Saturday, 1 February 2025

Focus on Fuel

FILE PHOTO: Smoke billows from a chimney at a combined-cycle gas turbine power plant while coinciding the COP28 is being held in Dubai, in Drogenbos, Belgium December 6, 2023. REUTERS/Yves Herman/File Photo
BusinessClimate FinanceEmissionsNatural GasNewsOil

Norway’s wealth fund falls short on climate ambitions, NGO says

Norway’s $1.8T wealth fund missed climate goals, backing only 4 of 21 key shareholder proposals on emissions targets in 2024.

AnalysisCarbon ManagementEmissionsHydrogenInfrastructureOpinionRegulations

Getting carbon capture right will be hard — but that doesn’t make it optional

Building a global CO2 disposal industry by 2050 is challenging, but it's essential for meeting climate goals and curbing fossil fuel impacts.

The Coral Triangle is home to six of the world's seven marine turtle species, and acts as a feeding ground for whales and other marine mammals (AFP)
BiodiversityClimateEnvironmentLiquefied Natural GasNewsOil

Report details fossil fuel threat to ‘Amazon of the seas’

Since July 2020, satellites have spotted 793 oil slicks in the 'Coral Triangle' — one of the ocean's most biodiverse areas, and which...

Fawley Oil Fired Power Station, Southampton, Hampshire. Government advises recommend the Government set a 81% emissions reduction target for 2035. (Gareth Fuller/PA)
Climate FinanceElectric Vehicles (EVs)EmissionsNewsPoliticsSustainable Aviation Fuel

Government advisers call for 81% cut in UK emissions by 2035

The British government is preparing to unveil plans for cutting emissions by 2035 under the global Paris Agreement.

FILE PHOTO: Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo
BusinessNatural GasNews

Blackstone in talks to buy US pipeline stakes from EQT for $3.5 billion, sources say

Blackstone nears $3.5B deal for EQT's pipeline stakes to reduce the gas producer's debt from its Equitrans acquisition.

Activists protest against investment in fossil fuels outside of the World Bank headquarters in Washington, DC (AFP)
ClimateCoalEconomyEmissionsEnvironmentIndigenousNatural GasNewsOilPoliticsTrade

G20 affirms commitment to transition from fossil fuels

G20 leaders reaffirmed their pledge to phase out fossil fuels and accelerate climate action for net zero by 2050 after talks.

The Darvaza gas crater in the heart of the Karakum Desert has been burning for half a century (AFP)
EmissionsNatural GasNewsRegulations

Turkmenistan’s ‘Gateway to Hell’ lit gas pit faces closure

Turkmenistan to capture gas from "Gateway to Hell" crater, risking closure to curb emissions ahead of COP29 climate summit.

FILE PHOTO: The logo of Italian energy company Eni is seen at Eni's Renewable Energy and Environmental R&D Center in Novara, Italy, September 26, 2019.  REUTERS/Flavio Lo Scalzo/File Photo
BiofuelsBusinessNews

Italy’s Eni sees 2.5-billion-euro net proceeds from disposals in 2025

Eni expects 2.5 billion euros in proceeds from disposals next year, following KKR's 2.9 billion euro biofuel stake purchase.

FILE PHOTO: An oil tank and an oil pumpjack are pictured in the Permian Basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo
EmissionsEnvironmentInfrastructureLegislationOilPoliticsRegulations

New Mexico studies oil drilling restrictions that would hit output, revenue

New Mexico's proposed drilling restrictions could cut 5.4 per cent of future oil output, causing billions in lost revenue, report says.

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