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    A Must Read: ”The End of the Fossil Fuel Age”
    Posted on Sunday, August 16, 2015 @ 22:48:47 EDT by vlad

    by Ian Walker (via: Sifferkoll): Big Oil, Saudi Arabia, the merchant banks and markets all think fossil fuel has had its day, a bold statement, where is the evidence for it?

    If you had been taking any notice you would have seen Big Oil have been selling of their Oil Fields and getting out of the oil field asset ownership market since September 2011.
    Is what I am writing true?
    Why would they believe the Fossil Fuel Age has ended?

    It is basic due diligence to find out what the big players are doing. So do a Google search for any oil company name and the phrase ”Oil field” and the words divest or sell. You will see evidence like the following:


    SHELL
    Shell has been on a massive divestment strategy on its oil field assets, from Africa to the Far East since September 2011, though as it was already tracking the Black Swan and has a department specifically tasked with watching this particular Black Swan develop, it knew before the others, it just speeded up its divestment of oil fields as the Black Swan became more visible.

    http://www.thisdaylive.com/articles/official-shell-has-divested-from-eight-oil-fields-in-five-years/189166/

    http://www.hydrocarbons-technology.com/news/newsshell-divests-stake-nigerian-oil-asset

    http://www.ft.com/cms/s/0/9754d97c-2dbe-11e4-8346-00144feabdc0.html

    http://www.telegraph.co.uk/finance/newsbysector/epic/rdsa/8496742/Shell-to-sell-Nigeria-oil-field-stake-for-600m.html

    They accelerated the sales of their oil fields as a certain report from the town of Lugano in Switzerland started doing the rounds in the scientific circles in June July of 2014, more about that later, let us keep on with presenting the researched evidence to support the thesis of this article.

    http://www.ibtimes.co.uk/shell-speeds-nigeria-oilfields-5bn-sell-off-plans-1462810

    Other Fossil Fuel companies have also been on a divestment strategy since September 2011 including:...

    Full article: http://www.sifferkoll.se/sifferkoll/?p=771

     
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    "A Must Read: ”The End of the Fossil Fuel Age”" | Login/Create an Account | 1 comment | Search Discussion
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    Islamic call on rich countries to end fossil fuel use (Score: 1)
    by solaris on Tuesday, August 18, 2015 @ 22:14:29 EDT
    (User Info | Send a Message)
    Islamic environmental and religious leaders have called on rich countries and oil producing nations to end fossil fuel use by 2050.

    The Islamic Climate Declaration says that the world's 1.6bn Muslims have a religious duty to fight climate change.

    It urges politicians to agree a new treaty to limit global warming to 2C, "or preferably 1.5 degrees."

    The Declaration asks Muslims, in the words of the Koran, "not to strut arrogantly on the Earth".

    Full story: http://www.bbc.com/news/science-environment-33972240 [www.bbc.com]



     

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