Nigerians can bring claims against Shell in UK, supreme court rules

Ogale and Bille villagers say Shell oil operations have caused severe pollution including to their drinking water

Two Nigerian communities can bring their legal claims for a cleanup and for compensation against the oil company Shell and its Nigerian subsidiary in an English court, supreme court judges have said.

In what lawyers said was a “watershed moment” for the accountability of multinational companies, on Friday the court overturned a decision by the court of appeal, and ruled that the cases against Shell could proceed.

Continue reading...

Mining giant Glencore faces human rights complaint over toxic spill in Chad

Dozens of villagers, including children, claim they suffered severe burns and sickness after contact with contaminated water

The UK government has accepted a human rights complaint against mining and commodities giant Glencore regarding a toxic wastewater spill in Chad, where dozens of villagers – among them children – claim they suffered severe burns, skin lesions and sickness after contact with contaminated water.

The complaint, brought by three human rights groups on behalf of affected communities, alleges environmental abuses and social engagement failures by the FTSE-100 company in relation to two spillages, the wastewater spill and an alleged oil spill, both in 2018.

Continue reading...

Alberta leader says Biden’s move to cancel Keystone pipeline a ‘gut punch’

Environmental groups in Canada applaud decision, but country’s western provinces left in disbelief

Joe Biden’s move to cancel a controversial pipeline project has hit Canada like “like a gut punch”, according to one political leader, and left the country to weigh the future prospects of its ailing oil and gas industry.

On 20 January, one of the US president’s first executive orders was to reverse approval of the Keystone XL pipeline, making good on a campaign promise to kill the project as part of a broader strategy to address the climate crisis.

Continue reading...

UK urged to follow Denmark in ending North Sea oil and gas exploration

Britain’s credibility as climate champion rests on bold and urgent action, say campaigners

Britain must end all oil and gas extraction in the North Sea as a matter of urgency if it is to maintain its position as a credible climate champion. That was the stark warning issued by green campaigners yesterday in the wake of last week’s decision by Denmark to halt its exploration for new North Sea reserves as part of its commitment to cut carbon emissions and tackle climate change.

The Danish decision is an embarrassment for Boris Johnson who announced last week that Britain would take a lead in the battle against global heating by cutting national carbon emissions by 68% by 2030, a rate faster than any other major economy.

Continue reading...

Denmark to end new oil and gas exploration in North Sea

Decision as part of plan to phase out fossil fuel extraction by 2050 will put pressure on UK

Denmark has brought an immediate end to new oil and gas exploration in the Danish North Sea as part of a plan to phase out fossil fuel extraction by 2050.

On Thursday night the Danish government voted in favour of the plans to cancel the country’s next North Sea oil and gas licensing round, 80 years after it first began exploring its hydrocarbon reserves.

Continue reading...

Things are looking up for oil, but Opec can’t uncross its fingers just yet

Despite good vaccine news and price rises, the cartel could still meet a few bumps in the road – some of them of its own making

When oil ministers from the world’s largest fossil-fuel nations meet via webcam this week to make decisions about the global oil market in 2021, they could be forgiven for indulging in a little early festive cheer.

Oil prices have more than doubled since tumbling below $20 a barrel and hitting 21-year lows during “black April” – when Covid restrictions brought major economies to their knees, and caused what is thought to have been the worst month in the history of the oil industry.

Continue reading...

Stock market rally pushes Dow Jones to record high of 30,000

  • Dow rallies by 450 points to close above 30,000 for first time
  • Investors cheer hopes of vaccine and smooth Biden transition

The Dow Jones Industrial Average has topped the 30,000 mark for the first time as financial markets around the world rally amid hopes for a coronavirus vaccine and smooth transition to a Joe Biden presidency.

The landmark for the Wall Street market comes as investors bet rapid medical advances will bring the Covid outbreak to an earlier end than feared, paving the way for a swift economic rebound next year as business activity returns closer to normal and tough government restrictions are relaxed.

Continue reading...

Chad halts lake’s world heritage status request over oil exploration

Exclusive: African state says it has agreements with oil companies in Lake Chad area

Chad has asked to suspend an application for world heritage site status for Lake Chad to explore oil and mining opportunities in the region, it can be revealed.

In a letter leaked to the Guardian, Chad’s tourism and culture minister wrote to Unesco, the body which awards the world heritage designation, asking to “postpone the process of registering Lake Chad on the world heritage list”.

Continue reading...

I lived the climate crisis every day of my childhood. This November, I’ll vote on it | Jessica Díaz Vázquez

Chemical headaches, plant sirens – these were the constant background to my home and school life. My community is on the climate frontline

My teacher first taught me about global warming in the third grade. She explained how an increase in greenhouse gases increased the amount of heat that could be trapped in our atmosphere. We discussed how climate change is melting the ice caps polar bears call home, leading to their extinction. We didn’t discuss how the climate crisis was already at our homes.

I grew up with the smell of freshly made salsa from chiles picked from our backyard garden, the bright colors of fruit gifted to us by neighbors, and the sound of off-key singing to Joan Sebastian and Selena Quintanilla. At school, my friends and I slipped between English and Spanish, moving between the topics of our English essay to la quinceañera de nuestra mejor amiga with ease. But looming over my vibrant community was, and is, the fossil fuel industry.

Continue reading...

Erdoğan warns Macron: ‘Don’t mess with Turkey’

Turkish leader hits back after criticism from French president over warship deployment

The Turkish president, Recep Tayyip Erdoğan, on Saturday warned his French counterpart, Emmanuel Macron, “not to mess” with Turkey, as tensions between the Nato allies escalated.

“Don’t mess with the Turkish people. Don’t mess with Turkey,” Erdoğan said during a televised speech in Istanbul on the 40th anniversary of the 1980 military coup.

Continue reading...

‘War on plastic’ could strand oil industry’s £300bn investment

Major oil firms plan to grow plastic supply to counter impact of shift against fossil fuels

The war on plastic waste could scupper the oil industry’s multi-billion dollar bet that the world will continue to need more fossil fuels to help make the petrochemicals used in plastics, according to a new report.

Major oil companies, including Saudi Aramco and Royal Dutch Shell, plan to spend about $400bn (£300bn) to help grow the supply of virgin plastics by a quarter over the next five years, to compensate for the impact of electric vehicles and clean energy technologies on demand for fossil fuels.

Continue reading...

Norway plans to drill for oil in untouched Arctic areas

Critics say plan for fields off Svalbard threatens ecosystem and relations with Russia

Norway is planning to expand oil drilling in previously untouched areas of the Arctic, a move campaigners say threatens the fragile ecosystem and could spark a military standoff with Russia.

A public consultation on the opening up of nine new Norwegian oilfields closed on Wednesday. The areas in question are much further north in the Arctic than the concessions the US president, Donald Trump, announced for Alaska this month.

Continue reading...

Crews prepare to sink Mauritius spill ship despite opposition

MV Wakashio has split in two and leaked 1,000 tonnes of oil into the water since it ran aground

Salvage crews were preparing to sink a Japanese-owned ship that ran aground off Mauritius, despite opposition from environmental campaigners.

The MV Wakashio broke into two on Saturday, almost three weeks after hitting a reef and spilling 1,000 tonnes of oil into idyllic waters full of marine life.

Continue reading...

UN-supported Libya government and rival authority call ceasefire

Development raises hopes of political solution as both sides call for end to oil blockade

Libya’s UN-supported government has announced a ceasefire across the oil-rich country and called for the demilitarisation of the strategic city of Sirte, which is controlled by rival forces.

In a separate statement Aguila Saleh, the speaker of the rival House of Representatives in the east, also called for a ceasefire. The announcements came amid fears of an escalation in the more than nine-year-old conflict.

Continue reading...

Grounded carrier off Mauritius breaks apart risking ecological disaster

Battle is on to remove fuel oil from Japanese vessel the MV Wakashio as weather worsens

A Japanese bulk carrier that ran aground on a reef in Mauritius last month threatening a marine ecological disaster around the Indian Ocean island has broken apart, authorities said on Saturday.

The condition of the MV Wakashio was worsening early on Saturday and by early afternoon, it had it split, the Mauritius National Crisis Committee said.

Continue reading...

Seven top oil firms downgrade assets by $87bn in nine months

Thinktank says changes to forecasts reflect accelerated shift away from fossil fuels

The world’s largest listed oil companies have wiped almost $90bn from the value of their oil and gas assets in the last nine months as the coronavirus pandemic accelerates a global shift away from fossil fuels.

In the last three financial quarters, seven of the largest oil firms have slashed their forecasts for future oil market prices, triggering a wave of downgrades to the value of their oil and gas projects totalling $87bn.

Continue reading...

European banks urged to stop funding oil trade in Amazon

Indigenous people in headwaters region say financing harms communities and ecosystems

Indigenous people living at the headwaters of the Amazon have called on European banks to stop financing oil development in the region, as it poses a threat to them and damages a fragile ecosystem, after a new report found $10bn in previously undisclosed funding for oil in the region.

The headwaters of the Amazon in Ecuador and Peru are home to more than 500,000 indigenous people, including some who choose to live in voluntary isolation. The area, covering about 30m hectares (74m acres), hosts a diverse rainforest ecosystem, but it is threatened by the expansion of oil drilling.

Continue reading...

Stock markets boom as hopes rise for US economic stimulus and Covid-19 vaccine

S&P edges towards all-time record with oil prices and hospitality stocks rising as investor optimism rebounds

US stock markets moved closer to record highs on Tuesday after investors bet on a fresh round of government spending to lift the economy and counter the effects of the Covid-19 pandemic.

The S&P 500, seen as the broadest measure of US investor sentiment, raced to a 10-point gain by mid afternoon to leave it just 16 points short of the all-time high reached in February.

Continue reading...