Focus on Oil
Brazil will not ‘shy away’ from fossil fuels as COP30 host: envoy
Brazil, host of COP30, won’t shy away from leading global talks on fossil fuel phaseout, despite being a major oil producer.
Oil majors are betting big on biofuels with over 40 projects by 2030, Rystad says
Major oil and gas companies plan 43 biofuel projects by 2030, boosting SAF production to cut emissions.
Trump administration plans to roll back Biden’s stricter fuel-efficiency standards
Trump's team plans to roll back Biden-era EV rules and fuel standards, aiming to ease automaker burdens and end the EV tax credit.
Alberta Energy Regulator orders Sunshine Oilsands to suspend wells, pipelines
Sunshine Oilsands Ltd. has been ordered to suspend its wells, facilities and pipelines for failing to meet regulatory obligations.
TC Energy CEO sees opportunity in Trump win as company refocuses on natural gas
As a company, TC Energy has already seen first-hand how business can flourish or be derailed by political winds south of the border.
US apartment buildings wrap up $1B in HUD funds for lower utility bills and climate upgrades
HUD's $1.4B Green Retrofit Program updates affordable housing, focusing on energy efficiency, cost savings, and climate resilience.
UK joins coalition to phase out fossil fuel subsidies
The UK joins 16 nations in a coalition to phase out fossil fuel subsidies at COP29 in Azerbaijan.
COP29 talks buoyed by G20 support but fears stoked over fossil fuels backsliding
The G20's support for a strong finance deal at COP29 was welcomed, but concerns arose over fossil fuel commitments.
Less offshore energy decommissioning work carried out in UK last year despite higher spend
UK decommissioning spend rose to £1.7bn in 2023, but well closures fell nine per cent, with resource clashes and cost inflation stalling progress.
What to know about Chris Wright, Trump’s choice to run the Energy Department
Trump’s Energy Secretary pick, Liberty Energy CEO Chris Wright, backs fossil fuels, fracking, and plans to reverse Biden’s climate policies.
