Bill Gates has stated that it’s not enough to use “lots of crazy-seeming ideas” to solve climate change. The cost of such clean energy must be lower than today’s options. [USA Today] The European Union’s trade commissioner told the multinational oil company ExxonMobil that a major free trade deal being negotiated with the US would help… Keep reading →
On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of neighboring Oman offered a different opinion. [US News] Thousands gathered across Israel in protest to speak out against PM Benjamin Netanyahu’s natural gas deal with US energy… Keep reading →
Chief executives from 10 of the world’s largest oil and gas companies have pledged their support for reaching a climate change agreement at the upcoming conference in Paris. [FT] Oil prices seesawed on Friday as traders awaited Baker Hughes’ weekly rig count at the end of a week that saw prices slide nearly 7 percent.… Keep reading →
Energy stocks rose this Monday morning along with the price of oil. [ABC] One of the most eroded Native Alaskan villages is being considered as a possible national model for moving entire communities whose futures are threatened by climate change. [The NY Times] Suncor Energy is making a $4.3 billion bid to acquire Canadian Oil… Keep reading →
Hilary Clinton has outlined her proposed create climate change agenda with Canada and Mexico centered around clean energy investment. [The Guardian] Scientists have estimated that breaking Arctic permafrost could contain 1,700 gigatons (which is equal to 1.7 trillion tons) of carbon, accelerating climate change. [The Washington Post] Oil prices fell back into the red on… Keep reading →
Last Friday, the incoming head of the International Energy Agency (IEA), Faith Birol, provided a briefing to U.S. stakeholders about IEA’s new special report on climate change, which found that global emissions could peak by the end of this decade without reducing economic growth. The report outlines five key pillars for turning the emissions corner by… Keep reading →
Heads of the world’s big five oil companies have been showered with bonus payouts linked to $1tn of spending on fossil fuel exploration in the last nine years, according to the Guardian. “The unprecedented push to bring untapped reserves into production, and to exploit new and undiscovered fields, involves some of the most complex feats… Keep reading →
Citigroup predicted the recent increase in oil prices is a temporary lull in the downward price trajectory. The bank lowered its crude oil price forecast. “Despite global declines in spending that have driven up oil prices in recent weeks, oil production in the U.S. is still rising, wrote Edward Morse, Citigroup’s global head of commodity… Keep reading →
Former Massey Energy CEO Don Blankenship was criminally indicted for being responsible for the deaths of 29 coal miners in 2010 and in the interest of ensuring a fair trial U.S. District Judge Irene Berger sealed all court records. However, several major media organizations are challenging the gag order. “The news outlets could have good… Keep reading →
UN negotiators are meeting in Lima, Peru to construct a draft climate change mitigation agreement that will be finalized over the next year with the goal of signing it in Paris in 2015. The plan is to allow each country to develop a greenhouse gas emissions reduction strategy that can be realistically achieved. “But while… Keep reading →
