Donald Trump’s new tariffs are set to pummel the renewable energy industry, threatening to push up prices, disrupt supply chains and undercut US ambitions to lead the artificial intelligence revolution, clean-technology…Continue readingDonald Trump’s tariff blitz sparks turmoil for green energy sector
Tag: gas
ExxonMobil chief executive Darren Woods received $44.1 million in pay for 2024, a 19.3% increase over the year before. Woods’ pay compares with the $32.7 million paid to Mike Wirth, boss…Continue readingExxonMobil chief’s pay rises 19% to $44.1mn
BP is shutting its low-carbon mobility team in the energy major’s latest retreat from its five-year-old attempt to diversify away from oil and gas. The unit was responsible for developing electric,…Continue readingBP’s low-carbon mobility team axed as company reverts to oil and gas
The climate crisis is on track to destroy capitalism, a top insurer has warned, with the vast cost of extreme weather impacts leaving the financial sector unable to operate. The world…Continue readingClimate crisis on track to destroy capitalism, warns top insurer
Police have raided a Quaker meeting house and arrested six women attending a gathering of the protest group Youth Demand. Youth Demand describes itself as “a youth-led nonviolent civil resistance campaign…Continue readingMet raids Quaker meeting house and arrests six women at Youth Demand talk
US President Donald Trump’s administration has unlocked almost $5bn in funding for a liquefied natural gas project by France’s TotalEnergies in Mozambique, potentially restarting work on one of Africa’s largest energy…Continue readingUS swings behind TotalEnergies’ vast Mozambique gas project
India has passed legislation intended to encourage oil and gas exploration. “[It’s a] historic day in India’s quest towards energy security and energy self-sufficiency,” oil minister Hardeep Singh Puri said after…Continue readingIndia approves legislation to boost oil and gas exploration
Lahore’s 14 million residents spent six months breathing concentrations of PM2.5—tiny particles that can penetrate the lungs and bloodstream—at levels 20 times or more than recommended by the World Health Organization.…Continue reading‘Really suffocating’: Pakistan emerges from record smog season
Nearly every country on Earth has dirtier air than doctors recommend breathing, a report has found. Only seven countries met the World Health Organization’s guidelines for tiny toxic particles known as…Continue readingOnly seven countries worldwide meet WHO dirty air guidelines, study shows
The world needs more planet-heating fossil fuel, not less, Donald Trump’s newly appointed energy secretary, Chris Wright, told oil and gas bigwigs on Monday. “The Trump administration will treat climate change…Continue readingWhat the world needs now is more fossil fuels, says Trump’s energy secretary
In a two-day hearing last month, the activists, who were jailed for taking part in various disruptive protests in 2022, argued that their trial judges had erred by failing to offer…Continue readingJust Stop Oil protesters’ jail sentences shortened after appeal
“There is no peak demand on the horizon,” OPEC Secretary General Haitham al-Ghais said in the organization’s World Oil Outlook, which sees global thirst for liquid fuels increasing from 102.2 million…Continue readingFrom Sept 2024: OPEC raises long-term demand forecasts in rejecting peak oil
Saudi Arabian Oil Company, commonly known as Saudi Aramco, has announced a net income of 106.2 billion U.S. dollars in 2024, down from 121.3 billion dollars in the previous year.Continue readingSaudi Aramco records net income of 106.2 billion U.S. dollars in 2024
The Senate voted Thursday to overturn a Biden-era rule that required oil companies to pay a fine for emitting methane, a powerful greenhouse gas that has significantly contributed to climate change.…Continue readingUS congress is reversing a tax on this climate superpollutant
Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to $10bn. Under Auchincloss’s predecessor, Bernard Looney, BP pledged in 2020…Continue readingBP drops climate targets in pivot back to oil and gas
Global demand for liquefied natural gas is forecast to surge 60 per cent by 2040 due to faster economic growth in Asia and the race to decarbonise industry, Shell has said.…Continue readingLNG demand to jump 60% by 2040, Shell forecasts
The Burrup Peninsula, in Western Australia’s northwest, known as Murujuga to traditional owners, contains the world’s largest and oldest collection of petroglyphs. Disrupt Burrup Hub claims Woodside’s operations in the area…Continue readingClimate activists fined over protest outside Woodside boss Meg O’Neill’s Perth home
Shell dominated the $1.4bn global market for carbon credits last year as oil and gas companies scaled back their spending on clean energy and relied more heavily on offsets to reach…Continue readingShell dominates carbon credit market as clean energy spending scaled back
A Czech billionaire is accelerating his “contrarian approach” of acquiring carbon-intensive assets outside the EU, which has been given a boost by Donald Trump’s election as US president and promotion of…Continue readingCzech coal and gas investor Pavel Tykač sees vindication in Trump’s White House return
A climate activist who graffitied the word “liar” on the federal environment minister’s office has stood by his highly publicised actions, urging the public to stand up for their beliefs. The…Continue readingClimate activist who graffitied Tanya Plibersek’s office says he stands by his actions
Climate breakdown drove the annual global temperature above the internationally agreed 1.5˚C target for the first time last year, supercharging extreme weather and causing “misery to millions of people”. The average…Continue readingHottest year on record sent planet past 1.5˚C of heating for first time in 2024
Italian energy giant Eni is firing up the world’s most powerful supercomputer outside the US this Christmas as it races rivals to build the technology infrastructure needed to better explore for…Continue readingEni fires up €100mn supercomputer in race to find oil and gas reservoirs
The Air Quality Index (AQI) is a measure of pollution in the air, with higher numbers indicating greater health risks. Levels above 300 are considered dangerous. “Stuff I could never even…Continue reading‘Trapped inside’: The children suffocating in the smog of Lahore
A 77-year-old environmental activist will spend Christmas in prison despite having been released on an electronic tag, because the authorities cannot find an electronic device small enough to fit her wrists.…Continue readingElderly activist to spend Christmas in prison because tag does not fit
Forty people, aged from 22 to 58, will be behind bars on Christmas Day for planning or taking part in a variety of protests relating to the climate crisis or the…Continue readingRecord number of protesters will be in UK prisons this Christmas
Charter rates for ships carrying liquefied natural gas have hit record lows, with some owners now facing a loss if they lease their vessels out, as the sector grapples with huge…Continue readingLNG freight rates plummet as sector grapples with glut of ships
British police arrest environmental protesters at nearly three times the global average rate, research has found, revealing the country as a world leader in the legal crackdown on climate activism. Only…Continue readingBritain leads the world in cracking down on climate activism, study finds
Queensland’s environment minister has told parliament he stands by his comments more than a decade ago that he was “a bit sceptical” about human involvement in climate change. Griffith University emeritus…Continue readingAustralian Queensland environment minister stands by ‘scepticism’ about human-induced climate change
Oil companies Shell and Equinor are to combine their UK offshore oil and gas assets to form a new company they say would be the biggest independent producer in the North…Continue readingShell and Equinor to combine UK offshore oil and gas assets
As the Danish renewable energy company Ørsted battled to restore its reputation following a bruising year, a rival across the North Sea had the company in its sights. After months of…Continue readingHow the world’s biggest offshore wind company was blown off course
In launching its World Energy Outlook 2024 (WEO), the IEA stated that “the future of the global energy system is electric.” This follows its assertion that demand for coal, oil and…Continue reading‘’Age of electricity’ to follow looming fossil fuel peak’’: Analysis or Science Fiction?
A $200bn wave of new gas projects could lead to a “climate bomb” equivalent to releasing the annual emissions of all the world’s operating coal power plants, according to a report.…Continue reading‘Climate bomb’ warning over $200bn wave of new gas projects
Consultancy firm McKinsey was paid $1.6m over 11 weeks to “inform” and “guide” Australian energy and climate policy, despite its work for the world’s biggest fossil fuel companies. The firm, whose…Continue readingMcKinsey paid $1.6m to ‘guide’ Australian climate policy despite working for fossil fuel companies
Petrobras needs to be “as big as possible” to guarantee its long-term future, says the head of Brazil’s state-controlled oil major, as the company boosts investments in activities ranging from offshore…Continue readingPetrobras must be ‘as big as possible’, says chief of Brazilian oil major
The world soccer governing body is under fire for agreeing to an enormous sponsorship deal that is in direct opposition to its and others’ climate action goals FIFA inked a four-year…Continue readingFIFA faces enormous backlash over decision to accept sponsorship deal: ‘Might as well pour oil on the pitch and set it alight’
“Natural resources … are a gift from God. Every natural resource, whether it’s oil, gas, wind, sun, gold, silver, copper, they are all natural resources. Countries should not be blamed for…Continue readingFossil fuel supply: The elephant in the room at climate change conferences
A group of prominent scientists, advocates and policy leaders have issued an open letter to the Executive Secretary of the UNFCCC Secretariat Simon Stiell as world leaders gather in Baku for…Continue readingGlobal climate leaders want COP29 to succeed but call for urgent overhaul of the process
BP and its partners have given the green light to a $7bn gas project in Indonesia. The project is an additional development of the Tangguh liquefied natural gas project in Papua,…Continue readingBP greenlights $7bn Indonesia gas project
Reefs across the north of the Great Barrier Reef have seen “substantial losses” of coral cover after a summer of extreme heat, two cyclones and major flooding, according to the first…Continue reading‘Graveyard of corals’ found after extreme heat and cyclones hit northern Great Barrier Reef
Namibia could double its annual GDP growth to 8 per cent within a decade and reduce its dependence on diamonds because of new offshore oil and gas finds, according to the…Continue readingNamibia seeks to double GDP growth from oil and gas finds
Saudi Arabia has been working to foil any agreements that renew a pledge to transition away from fossil fuels, according to negotiators, says the New York Times. Negotiators say it’s part…Continue readingSaudi Arabia is a ‘wrecking ball’ in global climate talks
Donald Trump’s nomination for energy secretary has connections to fracking operations for gas in the Beetaloo basin in the Northern Territory. Chris Wright is the chief executive of Liberty Energy, a…Continue readingTrump’s new energy tsar linked to fracking in Australia’s Beetaloo basin
Although many countries have explicitly promised to reduce fossil fuel subsidies to combat climate change, this has proven difficult to accomplish. As a result, fossil fuels remain relatively inexpensive, and their…Continue readingCountries spend huge sums on fossil fuel subsidies
As the COP29 summit in the Azerbaijani capital of Baku begins its second week, representatives from Vanuatu and Tuvalu have called on Australia to stop approving new fossil fuel developments, including…Continue readingAustralia accused of ‘exporting climate destruction’ on tiny Pacific neighbours with massive gas expansion plans
At least 480 lobbyists working on carbon capture and storage (CCS) have been granted access to the UN climate summit. CCS lobbyists at COP29 in Baku, Azerbaijan, outnumber the core national…Continue readingAlmost 500 carbon capture lobbyists granted access to COP29 climate summit
The host country of this year’s UN climate summit, Azerbaijan, has rolled out “red carpet” treatment to fossil fuel bosses and lobbyists, the Guardian can reveal. At least 132 oil and…Continue readingFossil fuel bosses get ‘red carpet’ at COP29 despite concerns over influence
At least 1,773 coal, oil, and gas lobbyists have been granted access to the United Nations climate talks in Baku, Azerbaijan. Those lobbyists outnumber the delegations of almost every country at…Continue readingOver 1,700 coal, oil and gas lobbyists granted access to COP29
Global carbon emissions from fossil fuels have reached a record high in 2024, according to new research by the Global Carbon Project science team. The 2024 Global Carbon Budget projects fossil…Continue readingFossil fuel CO₂ emissions increase again in 2024
The iShares Global Clean Energy exchange-traded fund, which holds a broad basket of climate tech stocks, declined 6.5% in the 12 months to November 4, against a 26% rise for the…Continue readingTransition to clean energy falters as green tech funding falls short
Australia and Turkey are vying to host COP31, and the Australian government hopes Turkey will exit the race in time for an announcement before next week. The hypocrisy of Australia’s bid…Continue readingClimate criminal Australia competes to host Climate-COP
Azerbaijan’s president has branded oil and gas a “gift from God” as he welcomed delegates to the COP29 climate summit. The president of the oil and gas-rich country argued, as he…Continue readingCOP29 host Azerbaijan brands oil and gas ‘gift from God’
Highlights of Energy Law of the People’s Republic of China, adopted at the 12th meeting of the Standing Committee of the 14th National People’s Congress on November 8, 2024 –Continue readingNew Energy Law passed by People’s Republic of China
The chief executive of COP29 has been filmed apparently agreeing to facilitate fossil fuel deals at the climate summit. The campaign group Global Witness posed undercover as a fake oil and…Continue readingCOP29 CEO filmed agreeing to facilitate fossil fuel deals at climate summit
Europe’s largest oil and gas company reported adjusted earnings of $6 billion for the third quarter The biggest contributor to group profits was once again Shell’s integrated gas division, which reported…Continue readingShell is delivering on promise of ‘consistent’ returns, says chief executive
New global findings in the 8th annual indicator report of The Lancet Countdown on Health and Climate Change reveal that people in every country face record-breaking threats to health and survival…Continue readingExperts call for trillions of dollars spent on fossil fuels to be redirected
The concentration of planet-heating pollutants clogging the atmosphere hit record levels in 2023, the World Meteorological Organization (WMO) has said. It found carbon dioxide (CO2) is accumulating faster than at any…Continue readingPlanet-heating pollutants in atmosphere hit record levels in 2023
Since 2016, 21 [US] states have passed a total of 56 laws criminalizing protest or dramatically increasing the penalties for engaging in it. The state of Alabama, for example, can now punish a…Continue readingOutrageous Anti-Protest Laws Can’t Silence the Climate Movement
Biodiversity is declining more quickly within key protected areas than outside them, according to research that scientists say is a “wake-up call” to global leaders discussing how to stop nature loss…Continue readingBiodiversity declining even faster in ‘protected’ areas, scientists warn COP16
Azerbaijan, the host of the COP29 global climate summit, will see a large expansion of fossil gas production in the next decade, a new report has revealed. Azerbaijan’s state-owned oil and…Continue readingCOP29 host Azerbaijan set for major fossil gas expansion
Some of Australia’s biggest carbon polluters have a couple of reasons to celebrate this week. WA’s Labor government passed environmental protection laws that were described by one of its own MPs…Continue readingHave Western Australia’s new environmental protection laws left the state’s EPA a toothless tiger?
The world’s energy watchdog has signalled a new energy era in which countries have access to more oil, gas and coal than needed to fuel their economic growth, leading to lower…Continue readingFossil fuels could become cheaper and more abundant, says IEA
Foreign aid for fossil fuel projects quadrupled in a single year, a report has found, rising from $1.2bn in 2021 to $5.4bn in 2022. The report found the top five funders…Continue readingForeign aid for fossil fuel projects quadrupled in a single year
We are seeing unprecedented rapidly intensifying tropical storms such as Hurricane Helene in the eastern United States and Super Typhoon Yagi in Vietnam. Unprecedented fires in Canada have destroyed towns. Unprecedented…Continue readingUnprecedented peril: Disaster lies ahead as we track towards 2.7°C of warming this century, researchers warn
An international coalition led by Oregon State University scientists concludes in its annual report published in BioScience that the Earth’s worsening vital signs indicate a “critical and unpredictable new phase of…Continue readingClimate report warns of escalating crisis, urges immediate action as UN summit nears
Many of Earth’s “vital signs” have hit record extremes, indicating that “the future of humanity hangs in the balance”, a group of the world’s most senior climate experts have said. More…Continue readingEarth’s ‘vital signs’ show humanity’s future in balance
Wildfires are burning through the carbon budget that humans have allocated themselves to limit global heating, a study shows. The authors said this accelerating trend was approaching – and may have…Continue readingWildfires are burning through humanity’s carbon budget
Rationing of goods such as meat and fuel can both effectively and fairly reduce consumption with high climate impact. Almost 40% of the public say they could accept such measures. These…Continue readingStudy finds about 40% of public supports rationing measures to fight climate change
The sentences were handed down just as Hurricane Helene hit North Carolina. As homes were smashed, trucks swept down roads that had turned into rivers and residents were killed, in the…Continue readingAs the waters rise, a two-year sentence for throwing soup. That’s the farcical reality of British justice.
The shipping containers were a familiar sight to the villagers of northern Mozambique’s remote and troubled Afungi peninsula: a dozen steel boxes lined up end-to-end with a guarded gate in the…Continue reading“ALL MUST BE BEHEADED”
The Western Australian government has lifted a ban preventing onshore gas producers from exporting any of their gas. The current WA premier, Roger Cook, said the state needed “a secure supply…Continue readingWestern Australia’s decision to lift gas export ban will drive up emissions, conservationists say
More than $650bn (£494bn) a year in public subsidies goes to fossil fuel companies, intensive agriculture and other harmful industries in the developing world, new data has shown. The subsidies entrench…Continue readingMore than £494bn subsidies a year in developing world harmful to climate
Fossil fuel companies pumped at least $5.6bn (£4.2bn) of sponsorship money into motorsports, football, golf and even snow sports in an effort to “buy social licence to operate”, according to a…Continue readingFossil fuel companies sponsor $5.6bn in global ‘sportswashing’ deals
The United States is producing more oil and natural gas today than ever before, and far more than any other country. So, what roles did the Trump-Pence and Biden-Harris administrations play…Continue readingUS Oil and Gas Production Surged to Record Highs Under Both Trump and Biden-Harris
The New Zealand government has announced plans to introduce legislation by the end of this year to reverse the existing ban on offshore oil and gas exploration. This move is part…Continue readingNew Zealand government to reverse ban on offshore oil and gas exploration
Eni has received approval from Indonesian authorities for the plan of development (POD) for its Geng North (North Ganal PSC) and Gehem (Rapak PSC) fields, as well as the Gendalo and…Continue readingEni receives approval for Geng North and Gehem gas projects in Indonesia
Eni has started gas production from the Argo Cassiopea field, the most important gas development project in Italy. The gas, coming from one of the four subsea wells drilled in recent…Continue readingEni starts gas production from Argo Cassiopea field in Strait of Sicily
Chevron and its partner TotalEnergies have started production from the Anchor project in the deepwater US Gulf of Mexico. The partners sanctioned the deepwater oil project in December 2019 with an…Continue readingChevron and TotalEnergies begin production from Anchor deepwater project
Australia is one of the world’s largest exporters of fossil fuels. While this coal and gas is burned beyond our borders, the climate-warming carbon dioxide (CO₂) emissions affect us all. My…Continue readingDug up in Australia, burned around the world—exporting fossil fuels undermines climate targets
US oil and gas facilities are pumping out four times more planet-warming methane gas than estimated by regulators. Data published by the Environmental Defense Fund on Wednesday estimates leaks, flaring and…Continue readingUS emissions of planet-warming gas far exceed estimates
Global emissions of methane, a powerful planet-heating gas, are “rising rapidly” at the fastest rate in decades, requiring immediate action to help avert a dangerous escalation in the climate crisis, a…Continue readingGlobal methane emissions rising at fastest rate in decades
Woodside, the largest Australian oil and gas company, has agreed to buy a huge liquefied gas export terminal under construction in the United States, doubling down on demand for the fuel…Continue readingWoodside chases global LNG ‘powerhouse’ crown with latest deal
Permits to explore waters between South Australia, Victoria and Tasmania to establish new offshore gas wells have been approved by the federal government. Esso and Beach Energy are expected to take…Continue readingFederal government approves gas exploration permits in waters off South Australia, Victoria and Tasmania
Azerbaijan has accused the EU of treating the country as a “firefighter” by only committing to short-term gas deals despite asking the country to boost exports of the fuel to the…Continue readingAzerbaijan hits out at EU for failing to agree long-term gas deals
Australia’s big four banks are in “complete violation” of commitments to the Paris climate accord by funding fossil fuel expansion even as their overall lending to the sector continues to ebb,…Continue readingAustralia’s big banks lent $3.6bn to fossil fuel expansion projects in 2023
Brad Homewood describes his first steps into a maximum security facility, where he spent the first three weeks of a two-month jail sentence, as intimidating. “You’re in there with the worst…Continue readingClimate activists have received months-long sentences. Are tougher laws eroding Australians’ right to protest?
The oil major made the projections in its closely watched annual outlook as renewable power sources such as wind and solar fail to increase at a fast enough pace to keep…Continue readingBP raises forecasts for oil and gas demand as clean energy switch slows
Shell said that its subsidiary Shell Trinidad and Tobago has taken a final investment decision (FID) on the Manatee gas project, located off the east coast of Trinidad and Tobago. The…Continue readingShell takes FID on Manatee gas project in Trinidad and Tobago
Aramco has announced contracts totalling over $25bn to advance its gas expansion in Saudi Arabia, aiming for more than a 60% increase in sales gas production by 2030 compared to 2021…Continue readingAramco announces $25bn contracts to advance gas expansion in Saudi Arabia
Pembina Pipeline and its partner, Haisla Nation, have taken a positive final investment decision (FID) on the Cedar LNG project in British Columbia, Canada. The floating liquefied natural gas (FLNG) facility…Continue readingPembina and Haisla Nation take FID on $4bn Cedar LNG project in Canada