Tag Archives: ExxonMobil

ExxonMobil cuts bait on exploration rights for B.C. coast

Canada’s National Observer, Local Journalism Initiative Reporter

Fossil fuel giant ExxonMobil is relinquishing its long-standing oil and gas exploration permits that threaten sensitive marine ecosystems on the B.C. coast — a heartening development, a coalition of environmental groups say. 

The move by the oil and gas company is encouraging, say the groups waging a lawsuit against the federal government over historical “sleeper” permits that expose B.C. waters — and marine protected areas in particular — to environmental threats from exploratory drilling. 

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Report rates oil and gas sector climate pledges ‘grossly insufficient’

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Eight oil and gas companies are planning hundreds of expansion projects in the coming years, even as the world is already on track to burn through its remaining carbon budget, a new report finds.

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Enviro groups suing Alberta premier say the foreign influence he accused them of is actually in Big Oil

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Alberta Premier Jason Kenney is doubling down on his attacks against the environmental groups he misleadingly claims “campaigned to landlock Alberta energy” using foreign money, but environmentalists are quick to point out the majority of Canada’s oil and gas companies are quietly controlled by foreign corporations seeking to influence climate policy through lobbying and elections.

“The irony of this whole conversation is that the foreign money involved in the conversations about what we should do on climate change or not is, of course, dominated by oil money, most of which is foreign,” said Tim Gray, executive director of Environmental Defence, one of five environmental organizations suing Kenney and his government for misrepresenting the clear-cut findings of a provincial inquiry released last year.

Continue reading Enviro groups suing Alberta premier say the foreign influence he accused them of is actually in Big Oil

Preparing for the Carbon Bubble

Business as usual is no longer a viable option for the fossil fuel industry. At the present rate of consumption, the world is heading towards a 6°C rise in global temperatures. Fossil fuel companies are exposing their investors to financial and climate risk. These were among the many topics discussed as Mark Campanale, of the London-based Carbon Tracker Initiative, explained how we should be preparing for the carbon bubble.

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