This is a guest post by Karin Kirk, crossposted with permission from Yale Climate Connections...
With global oil prices in decline and the UK’s oil reserves in the North Sea dwindling, tensions over pay for those working in the industry are inevitable. Throw in the UK’s existing commitments to decarbonise the economy and you’ve got a conflicting tripartite between boss, worker and the climate - all three kicking in different directions.
Who takes the financial hit of a sector in decline is as much in question as the long-term viability of the industry itself.
The fossil fuel industry is beginning to feel the impact of climate change action, and will become increasingly vulnerable, according to academics.
Two articles published in the latest issue of MRS Energy and Sustainability, a journal from Cambridge University Press and the Materials Research Society, suggest there are a number of new or intensified threats currently facing the industry, including heavier regulation by governments and financial instability of the market.
Op-Ed By Tom Baxter, a senior lecturer in chemical engineering at the University of Aberdeen.
The principle is simple – if oil and gas companies are going to put lots of steel and concrete in the ocean to extract fossil fuels from the seabed, they should return it to its initial state once they are done.
So it’s understandable and entirely predictable that Scotland’s environmental NGOs including WWF and Greenpeace disagreed with Shell’s current plans to decommission its Brent oilfield. Those plans include leaving large sections of the concrete bases of its platforms in place, instead of removing all the drilling equipment from the sea bed.
The comparative societal, environment and economic assessments undertaken by oil and gas companies to justify their decommissioning address options from full removal to leave in place. The requirements of the associated marine legislations are also a vital element of the analysis; particularly the OSPAR Directives.
On an uncharacteristically sunny day in central London, thousands of smiling people in white lab coats holding placards adorned with Einstein’s equations and Neil DeGrasse Tyson quotations marched towards Parliament shouting “science not silence”.
The chant filtered back a half-mile or so down the road, and all of a sudden, thousands of similarly dressed, previously shy people had become vocal. It was a rare moment of activism from a group normally content to go under the radar, bunkering down in labs and libraries across the world.
The chant quickly became the impromptu slogan for London’s March for Science on Saturday.
On Saturday, thousands of people in over 500 hundred marches will take to the streets to call for governments to support and fund scientific enquiry. Dr Alice Bell — campaigner, writer and researcher in the public engagement with science and technology — outlines why it’s important for people to support the global March for Science.
Court proceedings are due to begin in Italy today to determine whether oil giant Shell will face trial on corruption charges over the purchase of one of Africa’s most valuable oil blocks.
Italian prosecutors claim Shell and Italian oil major Eni concluded a deal for the rights to exploit the Nigerian deepwater oil block OPL 245 with knowledge that the money would fall into the hands of a convicted money-launderer and be turned into political kickbacks.
They are accusing Shell, Eni and several of Eni’s senior executives, including its CEO Claudio Descalzi, of corruption over the purchase of the block in 2011.
Oil giant Shell won the ‘Corporate Influencer’ gong at the 2017 World Media Awards.
The winning campaign, called “Best Day of My Life”, featured a music video featuring ‘energy innovations’ that Shell is supporting, and it went viral shortly after its release.
Shell were understandably smug about their award. Last autumn, the “Best Day of My Life” video went viral in the first week with over 20 million views and is now up to almost 50 million.
Not for the first time, big energy companies have been caught spending millions trying to influence UK and European policy, including greenhouse gas regulations.
The extent of the lobbying by the world’s largest companies listed in the FTSE 100 was revealed in The Times this weekend.
Shell and BP are the biggest spenders of all FTSE 100 companies, collectively spending around £6 million over the past two years.
That includes spending on “intense lobbying” of “recent emissions legislation”, according to an analyst from transparency campaign group Corporate Europe Observatory, which spoke to The Times.