Chevron is first oil major to warn investors of risks from climate change lawsuits

Big Oil’s lies about the existential risk posed by its product are now catching up with the industry and threatening profits. For the first time, one of the major publicly owned fossil fuel companies admitted publicly to investors that climate change lawsuits poses a risk to risk to its profits. You’re probably thinking that seems

Canada’s oil industry ponders its fate as the threat of electric cars looms in the rearview mirror

CALGARY – Canada’s energy industry gathered at a petroleum museum Monday to consider how electric cars threaten oil, the country’s biggest export, especially if battery-powered cars make up 50 per cent of vehicles on the road by 2050 as projected. Peter Tertzakian, executive director of ARC Energy Research Institute — which organized the event —

Exxon Caves to Oil Crash With Historic Global Reserves Cut

International oil giant wipes 3.3 billion barrels from books Entire Kearl oil-sands project in western Canada de-booked Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of a $16 billion oil-sands investment and other North American assets. The equivalent of