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Articles on Oil industry

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Active oil wells can often be found next door to homes, office buildings and even schools. David McNew/Getty Images

LA’s long, troubled history with urban oil drilling is nearing an end after years of health concerns

The Los Angeles area has over 20,000 active, idle or abandoned oil wells. The city and county have voted to ban new ones after studies showed health problems in residents living nearby.
A pumpjack draws out oil and gas from a well head near Calgary in October 2022. There are thousands of inactive oil and gas wells in the province that have not been properly decommissioned. THE CANADIAN PRESS/Jeff McIntosh

Despite soaring profits, oil companies are not paying enough for their environmental damage

The Alberta government is failing to ensure environmental liabilities are adequately accounted for and that progress is being made to address the province’s massive tailings ponds.
More countries are discouraging fossil fuel use, but the industry is still pumping. Leonard Ortiz/MediaNews Group/Orange County Register via Getty Images

Who really owns the oil industry’s future stranded assets? If you own investment funds or expect a pension, it might be you

A study found $1.4 trillion in oil and gas industry assets would be at risk if governments follow through on their pledges to deal with climate change.
The threat of expensive payouts may already be having an effect. Tom Stoddart/Getty Images

How treaties protecting fossil fuel investors could jeopardize global efforts to save the climate – and cost countries billions

A new study adds up the potential legal and financial risk countries could face from hundreds of agreements, like those under the Energy Charter Treaty.
Most carbon dioxide captured in the U.S. today is used to extract more oil. Citizens of the Planet/Education Images/Universal Images Group via Getty Images

Why the oil industry’s pivot to carbon capture and storage – while it keeps on drilling – isn’t a climate change solution

Most carbon dioxide captured in the U.S. today is used to extract more oil. Two scholars point to another way: biological sequestration.
The oil industry was aware of the risks of climate change decades ago. Barry Lewis/InPictures via Getty Images

What Big Oil knew about climate change, in its own words

Transcripts and internal documents show how the industry shifted from leading research into fossil fuels’ effect on the climate to sowing doubt about science.
Conservative Leader Erin O'Toole holds his first news conference as leader on Parliament Hill in Ottawa in August 2020. THE CANADIAN PRESS/Sean Kilpatrick

The risk of ‘peak oil demand’ for Canada’s Conservatives

Recent industry reports indicate that we may be approaching peak global demand for oil. If that’s the case, the federal Conservatives may need to rethink their electoral strategy.

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