Saudi Aramco

Fracking the World: Despite Climate Risks, Fracking Is Going Global

Read time: 7 mins
'Fracking: it's happening' sign overlaid on a view of Earth from space

The U.S. exported a record 3.6 million barrels per day of oil in February. This oil is the result of the American fracking boom — and as a report from Oil Change International recently noted — its continued growth is undermining global efforts to limit climate change. The Energy Information Administration predicts U.S. oil production will increase again in 2019 to record levels, largely driven by fracking in the Permian shale in Texas and New Mexico.

And the U.S. is not alone in trying to maximize oil and gas production. Despite the financial failures of the U.S. fracking industry, international efforts to duplicate the American fracking story are ramping up across the globe. 

Countries that Blocked 'Welcoming' of Major Climate Science Report at UN Talks have Dozens of Delegates with Ties to Oil, Gas, and Mining

Read time: 3 mins
COP24 plenary

Dozens of delegates from four countries that forced the UN climate negotiations to weaken language around the acceptance of a major climate science report have ties to the oil, gas and mining industries.

At least 35 delegates from Saudi Arabia, Kuwait, Russia and the US are either currently employed or used to work for companies and organisations involved in the petrochemical and mining industries or lobbying on behalf of those industries.

On Saturday, the United Nations Framework Convention on Climate Change (UNFCCC) “noted” the findings of the Intergovernmental Panel on Climate Change’s (IPCC) landmark 1.5 degrees report at the annual talks in Katowice, Poland. Poor and undeveloped countries, small island states, Europeans and many others called to change the wording to “welcome” the study, Climate Home reported.

Oil and Gas Climate Initiative

The Oil and Gas Climate Initiative (OGCI)

Background

The Oil and Gas Climate Initiative (OGCI) is a coalition of major oil and gas companies created to promote a climate-friendly image for some of the world’s largest polluters.

Read time: 8 mins

British Academics Stand with Saudi Arabia at International Climate Talks to Present Green Front

Read time: 2 mins
Academics from the University of Sheffield present at a Gulf Cooperation Council event at COP22

Saudi Arabia and members of the Gulf Cooperation Council (GCC) are generally an obstructive force at the annual international climate change talks. But that rarely stops them trying to present a green front to the world.

Today, two British academics stood alongside representatives of state-owned oil company Saudi Aramco and chemical giant SABIC to help present a picture of low carbon progress.

Exxon, BP, Chevron CEOs Descend on London to Talk Money, Ignore Climate

Read time: 4 mins
Intercontinental park lane

Big Oil is coming to town, and it's here for one thing: to talk money.

As the industry continues to suffer what Forbes describes as the “worst oil crash in a generation”, execs need to work out new ways to turn a profit, and fast.

On Tuesday and Wednesday, hundreds of industry executives will gather in London at the InterContinental Park Lane Hotel for the Oil and Money conference, with sponsors including ExxonMobil, BP, Shell, Chevron, Total and Saudi Aramco.

The annual shindig pitches itself as “the energy industry's premier conference”, and attracts top officials from the world’s biggest companies.

Brussels ‘Revolving Door’ Keeps Relationship Cozy Between Big Energy and EU Decision Makers

Read time: 4 mins

The Brussels ‘revolving door’ has allowed Big Energy to remain close to European climate and energy decision makers ahead of December’s Paris COP21 climate talks, a new report shows.

The report, by transparency campaigning and research group Corporate Europe Observatory (CEO), highlights the easy and frequent flow of EU public servants and elected representatives into corporate jobs linked  to the fossil fuel industry, or those who represent them, and vice versa.

Major industry players such as Saudi Aramco, ExxonMobil, and energy lobby consultancy FleishmanHillard are linked to the latest revolving door cases this year.

Six Commitments Missing From the Oil and Gas Major’s Climate Declaration

Read time: 3 mins

Major fossil fuel companies have today released a Joint Collaborative Declaration under the Oil & Gas Climate Initiative (OGCI) recognising the need to limit global average temperature rise to 2⁰C. Launched in Paris this morning, they are calling for an “effective climate change agreement at COP21”.

In the declaration, ten oil and gas giants call for “widespread and effective pricing of carbon emissions”. Signatories include the CEOs of Total, Statoil, BP, Shell, BG Group, Saudi Aramco, Pemex, Sinopec, Eni, Reliance, and Repsol.

The companies also back natural gas as a cleaner alternative to coal and want to see more research and development into renewables and carbon capture and storage.  However, the declaration has been criticised for lacking concrete targets.

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