Bank of America

Thu, 2012-10-04 20:13Graham Readfearn
Graham Readfearn's picture

From Kermit to Coal, Book Reveals How World's Top Brands Greenwash The Public

“I GUESS it is easy being green,” said Kermit the Frog as he bounced around a Ford Escape Hybrid in a 2006 television ad campaign.

During the ad, Kermit displayed his innate talent for not blinking which, it has to be said, is due essentially to his congenital lack of eyelids.

But had Kermit blinked, he would have missed the small print at the bottom of the ad which showed that at the time, this “green” vehicle had a fuel consumption slightly worse than the US average.

But that seems to be the rule when it comes to claims of climate-friendliness made by some of the world's biggest brands.

Check the small print, and the responsible green hue soon fades to something resembling bullsh*t-brown (or whatever color denotes hypocrisy). At least that's the conclusion after reading Australian author and researcher Guy Pearse's latest book. Pearse spent close to four years immersing himself in some 3000 TV commercials and viewing about 4000 print and web adverts, all of which make claims of climate friendliness (I disclose here that I had a small paid role as a fact-checker on the book).

After checking the brand's actual contribution to climate change (or their lack of transparency) in more than 700 company reports, Pearse finds in Greenwash: Big Brands and Carbon Scams that the green revolution is being either grossly overblown or faked.

Fri, 2011-11-18 05:15Steve Horn
Steve Horn's picture

ExxonMobil and Shell Eyeing North American LNG Export Deals

Yesterday, LNG World News reported that ExxonMobil Vice President Andrew Swiger announced, at a conference hosted by Bank of America Merrill Lynch, that it was actively seeking LNG (liquefied natural gas) export terminals throughout North America, including, but not limited to, in British Columbia and on the Gulf Coast.

In terms of exports from North America, whether it is the Gulf Coast or whether it is Western Canada, it’s something we’re actively looking at,” said Swiger.

So, where are these prospective export terminals located, what are the key pipelines carrying the unconventional gas produced from shale basins, and what are the key shale basins in the mix? Hold tight for an explanation.

Golden Pass LNG Terminal and Golden Pass Pipeline

The LNG World News article explains that ExxonMobil “has a stake in the Golden Pass LNG Terminal in Texas,” but does not explain exactly what the “stake” is.

A bit of research shows that ExxonMobil is a 17.6% stakeholder in the Golden Pass LNG Terminal, according to a March 2011 article publshed by Platts. It is co-owned by ConocoPhillips and Qatar Petroleum, who own a 12.4% and 70% stake in Golden Pass LNG, respectively.

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