Energy transition

The European Commission (EC) has come under fire for trying to weaken the EU’s Emissions Trading System (EU ETS) following pressure from heavy industry and some Member States alike. Yet the jury is still out on how far the proposed changes really go and what the final outcome will be when EU legislators try to hammer out a final deal this autumn and winter.

Israeli energy firm Navitas plans to take a final investment decision this year on whether to move ahead with an oil-for-peatlands restoration concept in the Falkland Islands.

The new parliament that will emerge from the election could bring new challenges for the bloc’s energy policy, putting the future of the EU Green Deal in doubt.

The move comes as experts warn of a growing “reputational risk” for institutions like Cambridge University if they collaborate with oil and gas companies.

A recently filed lawsuit alleges that a Colorado firm loaded up its clean-up liabilities onto another shell company that was designed to fail, saddling landowners and taxpayers with old polluting oil and gas wells.

Lack of progress in breaking ground on new projects, coupled with a challenging regulatory environment for Asian renewables, is hindering the region’s progress, the report said.

California has expanded solar capacity for years. But the recent scaling up of battery storage is forcing more gas off the grid.

The U.S. Supreme Court shot down Trump’s use of tariffs. What does that mean for the LNG trade?

The UK is set to exceed its GHG emissions target for the period 2033-2037 by 37%, a conference in London heard Tuesday.

When delegates gathered in Dubai just a fortnight ago for the opening of COP28, the chances of progress seemed slim, but these oil state climate talks delivered a transition away from fossil fuels that no previous COP managed to achieve.

Saudi Arabia remains a thorn in the side of COP28. Only one solution remains – that the Gulf petrostate host its own COP, and face up to global scrutiny as the United Arab Emirates has done.

It is less than a week since COP28, the largest ever U.N climate summit, began in the oil kingdom city of Dubai, but drama is already at a peak after Sultan Al Jaber questioned the science behind phasing out fossil fuels.