Banks ‘financed fossil fuels by £5.5tn since Paris Agreement’
The banks, which include UK giants like Barclays and HSBC, committed 705 billion dollars (£562 billion) in financing to fossil fuels in 2023
Opinion: Australia can have a future for the gas industry, or meet its climate commitments – but not both
Opinion: The Australian government has doubled down on gas, but Samantha Hepburn argues the country cannot open new gas projects and still meet...
China’s push for greener aluminium hit by erratic rains, power cuts
As rivers and reservoirs dwindle, smelters who flocked to southwest China for green energy find themselves scaling back production.
OPEC switches to ‘call on OPEC+’ in global oil demand outlook, sources say
From this month, OPEC will reportedly only give estimate of demand for crude from the wider OPEC+ group as it is 'more relevant'.
Ember: Electricity from clean sources reaches 30% of global total
For the first time, 30% of electricity produced worldwide was from clean energy sources as the number of solar and wind farms continued...
Canada’s energy minister defends carbon capture technology
Canada's Energy Minister Jonathan Wilkinson is defending carbon sequestration systems after a high-profile project in Alberta was abandoned over its price tag.
More and faster: Electricity from clean sources reaches 30% of global total
2023 was a record-breaking year for renewable energy sources, according to a report published Wednesday, May 8
Gasoline demand growth to slow this year on EV growth in China, U.S.
Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, driven by a shift to electric cars in China and the...
Heatwave swells Asia’s appetite for air-conditioning
Forecasts suggest that higher temperatures could see the number of air-conditioning units in Southeast Asia jump to 300 million by 2040
OPEC+ could extend oil cuts, formal talks yet to start, sources say
OPEC+ has implemented a series of output cuts since late 2022, which could continue if demand fails to pick up.
