Focus on Oil
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.
New U.S. sanctions probably spell end of EU energy payments through Russia’s Gazprombank
"EU payments for energy resources through Gazprombank will likely become impossible at the end of 2024," analysts say.
Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry
Chris Wright, President-elect Donald Trump's pick to lead the energy department, believes fossil fuels are the key to ending world poverty.
Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking
In the last decade, there were 89 leaks from the Petroperu pipeline running through the Amazon Rainforest.
Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations
Phillips 66 indicted for Clean Water Act violations, accused of dumping oily wastewater from its Carson refinery into LA sewers.
Exxon Mobil pulls out of talks with Guyana over shallow water oil block
Exxon exits Guyana talks on shallow-water block S8, citing plans for carbon capture; Hess and CNOOC’s involvement remains unclear.
Indian PM Modi highlights interest in Guyana’s oil
India seeks oil from Guyana, citing rising energy needs, as the two nations sign agreements on energy, agriculture, and defense cooperation.
Cost of support measures for fossil fuels decreased sharply in 2023 but remains elevated relative to its historical average
21 November 2024 The cost of government support measures for the production and consumption of fossil fuels decreased sharply in 2023, as energy...
Climate protesters arrested outside Pierre Poilievre’s official residence in Ottawa
Two Greenpeace activists were arrested after blocking Pierre Poilievre’s Ottawa residence with a replica oil pumpjack, police report.
