At the time of Russia’s illegal invasion of Ukraine, it typically supplied one out of every four barrels of crude oil that the European Union imported. These imports contributed significantly to…
Nine out of 10 major Australian electricity companies are failing to reduce greenhouse gas emissions fast enough to meet the goals of the landmark Paris climate agreement, a study has found.
In Mogadishu, the charcoal trade is thriving on the city’s streets, prompted by the sharp rise in gas prices over the past two years. As more Somalis turn to charcoal as an affordable energy option,…
The UN secretary general, António Guterres, has condemned the record profits of energy companies during a global energy crisis triggered by Russia's invasion of Ukraine. 'It is immoral for oil and…
The UN secretary general, António Guterres, has described the record profits of oil and gas companies as immoral and urged governments to introduce a windfall tax, using the money to help those in…
A gas company with interests in the Beetaloo Basin is calling on the federal government to rewrite its climate change legislation to abandon the “unattainable” objective of trying to limit global…
The world's largest energy traders, independents and majors, are poised to post record earnings for the first six months of the year due to volatility in markets caused by the Ukraine war and…
Oil companies are partying like it’s 2008. As during the global financial crisis that took hold that year, economies face the prospect of deep recessions but oil companies are reaping record profits…
“We’re pleased,” ExxonMobil’s CEO, Darren Woods, said on an earnings call last month, speaking about the Inflation Reduction Act. He called the bill, now making its way through the US Congress, “…
This week, major oil and gas companies reported 11-figure profits in the second quarter. At the same time, inflation has reached 40-year highs around the world and recessions loom. The obscene…
When the EU voted last month to classify natural gas as ‘green energy,’ it opened a window that Africa has been waiting for: access to low-cost funds to run energy projects that do not rely on solar…
On July 7, the $2 billion Song Hau 1 thermal power plant was officially opened by the Vietnam Oil and Gas Group in the presence of Prime Minister Pham Minh Chinh.
One of Vietnam's largest…
The oil and gas industry has delivered $2.8bn (£2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed.
The vast total captured by petrostates and fossil fuel companies since…
Since the Glasgow COP26 climate meeting in 2021, varying factors have created adverse energy and economic scenarios that have made nations to shift focus from climate change programmes.
They include…
When the business secretary, Kwasi Kwarteng, tweeted on the eve of the long jubilee weekend that the government was giving the go-ahead to a new oil and gas project in the North Sea, ministers…
One of the only facilities in the world that uses carbon capture and storage technology (CCS) to reduce the emissions of hydrogen production has been found to emit far more greenhouse gas emissions…
WASHINGTON (Project Syndicate)—Human-induced climate change is causing dangerous and widespread environmental disruption and affecting the lives of billions of people around the world. According to…
Global energy demand and carbon emissions bounced back to around pre-pandemic levels in 2021, reversing the reduction in 2020 resulting from the coronavirus pandemic as global economies recover, BP…
In a drab hearing room in Austin, Tex., members of the State Board of Education, seated at small desks arranged in a broad, socially distanced circle, debated whether eighth grade science students…
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