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Total tax received from the North Sea oil and gas sector 1968-2017, not adjusted for inflation. Includes petroleum revenue tax, ringfence corporation tax, supplementary charge, royalty and gas levy. Figure for 2016-17 covers 11 months to February 2017. So

North Sea oil industry cost UK taxpayers £400m last year, and counting

Simon Evans / Carbon Brief

5th April 2017

The whole idea of North Sea oil was to make Britain rich, writes Simon Evans. At least that's how it all began. But now ... it cost UK taxpayers a massive £396 million a year in tax breaks and subsidies to keep the industry alive last year. And there's no reason to think that's going to turn around any time soon. more...
Where Toshiba's $10bn nuclear debt came from: the Vogtle AP1000 construction site in Georgia, under inspection by NRC Commissioner Svinicki. Photo: Nuclear Regulatory Commission via Flickr (CC BY).

Toshiba's nuclear flagship goes bust after $10 billion losses

Jim Green

30th March 2017

News that one of the world's biggest nuclear power constructors, Westinghouse, has filed for bankruptcy in with debts of over $10 billion has put the entire sector on notice and issued a dire warning to nuclear investors everywhere, writes Jim Green. Among the likely casualties: the UK's Moorside nuclear complex in Cumbria. more...
Construction of the Dakota Access Pipeline (Bakken / DAPL) near New Salem, North Dakota, August 2016. Photo: Tony Webster via Flickr (CC BY-NC-SA).

Colonialism, climate change and the need to defund DAPL

Amy Hall

10th April 2017

British firms lie deep at the heart of the Dakota Access Pipeline controversy, writes Amy Hall. Barclays, HSBC and the Royal Bank of Scotland have lent $800m to Energy Transfer Partners and its subsidaries, London-based Commercial Bank of China has loaned $120m, and RBS $250m, while HSBC and Barclays own over $110m worth of shares in project partner Phillips 66. more...
A dirt road near Dinant Corporation's El Tumbador plantation, Honduras, where the corporation is locked into a deadly land war with local campesino communities. Photo: ICIJ via Flickr (CC BY-NC-ND).

World Bank claims 'sovereign immunity' to escape liability for its crimes against humanity

Pete Dolack

23rd March 2017

World Bank projects have left a worldwide trail of evictions, displacements, rapes, murders, forest destruction, greenhouse-gas-belching fossil fuel projects, and destruction of farmland and water sources, writes Pete Dolack. But even as internal reports admit the Bank's wrongdoing, it is asserting its immunity from legal action as terrorised communities seek redress in the courts. more...
Radiation hotspot in Kashiwa following the Fukushima nuclear catastrophe. Photo: Abasaa via Wikimedia Commons (Public Domain).

Fukushima court ruling holds 'reckless' Tepco and government liable

Shaun Burnie / Asia Times

2ist March 2017

A Japanese court has found the government and Tepco culpable for the Fukushima nuclear disaster for failing to act on clear warnings of the dangers of seismic shocks, writes Shaun Burnie. The ruling is sending a shockwave through Japan's 'nuclear village' and may end all prospects of any mass restart of reactors. more...
Fukushima: the third IAEA mission to review Japan's plans and work to decommission the damaged Fukushima Daiichi Nuclear Power Station, February 2015, Tokyo, Japan. Photo: IAEA Imagebank via Flickr (CC BY-NC-ND).

Terminal decline? Fukushima anniversary marks nuclear industry's deepening crisis

Jim Green / Nuclear Monitor

10th March 2017

With the sixth anniversary of the Fukushima disaster falling tomorrow, nuclear lobbyists are arguing over solutions to the existential crisis facing nuclear power, writes Jim Green. Some favour a multinational consolidation of large conventional reactor designs, while others back technological innovation and 'small modular reactors'. But in truth, both approaches are doomed to failure. more...
EDF's 4x900MW Nuclear power plant at Dampierre-en-Burly, commissioned in 1980, will soon turn from a money machine into a monstrous financial drain. Photo: Pymouss via Wikimedia Commons (CC BY-SA).

EDF facing bankruptcy as decommissioning time for France's ageing nuclear fleet nears

Paul Dorfman

16th March 2017

Soon EDF will have to start the biggest, most complex and costliest nuclear decommissioning and radioactive waste management programme on earth, writes Paul Dorfman. But whereas Germany has set aside €38 billion to decommission 17 nuclear reactors, France has set aside only €23 billion to decommission its 58 reactors. When the real costs come in, they could easily bankrupt the company. more...
IAEA technicians examine Unit 4 of TEPCO's Fukushima Daiichi nuclear power station, the only one of four reactors to be stabilised - because it was  defuelled at the time of the earthquake and tsunami. Photo: IAEA Imagebank via Flickr (CC BY-SA).

Fukushima catastrophe unfolds ... key facts and figures for an unhappy sixth anniversary

L'ACROnique de Fukushima & Hervé Courtois

10th March 2017

The 2011 Fukushima catastrophe is an ongoing disaster whose end only gets more remote as time passes. The government is desperate to get evacuees back into their homes for the 2020 Tokyo Olympics, but the problems on the ground, and in the breached reactor vessels, are only getting more serious and costly, as unbelievable volumes of radiation contaminate land, air and ocean. more...
Fossil fuels are already a huge money pit for US taxpayers, costing them $170 billion a year. Photo: open pit coal mine in West Virginia by Elias Schewel via Flickr (CC BY-NC-ND).

Trump, think again! US subsidies for fossil fuels are already worth $170 billion a year

Radek Stefanski, University of St Andrews

2nd March 2017

We must not let President Trump's vocal support for the US fossil economy eclipse the dismal record of his predecessors, writes Radek Stefanski. Under Clinton, Bush and Obama fossil fuels subsidies reached $170 billion per year, pushing up US emissions by some 11% - and that's the real problem we have to solve. more...
The 'pro-science' chemical industry boosters have a guilty secret: they are funded by the same 'anti-science' right-wing foundations that finance climate change denialism. Photo: Sucralose packaging by Mike Mozart via Flickr (CC BY).

Propaganda wars: 'pro-science' GMO, chemicals boosters funded by climate change deniers

Stacy Malkan

28th February 2017

They promote GMOs, defend toxic chemicals, and attack people who raise concerns about those products as 'anti-science'. But behind the slick 'astroturf' PR fronts lurk some very dubious funders: the same arch-conservative foundations that finance climate science denial. Stacy Malkan exposes the key players in the agribusiness and chemical industry propaganda wars. more...
Wind and solar power at work on the Westmill Cooperative Open Day 2015. Photo: Richard Peat via Flickr (CC BY-NC-ND).

Budget 2017 - wind and solar are essential to combat climate change!

Ervin Bossanyi

1st March 2017

David Cameron's Conservative government did its best to kill off the UK's lowest-cost renewable energy technologies, onshore wind and solar. But in next week's budget, the Chancellor can put that right. Renewables are low carbon, quick to deploy, have low environmental impacts, and enjoy high public support, writes Ervin Bossanyi. It's time to give them a break! more...
The nuclear dream is turning into a nightmare! EDF's Cattenom 5.5 GW nuclear plant in Lorraine, France, built on the border with Luxembourg. Photo: Matthieu Nioufs via Flickr (CC BY-NC-ND).

'Picking losers' - UK must not risk taxpayers' billions on failed nuclear dream

David Toke

27th February 2017

With the world's leading nuclear corporations facing bankruptcy due to ever escalating costs, 'unconstructable' reactor designs and financing risks, there's an easy way to finance the UK's new nuclear power stations, writes David Toke: pin the cost onto taxpayers. As for schools, hospitals, pensions, housing, social care and other public services, who needs 'em? more...

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Photo: takomabibelot via Flickr (Public Domain).

Trump's multi-trillion dollar fraud on America: 'public-private' infrastructure partnerships

Pete Dolack / Systemic Disorder

23rd February 2017

Donald Trump's scheme to rebuild US infrastructure could be among the world's greatest ever financial heists, writes Pete Dolack. He has chosen the most expensive, anti-democratic way to do the job, through the mass privatization of priceless public assets - sticking users and taxpayers for exorbitant charges for decades to come, while banks and speculators reap the profits. more...
Imposing, moi? Photo of the Sellafield nuclear complex by Dafydd Waters via Flickr (CC BY-NC-ND).

Copeland by-election: opposing nuclear power, and voting Green, is the only rational choice

Jack Lenox / Green Party

17th February 2017

All but one of the candidates in next week's Copeland by-election are backing a massive new nuclear power station in the constituency that would cost us tens of billions of pounds. Only the Green Party's Jack Lenox is resisting the spin, hypocrisy and outright lies that his rivals have swallowed whole. Here he explains why this risky, unaffordable white elephant must be scrapped. more...
The Sellafield nuclear complex in Cumbria, next to which the 3-reactor Moorside nuclear project is planned. Photo: Bellona Foundation via Flickr (CC BY-NC-SA).

Keep UK taxpayers off the hook for Moorside nuclear black hole!

Doug Parr / Greenpeace Energydesk

14th February 2017

The main company due to build UK's 'flagship' nuclear power project at Moorside in Cumbria is on the ropes, writes Doug Parr, thanks to its multi-billion dollar nuclear losses on in the US. The obvious solution, (almost) all our politicians insist, is to ignore cheaper, faster, cleaner renewables, and make the taxpayer pick up the cost of yet another nuclear white elephant. more...
Opposing TISA: Global Trade in Services Strategy Meeting, October 2014. Photo: Public Services International via Flickr (CC BY-NC).

TPP and TTIP are not dead: now they're called the Trade In Services Agreement

Pete Dolack

9th February 2017

If there's one good thing about Trump, it's that he has put an end to the TPP and TTIP trade deals, right? Don't celebrate yet, writes Pete Dolack. There's another 'trade deal' waiting in the wings, TISA, and negotiators have been busy expanding its remit to include huge parts of TPP and TTIP, while giving free rein to the global behemoths of internet and finance to expand their monopolies. more...
The disastrous Okiluoto 3 EPR reactor under construction in Finland. The project is taking twice as long to complete, and costing twice as much, as promised. Photo: BBC World Service via Flickr (CC BY-NC).

Time and money run out for nuclear revival

Paul Brown

17th January 2017

The nuclear industry faces an uncertain future as the reactor building boom is struck by unexpected costs, serious technical problems, and long, expensive delays, writes Paul Brown. Meanwhile renewables like wind and solar are offering investors an enviable combination of falling cost, low risk, fast build times, predictable returns and minimal long term liabilities. more...
Blazing a trail? The Ivanpah Solar Electric Generating System - a concentrated solar thermal plant in the California Mojave Desert SW of Las Vegas - has a capacity of 392 MW. Photo: Ken Lund via Flickr (CC BY-SA).

Never mind Trump - the global energy transition is racing forward

Jeremy Leggett

3rd January 2017

As the new year begins, the global clean energy transition is progressing much faster than most people realise, and is probably irreversible, writes Jeremy Leggett. President-elect Trump's prospects of revitalising the US coal industry, and giving the oil and gas industry the expansionist dream ticket it wants, are very low. more...
The European Central Bank in Frankfurt. Photo: Gideon Benari / www.solvencyiiwire.com via Flickr (CC BY).

ECB's 'quantitative easing' funds fossil fuels, arms, cars and climate change

Corporate Europe Observatory

14th December 2016

What kind of companies is the European Central Bank supporting by buying €46 billion of their bonds under its QE programme? Research by Corporate Europe Observatory reveals a strong preference for oil, gas, tar sands, dirty power generation, armaments, aviation, airports, car makers, motorways, luxury goods and gambling. Our sustainable be future be damned! more...
The £740 million box: the 27 metre high Evaporator D module being lifted vertically into place from the horizontal, transportation position. Photo: Sallafield Sites.

Nuclear plundering of the public purse - the Sellafield and Moorside billions

Martin Forwood

13th December 2016

While the government is cutting vital public expenditure across the board there's one industry for which no costs are too great, writes Martin Forwood. The price of an 'evaporator' at the Sellafield nuclear complex is escalating towards £1 billion, while billions more of taxpayer finance are being lined up to finance cooling systems, power lines and transport links for the adjacent Moorside new-build nuclear power plant. more...
EDF's Cruas nuclear complex in  Rhône-Alpes, France, where two reactors have been out of action this autumn due to safety concerns. Photo: jan buchholtz via Flickr (CC BY-NC-ND).

French taxpayers face huge nuclear bill as EDF financial crisis deepens

Paul Brown

8th December 2016

Nuclear giant EDF could be heading towards bankruptcy, writes Paul Brown, as it faces a perfect storm of under-estimated costs for decommissioning, waste disposal and Hinkley C. Meanwhile income from power sales is lagging behind costs, and 17 of its reactors are off-line for safety tests. Yet French and UK governments are turning a blind eye to the looming financial crisis. more...

The Big Shift: Why the banks need to stop investing OUR money in fossil fuels

Joe Ware

7th December, 2016

The world's poorest and most vulnerable countries are doing their bit to promote the expansion of renewable energy. The least we can do in the developed world is to ensure the money in our bank account helps rather than hinders their efforts, writes JOE WARE more...
Solar roof at Moor Hall Primary School, Sutton Coldfield, completed on 1st November 2012. But with government policy changes and now a new 'solar tax' on commercial property installations including schools, there's no longer much to celebrate. Photo: Birm

Chancellor - stop the solar tax hike!

Solar Trade Association

5th December 2016

Next April the UK government proposes to increase taxes on self-consumed solar electricity installations on schools, offices, warehouses and factories by a whopping 6-8 times, write the STA and undersigned. This inexplicable move, which threatens a once thriving solar industry already on its knees, must be abandoned. more...
A recent demonstration in the British Museum to denounce BP's sponsorship. Photo: Kristian Buus / Art Not Oil.

In the age of Trump, Big Art must cut off Big Oil!

Chris Garrard

29th November 2016

With Trump denying climate change and threatening to reject the Paris Agreement, it's more important than ever for society to hold a firm ethical line, writes Chris Garrard. The last thing we need is our most revered museums and galleries muddying the water by courting the sponsorship of leading climate criminals. more...
Hunger: a street-dweller in New Delhi, India. Photo: johnjodeery via Flickr (CC BY).

India's 'economic miracle' is built on debt, dispossession and now, monetary destruction

Colin Todhunter

30th November 2016

After two decades of neoliberalism, India's magnates and corporations are profiting as never before, writes Colin Todhunter. But the entire economic edifice is built on the dispossession of the poor, locked into debt servitude, and ever rising income inequality. Prime Minister Modi's latest move, 'demonetization', is yet another example of the state stealing from the poor to give to the obscenely rich. more...
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