Blogposts tagged 'Fairpensions'

Tar sands is the dirtiest oil there is - Are you investing in it?

Posted by christian - 15 March 2010 at 11:53am - 1 Comment

You probably won't be too shocked to hear that BP
and Shell are developing even dirtier ways to profit from oil extraction.

What you might not know is that our pension money is being invested in the companies that are developing 'tar sands' - the dirtiest oil available. But that's the surprising heads-up from top ethical investment campaigners FairPensions.

Article tagged as: BP, climate change, ethical investment, fairpensions, shell, tar sands

Read more

Clouds on the horizon for tar sands?

Posted by christian - 15 February 2010 at 1:52pm - 6 Comments

Canada before and after tar sands extraction. Producing tar sands oil is also at least three time more carbon intensive than making normal crude. © Jiri Rezac / WWF-UK

Some dirty oil news bubbled up over the weekend, as big oil companies including Shell and BP mobilise to try and stop tar sands oil being banned from the sixth largest economy in the world.

That would be California, personal fiefdom of 'surprisingly green governor' Arnie Schwarznegger. In an effort to cut vehicle emissions 10 per cent by 2020, he has brought in laws that require a cut in the carbon content of fuels sold in the state. "Our cars have been running on dirty fuel for too long," intoned Arnie, in his rich Austrian accent.

Article tagged as: BP, climate change, fairpensions, oil, shell, tar sands