From Logic Magazine: Despite the climate crisis, Big Oil is doubling down on fossil fuels. At over 30 billion barrels of crude oil a year, production has never been higher. Now, leading oil companies are forging a lucrative partnership with tech giants like Microsoft, building a new carbon cloud that just might kill us all.
oil & gas
Oil. The 20th century was shaped by it. The 21st century is moving beyond it. But who gave birth to the oil industry? What have they done with the immense wealth and power it granted them? And what are they planning to do with that power in a post-carbon world? The Corbett Report finds out.
Ethnic differences have been widely considered the cause of the Rohingya genocide. However, these reports show that the killings and forced displacement of several of Myanmar’s minority communities may also be fuelled by global corporations’ growing interest in the Rakhine’s mineral wealth, and the competing geopolitical interests of the United States, China, India and Bangladesh.
With the U.S. and Russia headed for a direct confrontation in Syria, the war in that country is moving a new, more dangerous phase. The Syrian war often seems like a big confusing mess but one factor that’s not often mentioned could be the key to unlocking the conflict: the struggle to control energy markets.
The 2016 edition of BP’s authoritative Statistical Review of World Energy offers some startling revelations. According to the report, India’s share in global coal consumption exceeded 10% in 2015, for the first time ever, while its oil consumption too set an all-time record. India also registered the largest increase in carbon emissions from energy use.
Vice News Mexico’s notoriously violent drug cartels are diversifying. Besides trafficking narcotics, extorting businesses, and brutally murdering their rivals, cartels are now at work exploiting their country’s precious number one export: oil. Every day as many as 10,000 barrels of crude oil are stolen from Mexico’s state-run oil company, Pemex, through precarious illegal taps, which