European refiners are paying the price for US oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed.
Norway’s $1tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. EURACTIV's media partner, The Guardian, reports.
ExxonMobil faces losing its lobby privileges at the European parliament after the company failed to show up for the first hearing into climate change denial. EURACTIV's media partner The Guardian, reports.
The world’s five largest listed oil and gas companies have spent more than $1 billion touting their climate credentials since the Paris Agreement was signed, whilst lobbying to protect and expand their fossil fuel operations, according to new analysis published on Friday (22 March).
Renewable energies will be the world’s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history, according to BP.
The UK-based oil company said wind, solar and other renewables …
Norway’s Supreme Court will on Tuesday (15 January) hear arguments on whether EU ships can fish for snow crab off Arctic islands north of Norway without permission from Oslo, a case that could decide who has the right to explore for oil in the region.
The United Kingdom spends the most in the EU on subsidising fossil fuels, according to a new report by the European Commission, which also found that EU-wide payments have failed to decrease despite the bloc’s commitment to the Paris Agreement on climate change.
Bulgarian minister Temenuzhka Petkova has said her country preferred paying a multi-million euro fine rather than follow a Commission injunction. Such a reform, in her words, would have threatened the country's national security. EURACTIV checked the facts.
Ethanol will have a very important role in decarbonising the transport sector globally, the executive director of the International Energy Agency (IEA) told EURACTIV.com. Another energy expert said electrification will play a major role in transport but is not applicable to all sectors, which is where biofuels come in.
Spain’s government has published a new climate plan that targets a 100% renewable energy electricity system by 2050, with goals that outstrip those adopted by the EU and a ban on new gas and oil exploration.
Oil majors are “lagging” when it comes to preparing for the low-carbon energy transition, according to a new report from financial watchdog CDP, which nonetheless praised BP, Eni, Equinor, Total, Repsol and Shell for taking the industry’s lead.
Warming beyond 1.5C will unleash a frightening set of consequences and only a global transformation, beginning now, will avoid it, according to the latest report from scientists at the Intergovernmental Panel on Climate Change (IPCC). EURACTIV's media partner Climate Home News reports.
Tensions between the United States and the European Union over Iran soared into the open Tuesday (25 September) after the Europeans announced plans for a legal framework to preserve business with Tehran and evade new US sanctions.
China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington.
Carbon capture utilisation and storage (CCUS) offers “one of the greatest industrial opportunities” for Britain as the world pivots to a low-carbon economy, said Claire Perry, the UK's Energy and Clean Growth Minister.
Ireland committed to divesting public funds from fossil fuel companies on Thursday after parliament passed a bill forcing the €8.9 billion Ireland Strategic Investment Fund (ISIF) to withdraw money invested in oil, gas and coal.
Romania’s Chamber of Deputies voted in favour of a new offshore law on Monday evening (10 July) that will impose taxes on oil and gas companies operating in the Black Sea. The ruling party's controversial leader insisted it will help cut reliance on Russian energy imports but oil companies said it might deter new investments.
EU lawmakers gave approval on Wednesday (4 July) for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.
Each year, at least US$100 billion goes to support the production and consumption of oil, gas and coal, according to a major new study published on Monday (4 June). That is despite a promise from all G7 and G20 members to stop subsidising fossil fuels by 2025.
A proposal to use non-recyclable plastic waste in the production of transport fuels is picking momentum among EU member states and legislators in the European Parliament, despite warnings from environmentalists.
Russian Energy Minister Alexander Novak said that an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite once a current deal to curb oil production expires in the end of the year.
The International Energy Agency has wrongly guided governments into decisions about oil, gas and coal use that are inconsistent with the long-term climate objectives of the Paris Agreement, according to a new report out on Thursday (5 April).
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