India says its path to net zero must pass through fossil fuels
India defended its use of fossil fuels citing energy security priorities, even as the country vowed to remain committed to decarbonisation.
fossil fuels
Hydrogen projects in Australia are struggling to lure investors
Australia has only one committed hydrogen project out of a vast pipeline of proposals worth A$266 billion ($178 billion), showing the challenge in becoming a major exporter of the zero-carbon but still unproven fuel.
Vietnam seals $15.5 billion deal with rich nations to exit coal
Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal.
COP27 set for showdown after draft leaves out fossil fuel pledge
Climate negotiators are on track to reject a proposal for a more sweeping plan to phase down fossil fuels, snuffing efforts by India and key developed nations to target oil and gas as well as coal in an overarching deal at COP27.
Scientists warn fossil fuel emissions to reach new highs
Global carbon emissions in 2022 remain at record highs, with no sign of the falls needed to curb dangerous climate change, scientists have warned.
‘Shortsighted’ and ‘idealism at its worst’: Birkbeck University sparks widespread condemnation from energy sector
Birkbeck, University of London has been widely slammed by the energy industry for its decision to ban fossil fuels recruiters from its careers fairs.
‘What’s your message to Aberdeen offshore workers?’ GMB asks Labour of energy policy
The GMB Union has posed questions to Labour on its UK energy policy, including the message for thousands of offshore workers in Aberdeen and north-east England who would be impacted.
What’s the safety case for the planet?
It’s not often an entire train of thought is triggered by a report on an unusual event in the world of ornithology.
G-7 edges closer to ditching pledge to end fossil-fuel financing
The Group of Seven is moving toward reversing a commitment to halt the financing of overseas fossil-fuel projects by year’s end, a proposal now viewed favourably by most members, according to people familiar with the matter.
One year on: exporting away from fossil fuels and towards a greener future
Just over one year ago, the UK ended financial support for fossil fuel projects overseas. This meant ending export finance, aid funding and trade promotion for new crude oil, natural gas or thermal coal projects.
Aftermath of COP26 questions future of fossil fuels finance and what’s next for renewable energy investing
The COP26 climate conference in Glasgow should have made uncomfortable viewing for fossil fuel executives.
Former BP boss Lord Browne says its time to break up Big Oil
Oil majors should do more to break themselves up into separate low-carbon and fossil fuels businesses, according to Lord Browne, the former boss of BP.
Japan is backing oil and gas even after COP26 climate talks
It’s been less than a month since world leaders pledged to combat climate change at the COP26 summit in Glasgow, yet Japan is already showing signs of putting the brakes on divestment from fossil fuels.
Former Greens leader says fossil fuels delegates should be banned from future COP meetings
Fossil fuel companies should be banned from future UN climate change Cop gatherings, a former leader of the Green Party has said.
New draft of COP26 deal weakens language on phaseout of fossil fuels
A new draft of the deal that could be agreed at the Glasgow COP26 climate talks appears to have watered down its push to curb fossil fuels.
Countries urged to boost emissions cuts and phase out fossil fuel subsidies in draft COP26 deal
A first draft of a deal for COP26 calls on countries to strengthen their emissions-cutting plans in the next year in a bid to keep a goal to limit warming to 1.5C within reach.
20 nations join COP deal to end foreign fossil fuel funding
The UK has corralled about 20 nations including the US, Canada and Italy at the COP26 climate summit to pledge to stop funding foreign fossil fuel projects, though the impact of the deal is undermined by the absence of key countries.
Fossil fuel production to soar over next decade, warns UN climate report
Countries are planning production of oil, coal and gas over the next decade at levels that is "dangerously" out of sync with targets to curb climate change, the UN has warned.
India can do more on climate by 2030 even as it snubs net-zero
India plans to take more ambitious climate action by 2030, even as the nation pushes back against pressure to set a target for net-zero greenhouse gas emissions.
Aberdeen University decides to divest from fossil fuels
Aberdeen University, considered one of the UK’s top academic institutions for petroleum studies, has decided to divest from fossil fuels.
IPCC report ‘must sound a death knell’ for oil and gas, says UN head
An “alarming” new report setting out the impact of climate change on the planet should spell the end for oil and gas, according to a senior international figure.
Supply chain coming to terms with export finance support withdrawal
Pinpointing which stage of grief the UK oil and gas supply chain currently sits at it is complicated.
BHP considers exit from oil and gas business
BHP Group is considering getting out of oil and gas in a multibillion-dollar exit that would accelerate its retreat from fossil fuels, according to people familiar with the matter.
Australia to appeal climate ruling that threatens fossil fuels
Australia will challenge a court ruling that orders the government to consider climate change impacts from a planned coal mine expansion, a decision seen as clouding the prospects for any new fossil fuels projects.
Fossil fuels giant Reliance will invest $10bn in Indian renewable energy
India’s richest man, Mukesh Ambani, who has run one of the world’s largest petroleum businesses for over two decades, yesterday announced that his company Reliance Industries, will invest 750 billion rupees ($10 billion) towards clean energy solutions over the next three years.