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Policy news & blueprints for the transition to a new Sustainable and Social Economy
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Latest Shell Debacle in Alaska Part of a Larger Pattern of Risk and Failure

Latest Shell Debacle in Alaska Part of a Larger Pattern of Risk and Failure | The Great Transition | Scoop.it
Shell Oil’s string of failures in its Arctic Ocean drilling attempts continued into the New Year. One of the company's drill rigs ran aground near Alaska’s Kodiak Island with 150,000 gallons of diesel fuel and other petroleum products onboard.  In...
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The latest Shell accident demonstrates how desperate the old fossil fuel giants have become and how their quest for extreme energy will end in financial disaster. Where are the sane shareholders of these companies who do not buy their fairy tales of new oil riches?

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UK Environmental Audit Committee publishes report on Protecting the Arctic

UK Environmental Audit Committee publishes report on Protecting the Arctic | The Great Transition | Scoop.it

The UK's Parliamentary committee calls for a halt to oil drilling in the Arctic until some very strict rules are in place.

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The Frozen Frontier: Is Shell Ready For The Risks Of Arctic Drilling? - Forbes

The Frozen Frontier: Is Shell Ready For The Risks Of Arctic Drilling? - Forbes | The Great Transition | Scoop.it
A new report by Ceres shows that oil and gas companies are not doing enough to manage offshore drilling risks and disclose their efforts to investors.

 

Forbes is one of the few media paying attention to this interesting new report on offshore and Arctic drilling for oil and gas.

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New report: Arctic Opening: Opportunity and Risk in the High North

"Rapid and disruptive change in the Arctic environment presents uneven prospects for investment and economic development. All across the Arctic, changes in climate will create new vulnerabilities for infrastructure and present new design challenges."

 

Excellent new report on the challenges in the Arctic by UK think tank Chatham House.

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Xena, the warrior queen takes on Shell

Xena, the warrior queen takes on Shell | The Great Transition | Scoop.it

Actress Lucy Lawless has joined Greenpeace activists to fight "extreme oil" company Shell for it plans to drill three exploration oil wells in the Arctic.

 

I guess she will find out soon that the dark forces of the real world are a lot harder to beat.

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The Oil That Comes in from the Cold

The Oil That Comes in from the Cold | The Great Transition | Scoop.it
Thanks to soaring oil prices and new technology, oil producers in the hot sands of Arabia, the torrid Niger delta or the humid plains of the Orinoco are facing new competition from rivals in the frozen North.

 

Excellent article in IPS on the new oil exploration under the Arctic ocean and the environmental and climate risks of this extreme oil.

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The Arctic Is Poised To Be Oil's Final Frontier - Seeking Alpha

An investor's view on drilling for oil in the Arctic. It is the "equivalent of adding two Saudi Arabias to global reserves. Question from the doom and gloomer: how many Saudi Arabia's does the world need to find to compensate for the declines of existing fields and how many tonnes extra carbon emissions will be spewed into the atmosphere when we burn all that Actic oil?

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Total warns against oil drilling in Arctic

Total warns against oil drilling in Arctic | The Great Transition | Scoop.it
Total SA says energy companies should not drill for crude in Arctic waters, marking the first time an oil major has publicly spoken out against offshore oil exploration in the region.

 

This is not the first time Christophe de Margerie has the futs to speak against the narrative of other oil companies. Does he have a hidden agenda or is he seriously concerned?

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L'Arctique, terre promise pour les compagnies pétrolières ?

"... la part des hydrocarbures en provenance du Grand Nord dans la production énergétique mondiale devrait sensiblement baisser d'ici à 2050, estiment le Bureau central de statistique et le Centre de recherches sur le climat norvégiens, dans une nouvelle étude publiée dans la revue Energy Economics."

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The melting north

The melting north | The Great Transition | Scoop.it

"The shrinkage of the sea ice is no less a result of human hands than the ploughing of the prairies. It might even turn out as lucrative. But the costs will also be huge. Unique ecosystems, and perhaps many species, will be lost in a tide of environmental change. The cause is global pollution, and the risks it carries are likewise global. The Arctic, no longer distant or inviolable, has emerged, almost overnight, as a powerful symbol of the age of man."

 

Very good piece in the Economist about the opportunities and dangers of the melting Arctic.

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Arctic oil rush will ruin ecosystem, warns Lloyd's of London

Arctic oil rush will ruin ecosystem, warns Lloyd's of London | The Great Transition | Scoop.it
Insurance market joins environmentalists in highlighting risks of drilling in fragile region as $100bn investment is predicted...

 

Will oil companies take heed? No chance, I am afraid.

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Is the Arctic really a geopolitical flashpoint of the future?

Is the Arctic really a geopolitical flashpoint of the future? | The Great Transition | Scoop.it
The region is rich in oil, gas and minerals – but that does not necessarily mean there will be a geopolitical tug of war over the abundant natural resources, argues think-tank...
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Is the European Union Missing Another Window of Opportunity for Arctic Energy Resources?

Is the European Union Missing Another Window of Opportunity for Arctic Energy Resources? | The Great Transition | Scoop.it

"The current developments in the Barents Sea can be regarded as both a temporal and structural “window of opportunity” for the development of a privileged energy partnership between the EU and Norway, with obvious advantages for the EU."

 

This interesting article on the Arctic Institute web site makes the case for increased cooperation between Norway and the EU concerning energy and resource policies for the Arctic.

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