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Tag: oil
Planned $4.9tn Oil and Gas Investment ‘Not Compatible with Climate Goals’
A planned investment of $4.9 trillion (£3.8tn) in new oil and gas exploration and extraction over the next decade is incompatible with international climate obligations.That’s according to new analysis by Global Witness,...
Coal Prices Continue to Rise, Becoming More Costly Than Solar and Wind Alternatives
Around three-quarters of US coal production is now more expensive than solar and wind energy in providing electricity to American households, according to a new study.“Even without major policy shift we will...
UK Offshore Oil and Gas Production up by a Fifth over past Five Years
UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline.That’s according to a new report from Oil and Gas UK (OGUK),...
Could US Overtake Saudi Arabia as World’s Top Oil Exporter?
The US will start exporting more oil than Russia and could potentially overtake Saudi Arabia as the world’s top exporter in the next five years.The forecast from the International Energy Agency (IEA)...
Decarbonisation ‘Could Leave Fossil-Fuel Economies Stranded’
Global decarbonisation could turn fossil fuel-reliant economies into ‘stranded nations’ unable to unlock the value of carbon-based assets and infrastructure.
These are the findings of a new World Economic Forum study, which shows...
Shift Towards Clean Energy in Southeastern Europe: Challenges and Opportunities
Various means such as petroleum products, biomass, sun, wind, water, nuclear fission, lead us to the production of electricity as the ultimate goal. Each of the methods of obtaining energy has its...
U.S. Oil and Gas Industry Is Drilling Us Towards Climate Disaster
As the 116th Congress commences, in the wake of dire reports from climate scientists, the debate over U.S. climate policies has taken a welcome turn towards bold solutions. Spurred on by grassroots pressure from Indigenous communities, the...
Oil, Gas Majors Spending 1.3% of Investment on Green Energy
New research suggests European firms are investing more on low carbon energy compared to their rivals in the US and Asia.
Top oil and gas companies invested only around 1.3% of their total capital expenditure...
Planting More Trees Won’t Be Enough to Save the Planet
One way of mitigating the adverse effects of man-made climate change is to plant trees. The more trees there are, the more CO2 they absorb from the atmosphere, thereby alleviating the greenhouse...
Great Lakes ‘at Risk’ from Plan to Replace Aging Enbridge Pipelines, Environmentalists Argue
The state of Michigan and Canadian pipeline company Enbridge announced a deal Wednesday to replace controversial aging pipelines that environmental groups worried put Lakes Michigan and Huron at risk for an oil spill, The Detroit Free Press reported.
Under...
Oil and Gas Giants Agree Target to Cut Methane Emissions
They aim to reduce emissions from upstream operations to below 0.25% by 2025.
Thirteen of the world’s biggest oil and gas companies have agreed a first collective target to reduce methane emissions.They have announced a goal...
The Impact of Architecture on the Environment
In 1987, the World Commission on the Environment and Development defined sustainability as a process of meeting the present needs without compromising future generations and their needs. This definition can be expounded...
Egypt Set to Open Its First Solar Farm – and It’s the Largest in the World
Egypt has long relied on environmentally taxing fossil fuels. Over 90% of electricity is generated from oil and natural gas, and the country subsidizes fossil fuels, making them a cheap option for...
Croatian Firm Lent €130m for Efficient Heat and Power Units
A Croatian energy company has been granted loans totalling €130 million (£116m) for new electricity and heat co-generation units.HEP will replace outdated oil and gas-fired turbines and boilers with modern, efficient and...
Ireland Becomes World’s First Country to Divest from Fossil Fuels
The Republic of Ireland will become the world’s first country to sell off its investments in fossil fuel companies, after a bill was passed with all-party support in the lower house of...
US and Russia ‘to Dominate Global Pipeline Expenditure to 2022’
The US and Russia will dominate global capital expenditure on planned oil and gas pipelines up until 2022.That’s according to data and analytics company GlobalData, which says the nations are set to...
