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Tag: fuels
Oil company bosses' bonuses linked $1tn spending extracting fossil fuels
2015-05-25 23:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Bosses at the worlds big five oil companies have been showered with bonus payouts linked to a $1tn (650bn) crescendo of spending on fossil fuel exploration and extraction over nine years, according to Guardian analysis of company reports. The unprecedented push to bring untapped reserves into production, and to exploit new and undiscovered fields, involves some of the most complex feats of engineering ever attempted. It also reflects how confident ExxonMobil, Shell, Chevron, Total and BP are...
Tags: company
oil
linked
spending
Oxford graduates give back degree protest fossil fuels investment
2015-05-25 14:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Almost 70 Oxford alumni have symbolically handed back their degrees to criticise the universitys weak policy on fossil fuels investment which excludes only direct investment in oil sands and coal but fails to address other money invested in unsustainable sources of energy. Oxford University announced last week it would maintain its position of not having direct investment in high-risk oil sands and coal; it also pledged to follow environmental and social criteria for its investment. However,...
Tags: back
give
degree
investment
Why the University of Edinburgh must divest from all fossil fuels now
2015-05-24 19:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: It was wrong for American Energy Alliance and ExxonMobil to claim that the oil and coal industries are helping people living in poverty in the global south, and it is wrong for Professor Charlie Jeffery to do so too (Why the University of Edinburgh will not divest from all fossil fuels, theguardian.com, 12 May). The worlds poorest people are already facing hardship from climate-related effects on food supply and water. Pitting fossil fuel divestment against the worlds poor is a cynical move...
Tags: now
university
edinburgh
fossil
United Kingdom: Climate activists attack Edinburgh University stance fossil fuels
2015-05-24 19:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: A group of academics and climate activists from around the world has condemned the University of Edinburghs refusal to divest from fossil fuel companies, saying that its arguments for not doing so are cynical and wrong. More than three-dozen people representing both international groups and those from places including the UK, Australia and Guyanahave signed a letter attacking the universitys stance and which was written in response to a comment piece by Prof Charlie Jeffery, Edinburghs senior...
Tags: united
university
kingdom
united kingdom
IMF: Fossil fuels receive $10m a minute subsidies
2015-05-19 10:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The International Monetary Fund (IMF) has said that in 2015, the fossil fuel industry will receive $5.3trn in subsidies, surpassing annual health spending for all the worlds governments. Fossil fuel companies across the planet are set to receive the huge sum from public funds throughout 2015, equating to $10m per minute. In a working paper published on Monday, the IMF described the figures as shocking, adding that the study is extremely robust. It says that the sum is owed largely to the...
Tags: receive
minute
10m
fossil
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