‘Historic milestone’: Ecuador nears vote to keep Amazon oil in the ground
Experts consulted by Climate Home News suggested the vote will define Ecuador’s economic model for the future.
Oil
See all
Regulator blocks Brazilian oil drilling, sparking conflict within government
While President Lula’s environment minister Marina Silva supported the decision, Lula ally Randolfe Rodrigues vowed to oppose it
African banks back oil export pipeline despite climate commitments
Lenders including Afreximbank are backing Uganda’s EACOP project, while publicly talking up their support for a just energy transition.
Argentina secures funding boost to kickstart gas exports from ‘carbon bomb’
President Alberto Fernández is seeking funding for an export pipeline that would channel Vaca Muerta’s gas to neighbouring countries
Study: IPCC asks emerging countries to drop coal faster than rich nations did
A new study has found that most energy transition models ask nations like China, India and South Africa to cut coal use twice as fast as developed countries ever did.
US proposes up to 11 new offshore oil leases, under industry pressure
The Biden administration is consulting on scaled-back oil development in federal waters, after a judge warned against a total ban
Mexico’s oil gets even dirtier as flaring continues to soar
Since president Andrés Manuel Lopez-Obrador was elected in 2018, oil companies have burned more and more gas as a byproduct
Canadian government ducks fight with oil and gas industry
The Trudeau Administration is delaying delivery of a promised cap on emissions from the fossil fuel sector, insisting there is no need to curb production
Oil and SUVs: Why Canada’s emissions have risen since Trudeau took office
Justin Trudeau’s climate compromise allowed the oil sector to grow, driving emissions up before his carbon price could bite
India’s biggest oil refiner to invest $10bn in clean energy ‘gigafactories’
Reliance Industries plans to mass produce solar panels, renewable hydrogen, fuel cells and batteries in Jamnagar, alongside the world’s largest oil refinery
Oil pipeline inspection industry ‘going wrong’ as surveys fail to prevent spills
Three separate companies inspected the San Pablo Bay pipeline for faults during a series of spills that dumped 900 barrels of crude onto farmland in California
Tullow oil project in drought-hit part of Kenya suspended
Energy minister announces hold on Canadian-British firm’s plan to export oil from the unstable, drought-ravaged region of Turkana
China, India swoop on first barrels of Kenyan oil
In a remote region, riven by years of drought and conflict, the prospect of new oil is attracting attention from oil-hungry economies in Asia
Trump to approve Keystone XL, Dakota pipelines – report
Trump will reportedly approve two highly controversial oil pipelines as old environmental battle lines are redrawn in the US
Six bits of crucial context for Trudeau tar sands “gaffe”
Right wingers went spare when Canada’s prime minister said tar sands need to be phased out. Here’s why they’re being disingenuous
Statoil chief: rise of electric cars will shrink oil industry
Once regarded as a joke, the electric car sector is growing fast with some predicting it could take a 35% share of car sales by 2035 – bad news for oil majors
Fossil fuel subsidies to hit $5.3 trillion in 2015, says IMF study
NEWS: Governments could cut 20% of global greenhouse gas emissions at a stroke if they stopped subsidising oil, gas and coal
Leading oil producers commit to slash gas flaring emissions
NEWS: New initiative to stop gas being flared off from oil production sites could prevent release millions of tonnes of emissions
Gulf states facing social and economic crisis as oil revenues crash
NEWS: Declining oil revenues and young populations could land Middle East leaders with growing headache, says study
China climate policy hits oil demand growth forecast
NEWS: The International Energy Agency predicts a slowdown in oil consumption as emerging economies start to green their growth
Arctic still profitable despite $50 oil – Statoil
NEWS: Norwegian oil major rebuts notion that Greenland withdrawal is evidence of “carbon bubble”
Gulf states will let oil price fall further, say ministers
NEWS: Saudi refusal to cut oil production could drive prices lower and make tar sands, deepwater and shale projects unviable
Oil price crash proves renewables are future – UN climate chief
NEWS: Volatility of crude prices demonstrates need to target energy system with free fuel, argues Christiana Figueres
Oilfield expansion unsustainable amid tumbling prices – OPEC
NEWS: OPEC president warns new oilfields could be unsustainable as prices fall to 4-year low, while activists target Exxon Mobil