Tar Sands

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?

Today BP’s got a new boss, Mr Bob Dudley.  Like anyone who starts a new job, he could do with a bit of advice.

Taking over from the gaffe-prone Tony Hayward - who headed the company during the Deepwater Horizon disaster - Bob’s hoping to draw a line under the world’s biggest oil spill and start again.

And we want to help him. We want to like BP. We believe it could be the kind of company that pioneers clean energy technology and doesn’t invest in dirty fossil fuels.  It could be a company that deserves a green sunflower as its logo.

The BP stations we closed down last week have all long since opened again but the effects our thirst for oil is having on the planet continue. The oil spill in the Gulf is now officially the largest accidental spill ever, and the environmental havoc being wrought in China, Nigeria and elsewhere doesn't get the same news coverage but is just as disastrous.

Meanwhile, lobbyists working for BP and other oil pushers are busy trying to hobble laws and legislation which could set us on the road to reducing our oil dependency and making the transition to a cleaner energy future. One such piece of legislation is the Fuel Quality Directive and if its full potential is realised, it could prevent fuels from dirty sources like tar sands being sold in Europe.