Articles about: "Fossil Fuels"

Fossil Fuels

France, Spain gas link in limbo, poses stranded asset risk

A new gas pipeline between France and Spain has been talked about for decades but even the current gas crisis may not result in the project being built.

Global fossil fuel database launches in bid to boost transparency

London-based think tank Carbon Tracker and San Francisco-based NGO Global Energy Monitor have jointly launched a Global Registry of Fossil Fuels which they say is the first public database to account for fossil fuel production and reserves worldwide.

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More than 230 ad & PR firms greenwashing fossil fuels: report

More than 230 advertising and public relations agencies are helping to greenwash the fossil fuels industry at the mounting expense of human health and the planet, a new report reveals.

UK gov doubles down on oil, gas but opposition mounts

The UK government is to issue more than one hundred new oil and gas exploration licences as part of a package of measures to address the energy crisis but critics say low-carbon solutions and energy efficiency are the most effective way of improving energy independence.

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India’s enhanced climate pledges fall short of expectations

Some climate watchers are unhappy India has dropped bold commitments made by Modi in Glasgow last year and fear the nation will burn more dirty cheap coal to provide affordable energy to its population.

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Colombia’s new government eyes Venezuelan gas

Colombia’s new government is racing to wind down the oil and gas industry but also signalling that it could resort to neighbouring Venezuela to replenish gas supply.

Democrats “side deal” to ease pipeline permitting faces activist blowback

The secondary agreement with Senator Manchin to “streamline” infrastructure permitting faces uncertain odds.

Pakistan’s power crisis exposes reliance on LNG imports

Emerging nations like Pakistan started importing LNG on the assumption that the fuel will be abundant and cheap, a premise that has been tested by the Ukraine war.

Appetite for gas limited despite EU ‘green’ label plan

Natural gas and nuclear power are set to be included in the EU taxonomy for sustainable activities, albeit on a transitional basis.

energy charter treaty

EU deal to cut gas by 15% promises dispute resolution

The deal helped smooth over disputes over who should carry the largest burden of cutting Russian gas use.

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Philippines’ LNG drive runs into market dynamics

The Philippines is trying to revamp its power sector by building more gas to power projects along with several LNG import terminals, however there’s growing concern that LNG might not be the best option going forward.

Green groups sue over U.S public land sale

The lawsuit claims the federal government’s auctioning off of public lands for oil and gas is illegal in light of the climate crisis.

Biden warns of climate emergency but takes modest action

He announced some new offshore wind plans and also steps to protect communities from extreme heat, but climate groups are fed up with slow action.

Pope endorses global pact to scrap fossil fuels

New fossil fuel projects “every day accelerate our race towards the precipice. Enough is enough,” said Cardinal Michael Czerny, speaking on behalf of Pope Francis.

U.S. Supreme Court shoots down climate programme

The highly-anticipated case stopped short of an all-out assault on EPA authority, but the Court signalled its hostility to federal climate regulation.

Woodside faces new legal climate challenge at Scarborough

The Australian Conservation Foundation claims that the offshore Scarborough gas field will have a detrimental impact on the Great Barrier Reef by adding wide-scale coral bleaching.

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Climate litigation on the rise globally, says LSE study

The importance of climate change litigation is growing as a means of promoting effective action on climate change, and cases against oil and gas companies are a particular focus, according to new research.

Tanzania cools on regional gas exports

Tanzania’s ambitions for its considerable offshore natural gas resources may not include meeting requests from its neighbours to export by pipeline.

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Indian state firms stick to fossil fuels despite green push

Investment in fossil fuels by India’s 14 largest state-owned energy firms was 11 times higher last year than investment in clean energy, a new study shows.

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Russia earns €93 bn in fossil fuel exports in 100 days of war

In the first hundred days of the Ukraine war, China overtook Germany and Italy as the largest importers of Russian fuels, a new report has found.

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Colombia’s energy transition at play in pivotal election

With both candidates opposed to fracking, the future of Colombia’s pilot unconventional exploration projects Kalé and Platero, is uncertain.

EU partial ban on Russian oil ramps up supply pressure

After haggling with Hungary for weeks, the deal exempts oil shipped by pipeline.

Quebec is first jurisdiction to ban oil and gas. Will there be more?

A handful of governments have decided to restrict oil and gas development. But climate targets mean that many more will need to follow.

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Ukraine war, LNG prices test India’s Age of Gas

India’s gas market has been struggling to take off for over a decade, and is now being further tested by the impact of the Ukraine war on LNG prices.

Oil and gas majors’ climate plans under scrutiny

Even burning just the oil, gas, and coal in existing fields and mines would far exceed the carbon budget for a 50% chance of staying below 1.5°C warming, a new report has found.

Europe holds its breath as Russia cuts gas to 3 nations

Poland, Bulgaria and Finland are the first EU nations to see Russian gas deliveries completely cut off after the invasion of Ukraine, but others may soon follow as Moscow insists on payment in rubles and launches counter-sanctions against the West.

Weighing the market impact of an EU Russian oil embargo

At least a partial embargo on Russian oil looks likely to be brought in by the EU, and the move would have far-reaching implications for global markets.

UN Sec-Gen calls for renewables investments to triple

UN Secretary-General António Guterres has proposed what he calls “five critical actions” to jump-start the energy transition, including phasing out subsidies for fossil fuels and tripling private and public investments in renewables to at least US$ 4 trillion dollars a year.

EU nears oil embargo on Russia, but negotiations drag

Hungary has delayed a European-wide deal to ban Russian oil imports, but if a deal is reached, it could have a big impact on Russia.

Cheaper to switch from coal to green than to gas: study

The declining cost of renewable energy technologies and battery storage coupled with rising volatility in prices for fossil gas has boosted the economics of renewables further. Analysis carried out by TransitionZero found it is now cheaper to switch from coal to green than from coal to gas in power generation.