Can you talk about the health impacts of climate change without mentioning the burning of fossil fuels, its leading cause?An intergovernmental declaration on the health impacts of climate change led by the United Arab Emirates, which is presiding over this year’s global climate talks, and circulated among countries for their potential endorsement, does just that.Several...
Welcome back — and a big thank you to all the participants who made day one of the Moral Money Summit Americas such a success (especially the many loyal readers in attendance).We continue today in New York with an action-packed second day, featuring former Colombian president Iván Duque Márquez, Verizon chief executive Hans Vestberg, Hester...
Exxon Mobil has agreed to pay $59.5 billion for rival Pioneer Natural Resources in a deal that will secure the energy giant’s status as the fracking leader in the all-important Permian Basin—a region that stretches across West Texas and New Mexico and produces nearly 40% of all U.S. oil and 15% of all U.S. natural gas. If the acquisition survives a...
Executives are talking up their net zero plans, but there’s a risk the gap between rhetoric and reality becomes too wide. The Abu Dhabi International Petroleum Exhibition and Conference, or Adipec, is the most oily event imaginable: acres of halls filled with people selling pipes, pumps and drill bits — everything you need to get fossil fuels out...
The UAE holds a major oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai. The UAE holds a major oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai. The Emirati president-designate of the upcoming United Nations COP28 climate talks called on oil and gas companies...
Fossil fuel demand must fall by a quarter by the end of this decade if governments want to limit the rise in global warming to 1.5C since the pre-industrial period, the International Energy Agency has concluded. Coal, oil and natural gas will all need to be replaced by clean energy at a rapid rate to...
New research finds Eni continued to push oil and gas agenda despite knowing potential for climate risk since 1970. Italian oil major Eni knew of the climate impacts of fossil fuel extraction since 1970, according to a report by Greenpeace Italy and advocacy group ReCommon shared with DeSmog. The report comes four months after the...
Deep divisions over how to combat global warming at the next climate summit were on display this week, as efforts to green the world’s energy system were challenged by oil and gas executives, and petrostates. As world leaders and top officials gathered in New York ahead of the UN COP28 climate summit in ten weeks,...
I spend a lot of time critiquing solutions for low-carbon transformation, and that leads, inevitably, to people asking me: what works? What should we be doing? Most recently, that came in the form of a question on Quora that was well enough formed to trigger me to write down the solution set: “What exactly is the current...
It’s an awkward moment for the oil industry to have at last won its long-sought “seat at the table” in international climate talks. The contradictions and conflicts in play at this opaque moment in the energy transition are mind-boggling. Global temperatures are flaring. War-related market disruptions are fading. The economic outlook is extremely fuzzy. Neither...