alternative fuels

Tar sands investment and 'oil at any cost' threaten BP's future profitability

Posted by jossc — 3 February 2009 at 3:40pm - Comments

Alberta, Canada - contaminated water from tar sands oil production fills a 2 km wide 'tailings' pool

Alberta, Canada - contaminated water from tar sands oil production fills a 2 km wide 'tailings' pool © Greenpeace

Last month our Emerald Paintbrush award presented to BP highlighted how far the company, which previously styled itself as going 'beyond petroleum', has moved back to its traditional profit source at the expense of its alternative energy division, and most likely its long-term profitability.

Investors may have been patting themselves on the back yesterday as BP posted record profits for 2008, but they should be wary - a quick trawl through the figures reveals major flaws in the company's long term investment strategy. Massive profits during the first half of the year (when oil prices reached over $100 per barrel) were undermined by a collapse in the final quarter, when prices fell back to around $40 per barrel.

BP's 4th quarter profits slump "a clear warning to investors"

Last edited 3 February 2009 at 2:57pm

Risky investment in tar sands and continued failure of alternative energy division threatens future profitability of oil major

3 February, 2009

BP's announcement of record profits masks major flaws in the company's long term investment strategy, according to analysts at Greenpeace and PLATFORM.

Strong growth recorded in the first half of 2008 was undermined by a collapse in profits during the final quarter, indicating a vulnerability to oil price fluctuations which will continue while BP remains wedded to an “oil at any cost” strategy.

'Green fuels' could be bad for the planet, say environmental and development groups

Last edited 20 March 2007 at 8:00am
20 March, 2007

A misjudged push for 'green' fuels could instead damage the climate and trash rainforests, according to the UK's largest environmental and development groups today.

Biofuels - which are similar to petrol but less environmentally damaging because they are made from crops and wastes - could play an important role in tackling global warming. But, say bosses from the RSPB, WWF, Greenpeace, Oxfam and Friends of the Earth, the government's dash for biofuels is ill thought out, lacks appropriate safeguards and could be creating more problems than it solves.

Last edited 1 January 1970 at 1:00am

Greenpeace response to government rejection of Whinash windfarm plans

Last edited 2 March 2006 at 9:00am
2 March, 2006

In response to today's announcement by the government that they have rejected plans to build what would have been England's largest windfarm at Whinash in Cumbria, Stephen Tindale, Executive Director of Greenpeace, said:

"Any Government that wants to expand airports and turn down windfarms is simply not fit to govern. It's hard to believe that the nuclear industry has not played some role in this.

Greenpeace calls on governments and other companies to join the Cool Coalition

Last edited 22 June 2004 at 8:00am
22 June, 2004

Three world leaders in food and soft drinks today promised to phase out the powerful global warming gases, hydrofluorocarbons (HFCs) in their refrigeration equipment (1). The announcement comes 11 years after Greenpeace showed the world that the future of cooling could become climate-friendly.

In a joint conference in Brussels, Unilever, Coca-Cola and McDonald's presented their programme for the beginning of the end of HFCs. Their initiative is supported by Greenpeace and the United Nations Environment Programme (UNEP).

Global warming - the real cost of fuel?

Last edited 15 June 2004 at 8:00am

Our message takes to the streets of Edinburgh

Greenpeace today challenged lorry drivers protesting in Edinburgh about fuel price rises by sending vans emblazoned with the message 'Global warming kills - keep the fuel tax' to join their convoy.

Greenpeace guerrilla garages

Posted by bex — 3 November 2001 at 9:00am - Comments

London garage: sign

London garage: sign

Greenpeace has given away thousands of litres of free green fuel to motorists today at refurbished 'guerrilla garages' across the country.

Fuel prices background brief

Last edited 24 September 2001 at 8:00am
Publication date: 
30 September, 2000

The risk to our climate

  • The majority of the world's carbon pollution comes from oil products like petrol and diesel. We can avoid a runaway greenhouse effect but only if we break our addiction to fossil fuels and make the transition to an economy run on renewable energy and hydrogen.
  • Fossil fuel use is already changing our climate. The arctic ice cap has already thinned from 10ft to 6ft in the last 20 years as a result of warmer seas. Scientists predict that the entire polar ice cap could disappear every summer within the next 50 years....
Download the report:

New era dawns for UK renewable energy industry

Last edited 4 April 2001 at 8:00am
4 April, 2001

The UK wind industry had a massive boost today when the Crown Estate gave the green light to 18 new offshore wind farms around the coast of England and Wales, with the combined potential to supply one million homes.