Extended write up of our latest report: 'Petrostates of Decline' in FT Energy Source, explaining how the #EnergyTransition & declining #oil & #gas revenues 📉 will hit vulnerable #petrostate economies https://www.ft.com/content/4b1c8ecc-c4be-4194-8d08-cfa856001b7b #COP28

California 🇺🇸 has sued 👨‍⚖️ several of the world’s biggest #oil companies, including #ExxonMobil, #Shell & #BP, claiming they deceived the public for decades about how the burning of #FossilFuels is destroying the planet https://www.ft.com/content/3b655443-5721-4524-9e8f-ffbf314b06a7

If you're interested in the shadowy world of shipments of sanctioned #oil, here a good #longread from The Guardian this morning.

for specialists, while offering new examples, it will reveal little unknown about the illicit international oil market.... but if you're relatively new to this issue, it will be a major eye-opener.

Something to muse over while having #breakfast today, perhaps?

https://www.theguardian.com/business/2023/sep/18/how-a-burnt-out-abandoned-ship-reveals-the-secrets-of-a-shadow-tanker-network

There should just be a rule that all profits from any fossil fuel extraction must either be invested in renewables or must go towards paying for adaptation for the poorest. Profits from renewables can be kept, so the shareholders get returns IF they vote for the company to do the right thing. #climate #BPProfits #Oil

Because this is obscene:

“The energy company said its underlying profits reached $5bn (£4bn) in the first three months of the year, outstripping analysts’ forecasts of $4.3bn.”

One thing we know for sure: building and widening highways always succeeds in helping sell more cars, gas and suburban sprawl; burning more public budgets; and increasing GHG emissions. So if those are your goals, it’s the perfect thing to do.

Just don’t expect it to reduce traffic.

Pic/cartoon: André Philippe Côté

#climatechange #Nature #climate #development #gasemissions #cars #car #planet #biodiversity #people #Science #study #photo #ClimateEmergency #climatejustice #Photography #gas #oil