Wednesday, 5 February 2025
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Valerie Volcovici

FILE PHOTO: A polar bear sow and two cubs are seen on the Beaufort Sea coast within the 1002 Area of the Arctic National Wildlife Refuge in this undated handout photo provided by the U.S. Fish and Wildlife Service Alaska Image Library on December 21, 2005.  U.S. Fish and Wildlife Service/Handout via REUTERS/File Photo
BusinessEconomyNewsOil

Oil industry unlikely to rush to Alaska despite Trump’s call to drill

By Sheila Dang and Valerie Volcovici HOUSTON/WASHINGTON (Reuters) – U.S. oil and gas companies are unlikely to expand development in Alaska and the...

FILE PHOTO: Special envoy to the United Nations for climate change Michael Bloomberg speaks during the One-on-One discussion panel with International Monetary Fund (IMF) Managing Director Christine Lagarde on side of the IMF/World Bank spring meeting in Washington, U.S., April 19, 2018. REUTERS/Yuri Gripas/File Photo
ClimateClimate FinanceEmissionsNewsPolitics

Bloomberg philanthropy to cover U.S. climate dues after Paris withdrawal

By Valerie Volcovici WASHINGTON (Reuters) -Former New York Mayor Michael Bloomberg’s philanthropy arm said on Thursday it will provide funding to help cover...

A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025.  REUTERS/Todd Korol
AnalysisOilPolitics

Trump’s climate withdrawal creates rare discord with Big Oil

U.S. oil and gas producers welcome Trump's push for domestic energy but fear exiting climate deals could hurt global clean energy investments.

President Donald Trump and Vice President JD Vance listen to Christopher Macchio sing during the 60th Presidential Inauguration in the Rotunda of the U.S. Capitol in Washington, Monday, Jan. 20, 2025.     Julia Demaree Nikhinson/Pool via REUTERS
BusinessNewsPolitics

Trump to declare ‘national energy emergency’ to boost fossil fuels, power projects

Donald Trump will sign an executive order declaring a national energy emergency aimed at boosting U.S. oil and gas production.

FILE PHOTO: The Rocky Mountains are pictured as a layer of air pollution hangs over Denver, Colorado, U.S. January 21, 2020. Picture taken January 21, 2020. REUTERS/Jim Urquhart/File Photo
ClimateNewsPolitics

Trump to withdraw from Paris climate agreement, White House says

U.S. President Donald Trump will withdraw from the Paris climate agreement, according to a White House document released on Monday.

FILE PHOTO: Former U.S. Rep. Lee Zeldin gestures as he speaks at the Nassau Veterans Memorial Coliseum during a rally held by Republican presidential nominees and former U.S. President Donald Trump, in Uniondale, New York, U.S., September 18, 2024. REUTERS/Brendan McDermid/File Photo
EmissionsNewsRegulations

Trump’s pick to lead EPA says agency authorized, not required to regulate CO2

Zeldin, Trump’s EPA pick, calls climate change real but says agency is authorized, not required, to regulate CO2.

The Stratos Direct Air Capture Facility (DAC), a joint venture between Occidental Petroleum (OXY) and asset manager BlackRock, is seen in Ector County, Texas, U.S., July 28, 2024.  REUTERS/Adrees Latif/ File Photo
BusinessCarbon ManagementElectricityFuelInfrastructureNews

Earthquakes and blowouts undermine case for carbon storage in Texas

Carbon sequestration is vital to U.S. government goals to reduce emissions that cause global warming.

FILE PHOTO: Solar panels at the background as U.S. President Joe Biden speaks during a visit to Vernon Electric Cooperative in Westby, Wisconsin, U.S., September 5, 2024. REUTERS/Kevin Lamarque/File Photo
BusinessCarbon ManagementEconomyElectricityHydrogenLegislationNewsPoliticsRegulationsSolarWind

Biden pushes out over $100 billion in clean energy grants as term winds down

Biden administration surpasses $100B in climate law grants, securing clean energy projects ahead of Trump’s term.

FILE PHOTO: An activist holds a balloon in the form of the globe during a protest action at the COP29 United Nations climate change conference, in Baku, Azerbaijan November 21, 2024.
AnalysisClimate FinanceElectionsEmissionsUnited Nations

Contentious COP29 deal shows climate cooperation fraying at edges

Among the biggest factors clouding the negotiations at COP29 was the return of climate skeptic Donald Trump as president of the U.S.

A screen displays Chandni Raina of India as she speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 24, 2024. REUTERS/Maxim Shemetov
Climate FinanceCoalEmissionsEnvironmentNewsOilWeather

Rich countries raise COP29 climate finance offer to $300B as developing nations fume

Wealthy nations at COP29 agree to raise their climate funding offer to $300 billion annually by 2035 for developing countries.

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