International Energy Agency executive director Fatih Birol says the fossil fuel industry will only alter practices if governments show they are serious about stifling global warming. “The world needs a “peaceful divorce” between economic growth and the rise in greenhouse gas emissions, one of the world’s leading energy economists has said – but this will… Keep reading →
Shell employed an interesting legal tactic when it preemptively sued several environmental and activist groups in order to head off potential legal challenges to the company’s controversial Alaskan exploratory drilling program. The U.S. 9th Circuit Court of Appeals yesterday ruled Shell’s approach unconstitutional. “Shell may not file suit solely to determine who would prevail in… Keep reading →
Louisiana’s coastline is getting washed out to sea and a lawsuit designed to make oil and gas companies pay for the damage now rages. Some believe a creative financing solution – that involves federal, state and private funding – is needed to foot the more than $50 billion dollar bill over 50 years. “Companies will… Keep reading →
Standard and Poor’s downgraded its outlook on US-based independent Anadarko due to the likelihood of a court settlement that could exceed $9 billion. The case dates back to subsidiary Kerr-McGee’s 2002 corporate restructuring and the company’s 2005 spin-off of its titanium dioxide business. “Our negative outlook reflects our view that a Tronox settlement in excess… Keep reading →
