The biggest and dirtiest secret of the energy market is that most of it is lost in generating, transmitting, distributing, and using it. Solving this problem would be revolutionary, reducing competition for resources that contributes to conflict as well as climate change. Energy is one of the most valuable businesses in the world, worth trillions...
Firm told it must take responsibility for toxic legacy of pollution and safe decommissioning of abandoned oil infrastructure. The oil firm Shell cannot be allowed to withdraw from the Niger delta before it takes responsibility for its toxic legacy of pollution and the safe decommissioning of abandoned oil infrastructure, a report says. Shell plc is preparing to...
Another climate change COP has come and gone. As has become quite common by now, a complex set of intergovernmental negotiations are ultimately reduced to a fight over one particular issue. At the UN Climate Change Conference in Dubai, UAE (COP28), this issue was the phasing out of fossil fuels. The decision adopted in Dubai...
With the EU ambivalent and small island states absent, Russia’s call for “transitional fuels” – read gas – made it into the Cop28 agreement The Russian government’s campaign for endorsement of “transitional fuels” succeeded at the Cop28 climate talks in Dubai. Russia, the world’s second biggest gas producer, told the United Nations back in February...
They call the giant climate business expo running outside the COP28 United Nations talks in Dubai the “green zone”. With the enormous former Expo 2020 site given over to green—and not so green—companies to trumpet their climate credentials, the private sector has never been embraced so warmly at a climate summit as it has been in the...
With around two weeks to go before the start of the COP28 in the United Arab Emirates, the main priorities for those climate talks are coming into sharper focus. For industry, an important conversation to watch is the continuing, deepening push for agreement on phasing out fossil fuels. Expect this to be a major priority from...
November 13, 2023 – Two weeks prior to COP28, a coalition led by 350.org and Oil Change International, comprising over 100 organizations, express grave concerns in an open letter regarding the energy strategy outlined by the COP28 president in two recent communications. The open letter demands a full, fast, funded, and fair phase-out of fossil fuels instead of...
Canada is among a group of top fossil fuel-producing countries on pace to extract more oil and gas than would be consistent with agreed-upon international targets designed to limit global warming, according to a new analysis. The report, released on Wednesday by the United Nations in collaboration with a team of international scientists, found that countries still plan to...
The world’s top management consultancy McKinsey & Company is using its position as a key advisor to the UN’s COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources and leaked documents. Behind closed...
The world’s fossil fuel producers are planning expansions that would blow the planet’s carbon budget twice over, a UN report has found. Experts called the plans “insanity” which “throw humanity’s future into question”. The energy plans of the petrostates contradicted their climate policies and pledges, the report said. The plans would lead to 460% more coal production,...