Articles about: "Fossil Fuels"

Fossil Fuels

compressed natural gas

Concerns over compressed natural gas-run buses in Nigeria

Nigeria is planning to use compressed natural gas for public transportation in all states after a national petrol subsidy removal, but experts cite safety and other issues and are calling to replace gas with electrification instead.

Japan LNG

Japan, LNG import king, blasted over greenwashing

Criticism is being levelled at Japan, LNG trailblazer, over what many claim is a false sustainability narrative and climate change greenwashing tactics.

gas demand

Gas demand could peak sooner than thought, research shows

The IEA recently revised down its gas demand forecast by 40 percent due to the war in Ukraine. Experts see a peak in gas demand just over the horizon.

North Sea oil

Should the UK be granting more North Sea oil and gas licences?

The UK government has said it will grant more than one hundred North Sea oil and gas licences this autumn.

Macquarie Bank

Macquarie Group slammed over oil and gas investments

One of Australia’s largest banks, the Macquarie Group, has been criticised for its investments in oil and gas producing assets.

argentina gas

Argentina gas surge hastens exit of Bolivian gas

Argentina’s gas surge is at once accelerating Bolivia’s demise as a gas supplier and reinforcing South America’s dependence on fossil fuels.

LNG conference seen as “branding” exercise

With climate disasters ravaging much of North America, the world’s largest LNG conference took place in Vancouver in mid-July. Some protested as gas companies announced deals to expand LNG.

bangladesh electricity crisis

Bangladesh electricity crisis persists on fuel shortages

Acute load-shedding since late May due to a shortage of primary fuels to run power plants has led to the Bangladesh electricity crisis.

Dangote Refinery

Nigeria’s Dangote Refinery launches, net zero in jeopardy

Following the launch of the Dangote Refinery, aimed at making Nigeria become a petroleum exporter, experts have raised concerns over possible drawbacks on net zero goals and its environmental impact on residents.

fossil fuel dark money

U.S. Senate hearing looks at fossil fuel dark money

A Senate panel scrutinized the flood of money in politics. Experts say fossil fuel dark money continues to slow climate action.

climate risk

U.S. Senate Committee probes insurance giants for climate risk

As insurance companies withdraw from disaster-prone areas, a Senate Committee sent a sharply-worded letter to seven insurance companies, accusing them of insuring fossil fuel projects and contributing to climate risk and a crisis that is now putting financial pressure on their own industry.

Nigeria-Morocco Gas Pipeline

Nigeria-Morocco Gas Pipeline highly vulnerable: experts

The Nigeria-Morocco Gas Pipeline project intends to supply gas to Morocco, 13 West African nations, and Europe, but experts have raised concerns about vulnerabilities based on its long timeline, funding issues, security, regional instability, and environmental and health impact.

environmental racism

Do “carbon-centric” fixes worsen environmental racism?

A peer-reviewed paper says climate solutions that only cut emissions — like carbon capture or carbon offsets — will do nothing to address longstanding U.S. environmental racism. Instead, a fossil fuel phaseout and a more comprehensive set of solutions is needed.

Shell

Client Earth asks UK court to revise Shell lawsuit dismissal

The environmental law charity is urging a UK court to reconsider its dismissal of the NGO’s landmark Shell lawsuit against the firm’s board of directors over alleged inaction against climate change.

Australia gas

Australia gas debate re-heats on BP purchase

BP is to acquire Shell’s 27% stake in the offshore Browse gas project, reigniting divisions in Australia’s gas sector.

G7 nations

G7 nations issue support for gas as “temporary” solution

Climate activists blasted a communique from the G7 nations, which issued qualified support for investment in more gas supplies.

gas financing

BNP Paribas ends direct gas financing

The French bank said it would no longer directly finance any oil and gas projects. But critics say the policy does nothing to sever ties with the companies themselves, allowing some oil and gas financing to continue.

fossil fuels litigation

UK at high risk of fossil fuels litigation: experts

The UK Continental Shelf is at risk of significant fossil fuels litigation, due to a mismatch between promises and reality on net zero goals, conference delegates heard this week.

Green Alliance

EU-Norway Green Alliance: hype or hope?

Shortly after signing a Green Alliance agreement with the EU, Norway offered more blocks in the Arctic for oil and gas exploration. Environmental campaigners are now hoping the EU will prevent an expansion of drilling areas, particularly in the Barents Sea.

bangladesh oil

Bangladesh oil tariff spike lures firms to solar

Higher Bangladesh oil and other fossil fuel tariffs are leading to greater installation of rooftop solar systems.

U.S. LNG

Democrats call for greater scrutiny of U.S. LNG approvals

The Biden administration has supported an expansion of gas exports. But members of his own party warn that the buildout of U.S. LNG pollutes local communities and amounts to a major setback for the climate.

fossil fuel phaseout

COP28 fossil fuel phaseout in doubt despite G7 talks

Energy ministers of G7 countries agreed last month to accelerate a global fossil fuels phaseout, although they didn’t set a clear timeframe to achieve it.

The Net Zero Asset Owner Alliance

The Net Zero Asset Owner Alliance urges no new oil, gas

Members should not invest in new upstream infrastructure in new oil or gas fields, said the Net Zero Asset Owner Alliance, a group of 85 international institutional investors.

The Net Zero Asset Owner Alliance

UK offshore oil and gas cuts up exposure to imports

Some remain critical of proposals to promote domestic production of UK offshore oil and gas to meet energy needs.

fossil fuel phaseout

Bangladesh oil firm Petrobangla struggles to pay for fossil fuels

Against a backdrop of the U.S. dollar crisis, state-run Bangladesh oil and gas firm Petrobangla is having trouble meeting its payments.

petrobras

Brazil’s Petrobras expands carbon capture at offshore fields

Petrobras is setting records for CO2 injection from its pre-salt oil production offshore, but is the Brazilian state-controlled company just rebranding old-fashioned field re-injection to keep the oil flowing?

IPCC fossil fuels

IPCC: fossil fuels phase-out is urgently needed

In its latest report, the IPCC said that greenhouse gas emissions need to halve by the end of the decade to avoid catastrophic warming. That means slashing the production and consumption of fossil fuels.

demand response

Cash-strapped UK consumers adopt demand response

The new demand response service offers financial incentives for users that voluntarily flex their electricity usage, in an effort to curb energy use.

methane emissions iea

Methane emissions: IEA says they’re “stubbornly high”

There is “no excuse” why the oil and gas industry is not taking action on methane emissions, IEA research found. Regulators are beginning to propose more stringent rules.

prepayment meters

UK prepayment meters adding to fuel poverty

The recent scandal over forced installation of prepayment gas meters in the UK has highlighted the issue of fuel poverty among vulnerable groups as well.