Oil and Industry
Planned fossil fuel output ‘vastly exceeds’ climate limits, says UN
Despite pledges of action from many nations, almost none have policies to wind down production, report says. EURACTIV's media partner, The Guardian, reports.
Climate change a double blow for oil-rich Mideast, experts say
The climate crisis threatens a double blow for the Middle East, experts say, by destroying its oil income as the world shifts to renewables and by raising temperatures to unliveable extremes.
Two dozen countries announce commitment to EU-US global methane pledge
As political support grows to place methane emissions reduction at the top of the global agenda, 24 additional countries agreed on Monday (11 October) to sign the EU-US-led Global Methane Pledge ahead of the UN climate summit in Glasgow.
UK puts army on standby as fuel pumps run dry
Britain on Monday (27 September) put the army on standby to help with the ongoing fuel crisis as fears over tanker driver shortages led to panic buying, leaving many of the country's pumps dry.
EU, US urge others to join methane reduction pledge
The European Union and the United States on Saturday (18 September) called on more nations to join a pledge to slash methane gas emissions and cut warming by at least 0.2 degrees Celsius by 2050.
Greek fires: Blaming climate change is only the start, phasing out fossil fuels is the rest
If Prime Minister Kyriakos Mitsotakis is to help save Greece – and the planet – from the climate emergency, the changes his government must make are dramatic, writes Jonathan Gant.
Denmark, Costa Rica seek alliance to speed up the end of oil and gas
Denmark and Costa Rica are trying to forge an alliance of countries willing to fix a date to phase out oil and gas production and to stop giving permits for new exploration, government ministers said and documents showed.
Portugal’s Galp moves to green hydrogen at refinery, eyes €1bn investment
Portugal's Galp Energia plans to install a 100-megawatt electrolyser to power its refinery in Sines with green hydrogen by 2025, a project which could be expanded to up to 1,000 MW and be worth €1 billion, Chief Executive Andy Brown said on Monday (14 June).
Study: Peak oil moves closer as energy majors shift to renewables
The world’s largest oil and gas companies increased investment in clean energy by 23% compared to 2018, despite a 6% fall in global energy demand last year caused by the coronavirus pandemic, according to new research published on Tuesday (8 June).
OPEC, Russia seen gaining more power with Shell Dutch ruling
Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia.
Shell ordered to slash emissions 45% by 2030 in historic court ruling
A Dutch court has ordered Royal Dutch Shell to cut its emissions 45% by 2030 compared to 2019 levels, in a landmark ruling. EURACTIV's media partner, Climate Home News, reports.
UN methane report ups pressure on EU to tackle the planet-warming gas
The world must urgently cut its emissions of methane to rein in climate change, a UN report said Thursday (6 May) raising pressure on European Union policymakers who are drafting the bloc's first methane regulations targeting fossil fuels.
Fossil fuel shares drop in value compared with clean energy, think tank says
The value of share offerings in fossil fuel companies has dropped by almost 20% since 2012, while low-carbon companies gained ground in a shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday (31 March).OpinionPromoted content
LUKOIL developed four scenarios of how the climate agenda will affect on oil demand
LUKOIL has completed working out scenarios for changing global oil demand, which has been prepared as part of its climate strategy development. Vagit Alekperov, the co-owner and president of the company, announced it at a conference call on March 10....
Flying in the face of the ECB – Greenpeace paraglides onto bank to protest fossil fuel funding
Two climate activists from Greenpeace paraglided onto the roof of the European Central Bank (ECB) headquarters on Wednesday (10 March) and hung a banner accusing the bank of funding polluters on the eve of its governing board meeting.
Snubbing Rosneft, Poland signs deal with ExxonMobil on oil supplies
Polish oil refiner PKN Orlen has signed a contract with US ExxonMobil under which it will import around 1 million tonnes of crude oil within a year, it said on Tuesday (9 March).
Petrostates face $9trln income gap with energy transition: study
The world’s poorest oil-dependent countries are set to take the biggest hit in the transition away from fossil fuels, according to a new report published on Thursday (11 February).
Dressed to kill – the environmental cost of fast fashion exposed
The EU needs to introduce strict measures to slow overconsumption in the fast fashion industry and increase the recyclability of textiles in order to reach a zero waste and net zero economy by 2050, according to a new report.
BP’s oil exploration team swept aside in climate revolution
Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil.
Competition or cooperation? EU, US enter new era of climate diplomacy
As Joe Biden takes the reins of a tumultuous America, analysts have tempered expectations about the ability of the new US administration to closely align with Europe on climate change.
EU price on pollution hits record high in early 2021
The price of permits on the European Union carbon market has soared to record levels in the first trading days of the year, hiking costs for polluters as the EU prepares measures to enforce deeper emissions cuts.
Norway’s top court rejects climate challenge to Arctic oil exploration
Norway's Supreme Court struck down a challenge from environmental groups trying to stop oil exploration in the Arctic, after a historic battle over the country's climate change commitments on Tuesday (22 December).
Fossil fuel production needs to fall 6% per year to avoid catastrophic warming: report
World governments need to reduce fossil fuel production by 6% every year over the next decade to reach a 1.5°C pathway and limit catastrophic warming, according to new research.