Tag Archives: Shell

Shell ceased operations in the Arctic

By Roy L Hales

In what some are calling a people’s victory and others a case of diminutive financial prospects, Shell is pulling out of the Arctic. They drilled to a total depth of 6800 feet this summer,  but did not find sufficient oil and gas to warrant continuing. Shell ceased operations in the Arctic and “will continue to de-mobilize people and equipment from the Chukchi Sea.”

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Lux Research on the Lucrative World of the LNG Industry

By Roy L Hales

 Though the volume of trade has doubled during the past decade, it has been held back by the need for a developed infrastructure. Cryogenic tankers and liquefaction trains are needed to ship LNG. Regasification terminals are needed to receive it. This is an enormous outlay. There are currently $120 billion worth of approved/projects in North America. The latest Lux Research Paper peers into the lucrative world of the LNG industry.
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Preparing For The Carbon Bubble

by Roy L Hales

Business as usual is no longer a viable option for the fossil fuel industry. At the present rate of consumption, the World is heading towards a 6°C rise in global temperatures. Fossil fuel companies should be preparing for the carbon bubble, rather than exposing their investors to financial and climate risk.
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Does BC Really Need A Fracking Dam on Site C?

By Roy L Hales

One of the first questions that needs to be addressed, in regard to the proposed dam at site C on the Peace river, is why BC needs to be embark upon a $7.9 billion project at this time.
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Anti-Fracking Legislation to wait another year

By Roy L Hales

The California Assembly will not pass “Anti-Fracking” legislation this year.  One of the most promising bills meant to curtail it, AB-1323, went down to defeat (24-37, with 18 votes not cast) and two others (AB-1301 and AB-649) have been held back in Appropriations until next year. Continue reading Anti-Fracking Legislation to wait another year