The world’s fossil fuel companies risk wasting billions of dollars by not taking action to combat climate change seriously, according to the chief economist of the International Energy Agency (IEA). “Fatih Birol, who will take the top job at the IEA in September and is one of the world’s most influential voices on energy, warned… 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 →

Landshut Nuclear Power Plant

International Energy Agency executive director Fatih Birol says the fossil fuel industry will only alter practices if governments show they are serious about stifling global warming. “The world needs a “peaceful divorce” between economic growth and the rise in greenhouse gas emissions, one of the world’s leading energy economists has said – but this will… Keep reading →

japan LNG

Lower oil and liquefied natural gas (LNG) prices, both off by around 40 percent and 60 percent in the past year respectively, will continue to change the global energy landscape, impacting everything from when and if new energy projects go forward, capex spending decisions at integrated oil majors, and even geopolitics. There is not much… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

The EPA has revealed it finds no evidence that hydraulic fracturing has led to widespread pollution of drinking water. “The oil industry and its backers welcome the long-awaited study while environmental groups criticize it. “We found the hydraulic fracturing activities in the United States are carried out in a way that has not led to… Keep reading →

High Gas Prices Prompt Bush's Decision To Lift Ban On Offshore Oil Drilling

Ever wonder how oil drilled out of the ground reaches your car and home products, check out this infographic to find out and more! View post on  Courtesy of Aries Residence Suites.

Workers use heavy machinery to sift through coal at the Adani Power company thermal power plant, India's first supercritical 660 MW unit.  (Photo by SAM PANTHAKY/AFP/Getty Images)

Here’s something to keep in mind when you encounter a story detailing the fast rate of growth of renewable energy somewhere: It’s not good enough. Big change is afoot, and some learned observers are less pessimistic than others,  but there’s little mistaking what a desperate situation the world is in. The latest reminder comes in… Keep reading →

American Electric Power's (AEP) Mountain

Global carbon dioxide emissions held steady in 2014 at 32.3 billion tons even though the global economy grew by 3 percent according to the International Energy Agency (IEA). This is the first year since the IEA began tracking carbon emissions 40 years ago that emissions have decoupled from economic growth. Previous instances where CO2 emissions… Keep reading →

New EPA Regulation To Cut Emissions From Coal-Fired Plants In US

The International Energy announced on Friday  that while the world economy grew there was no increase in CO2 emissions in 2014. “This was “the first time in 40 years in which there was a halt or reduction in emissions of the greenhouse gas that was not tied to an economic downturn,” said the agency. Indeed,… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Fatih Birol, the Executive Director of the IEA, said at a recent conference that the US will not become the “next Saudi Arabia”, despite its position among the world’s top oil producers. “US oil production increased significantly and is due to continue to increase. This is excellent news for the United States and world oil… Keep reading →

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