"For everything there is a season, and a time for every matter under heaven" ~ (Ecclesiastes 3:1).

"Seven Sisters" was a common term for the seven multinational oil companies of the "Consortium for Iran" oligopoly or cartel, which dominated the global petroleum industry from the mid-1940s to the mid-1970s. Alluding to the seven mythological Pleiades sisters fathered by the titan Atlas, the business usage was popularized in the 1950s by businessman Enrico Mattei, then-head of the Italian state oil company Eni. The industry group consisted of:

1. Anglo-Iranian Oil Company (now BP)
2. Gulf Oil (later part of Chevron)
3. Royal Dutch Shell
4. Standard Oil Company of California (SoCal, now Chevron)
5. Standard Oil Company of New Jersey (Esso, later Exxon)
6. Standard Oil Company of New York (Socony, later Mobil, now part of ExxonMobil)
7. Texaco (later merged into Chevron)

Preceding the 1973 oil crisis, the Seven Sisters controlled around 85 percent of the world's petroleum reserves.[4] Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies in emerging-market economies, such as Saudi Aramco, Gazprom (Russia), China National Petroleum Corporation, National Iranian Oil Company, PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). In 2007, the Financial Times called these "the new Seven Sisters". - Wiki

The Dirty Truth About Oil

...and now that time has come

The World Bank Will Stop Fossil Fuel Financing Beginning in 2019

The World Bank announced its plan to discontinue its financing of upstream oil and gas projects in 2019. The announcement came at the One Planet summit and on the two-year anniversary of the Paris Climate Agreement.

In a move sure to be celebrated by opponents of fossil fuel-based energy, the World Bank has just made a huge announcement at the One Planet summit called by French President Emmanuel Macron. The bank, which provides loans to developing countries to foster economic growth, announced on December 12 that it will no longer offer financial support for oil and gas exploration after 2019.
During the summit, the bank released a statement saying it “will no longer finance upstream oil and gas,” citing a need to change in a “rapidly changing world.” In 2015, the bank previously vowed to have 28% of its portfolio dedicated to climate action by 2020. The bank’s latest statement on fossil fuel financing suggests that it is on course to achieve that goal.

“You can resist an invading army; you cannot resist an idea whose time has come.”

~ Victor Hugo

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