffee and cocoa beans since its founding in 1993, but has funded dozens of village - led community development projects in the lands where he sources his beans John Kremer, whose concept of exponential growth through «biological marketing,» just as a single kernel of corn grows into a plant bearing thousands of new kernels, could completely
change your business strategy Amory Lovins of the Rocky Mountain Institute, who built a near - net - zero - energy luxury home back in 1983, and has developed a scientific, economically viable plan to get the entire economy off
oil, coal, and nuclear and onto renewables — while keeping and even improving our high standard of living
Posted
by Jeff Rubin on June 30th, 2015 under SmallerWorldTags: Alberta, climate
change, land reclamation, NDP,
Oil Sands, Rachel Notley • 1 Comment
The rising cost of
oil, its impact on global warming, the geopolitical risks associated with
oil dependency (especially as fuel for automobiles), followed more recently
by the rise of cost effective alternatives presents a «
change the world» opportunity for Apple.
Shaken
by shale
oil production in the United States, softening demand from China and Europe, and rising global concern about climate
change, Canada's tar...
For example, every $ 0.10 per pound the price of copper
changes, it impacts the company's operating cash flow
by $ 400 million, while every $ 5 per barrel the price of
oil changes impacts cash flow
by $ 170 million.
The report claims the emissions cap included in Alberta government's climate
change plan will cost Canada's
oil sands industry $ 250 billion and is the latest in a concerted effort
by conservative opponents of the NDP to undermine its flagship policy.