Go Beyond Oil

Are oil investors using the wrong indicators of value?

Posted by jamess — 17 January 2011 at 2:06pm - Comments
Chopped down Boreal forest near a tar sands mine in Alberta, Canada
All rights reserved. Credit: Jiri Rezak / WWF
Chopped down Boreal forest near a tar sands mine in Alberta, Canada

We've released a report today with partners from Platform and Oil Change International about oil investment and increasingly risky sources of oil. Download the report here (pdf).

Lorne Stockman, from Oil Change International, blogs about the issues covered in the report:

Is a key valuation metric used by analysts to assess oil companies pushing big oil towards riskier and riskier projects?

Why don't you want an oil job?

Posted by jamess — 14 January 2011 at 12:13pm - Comments
The question is: has big oil ever had the brightest minds? (BP boss Hayward in f
All rights reserved. Credit: Daniel Beltrá / Greenpeace
The question is: has big oil ever had the brightest minds? (BP boss Hayward in front of world's worst oil spill)

Want to be this man? Apparently not.

Yesterday someone pointed me to an article on the BBC lamenting the drop in young brains chasing jobs in the dirty oil sector. It seems that having lost the battle for our hearts many moons ago, the oil industry has now officially lost the battle for our minds, too.

2011: The Arctic vs Big Oil

Posted by jamess — 6 January 2011 at 1:23pm - Comments
Polar bear crossing the melting sea ice
All rights reserved. Credit: Nick Cobbing / Greenpeace
Polar bear crossing the melting sea ice

Cairn Energy has fired the starting guns on its 2011 Arctic drilling operation.

Their plan is to lug a couple of massive rigs up to the icy waters around Greenland and drill four exploratory holes in the seabed.

Legal action and Wikileaks trigger beeping Blackberries at BP

Posted by jamess — 16 December 2010 at 12:49pm - Comments
All rights reserved. Credit: fingernageldreck

So the US government is suing BP (along with a bunch of other oil spill sidekicks).  The announcement this morning sent investors running scared and wiping a cool £2.8 billion off BP's share price. Shame the wildlife don't get lawyers.

Using leaks to prevent spills?

Posted by jamess — 10 December 2010 at 5:44pm - Comments
Chevron's projection of a possible oil spill at its Lagavulin drill site in the
by. Credit: Greenpeace
Chevron's projection of a possible oil spill at its Lagavulin drill site in the North Sea

From Chevron to Shell, Nigeria to the North Sea, the slippery mask of big oil was briefly removed this week.

On Tuesday we learned from a leaked internal company report that Transocean – the operators of BP’s Deepwater Horizon rig – had a partial “blow-out” on one of its North Sea rigs only months before the Gulf of Mexico catastrophe.

We take the government to court over oil drilling

Posted by jamess — 12 November 2010 at 2:07pm - Comments

We've taken the government to the High Court in a bid to stop offshore drilling in the wake of the Deepwater Horizon disaster.

Our lawyers filed a claim at the Royal Courts of Justice this morning seeking to stop the issuing of new licences for deep sea drilling until the causes of the Deepwater Horizon explosion have been properly established.

Ford. Going in reverse, fast.

Posted by jamess — 8 November 2010 at 7:09pm - Comments

Update: Over 6,000 emails to Ford bosses. Yet to receive a reply.

As the clock ticks down to some pretty important laws that could potentially save us millions of barrels in oil consumption (3.6m in the UK alone), one car manufacturer is doing its best to scupper this important legislation: Ford.

We've just heard from some high-level sources that Ford is pressuring Vince Cable, the Business Secretary, to weaken the UK's position on proposed European emissions targets.

What's the opposite of greenwash?

Posted by jamess — 5 November 2010 at 3:35pm - Comments

Why are car companies hiding their progress? Photo: drinksmachine

It's not often you see car companies trying to hide their green achievements. We're more used to seeing them worn boastfully on the outside. The way Superman wears his underpants.

So why would they hide them now?

The Corporate Social Responsibility guys must be choking on their almond croissants. Today's news is something they want to shout about: fast, tangible progress on vehicle efficiency technology that reduces emissions. Greener cars, greener company. This time they don't have to make it up. But they're being hushed up by the lobbyists in the boardroom, who know that talking about these gains is going to counter their main argument with politicians: that their companies can't comply with proposed CO2 targets in time.

Ever wanted to stop an oil rig?

Posted by jamess — 3 November 2010 at 2:01pm - Comments

Now's your chance to stop an oil rig. Well, quite a few really.

Right now, in the corridors of Brussels, our politicians and civil servants are haggling over our future. Specifically the future of our oil consumption.

We know the vast majority of oil is used in transport, and that's why the forthcoming European decisions on emissions targets for vans and cars are so important to our Go Beyond Oil campaign.

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