arctic

"Financial crimes" leaflet: Cairn Energy

Last edited 23 August 2011 at 2:23pm

A mockup of a financial newspaper front page handed out by Greenpeace outside Cairn's press conference announcing Cairn's half yearly results for the first half of 2011.

The risks of investing in Arctic oil drilling

Posted by bex — 23 August 2011 at 2:17pm - Comments
Part of the leaflet handed out outside Cairn's press conference
All rights reserved. Credit: Greenpeace
"Financial Crimes": the leaflet we handed out outside Cairn's press conference

This morning, Cairn Energy published its half-yearly results. There isn't much for the company to shout about in there; halfway through their 2011 drilling season, they have yet to find any oil in the Arctic.

Save the Arctic

Last edited 14 March 2014 at 1:26pm

The fragile Arctic is under threat from both climate change and oil drilling. As climate change melts the Arctic ice, oil companies are moving in to extract more of the fossil fuels that caused the melt in the first place. But above the Arctic circle, freezing temperatures, a narrow drilling window and a remote location mean that an oil spill would be almost impossible to deal with. It's a catastrophe waiting to happen. Greenpeace is working to halt climate change and to stop this new oil rush at the top of the world.

Icebergs in Greenland
License: All rights reserved. Credit: Greenpeace / Nick Cobbing

Greenpeace response to Cairn Energy’s half yearly results

Last edited 23 August 2011 at 10:31am
23 August, 2011

Responding to the publication of Cairn Energy’s half yearly results and the news that the company still hasn’t discovered oil off Greenland, Greenpeace campaigner Vicky Wyatt said: 

“Cairn are half way through this year’s Arctic drilling season but still have nothing to show for it. What was already an unattractive investment now looks even riskier. 

Last edited 1 January 1970 at 1:00am
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Shell: "Something has gone wrong here"

Posted by bex — 18 August 2011 at 3:55pm - Comments
North Sea drilling platform Neddrill 7, co-chartered by Shell and Esso (1991)
All rights reserved. Credit: Greenpeace / Klaus Radetzki
North Sea drilling platform Neddrill 7, co-chartered by Shell and Esso (1991)

Shell has apologised for the North Sea oil spill and for its own lack of transparency saying: "The fact is something has gone wrong here, so whatever risk assessment we made about the condition of these pipes has proven to be wrong."

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Last edited 1 January 1970 at 1:00am
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