The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these developments may impact Indian crude and product net trade. The Report looks at energy transition trends …
Oil and gas development, though it has met our demanding energy needs, also transforms landscapes, impacting both the environment and wildlife, new research says. As of late, roughly 50,000 new wells have been drilled annually in central North America, in areas such as the Bakken, Eagle Ford and the Marcellus …
Move by church’s £9bn fund to divest £12m from tar sands oil and thermal coal reflects more interventionist stance and sets lead for other institutional investors In a move approved by the church’s board on Thursday, it divested £12m from tar sands oil and thermal coal – the first time …
Silicon Valley start-ups are proud of their fast-paced culture and being first movers in creating new product categories and markets. UN climate change summits are the opposite: they sit and discuss the risks of being first movers by transforming our energy systems to reduce emissions and protect our planet, but …
Private and state-owned energy companies own reserves of fuel containing more than 3,200 gigatonnes of carbon dioxide – nearly five times the amount that can be burned if the global temperature is to be kept to within safe levels, according to a report. The World Bank and Bank of England …
Royal Dutch Shell released 76 million tonnes of direct greenhouse gas emissions, used 193 million cubic metres of fresh water, and disposed of 2.2 million tonnes of waste in 2014. The figures come from the oil and gas giant's latest Sustainability Report.
In the UK, Archbishop Desmond Tutu has demanded that his alma mater – King’s College London – sell off its fossil fuel shares and Oxford’s former finance director threw his weight behind calls for divestment by helping to take over a university administration building. In the US, Harvard alumni – …
Syracuse University will remove its $1.18bn (£800m) endowment from direct investments in fossil fuel companies, it announced on Tuesday. Syracuse is the biggest university in the world to have committed to remove its endowment from direct investments in coal, oil and gas companies. It aims to make additional investments in …
The Guardian Media Group (GMG) is to sell all the fossil fuel assets in its investment fund of over £800m, making it the largest yet known to pull out of coal, oil and gas companies. The decision was justified on both financial and ethical grounds, said Neil Berkett, GMG chair: …
Nearly one million new "green jobs" are expected to be created in China, the United States and the European Union by 2030 if the regions stick to their current pledges to curb global warming, scientists said on Tuesday. The three regions combined produce more than half the world's greenhouse gas …
This report develops an analytical framework that assesses the macroeconomic, environmental and distributional consequences of energy subsidy reforms. The framework is applied to the case of Indonesia to study the consequences in this country of a gradual phase out of all energy consumption subsidies between 2012 and 2020. The energy …
The annual Asian Development Outlook provides a comprehensive analysis of economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia. Steady growth in the region is sustained by economic reform at home, …
The Obama administration issued its first major fracking rules Friday with standards for wells on US federal and Indian lands, requiring disclosure of chemicals and covered storage of waste. While the vast majority of hydraulic fracturing, known as fracking, happens on state and private lands, there are more than 90,000 …
Numbers ranging from half a trillion to two trillion dollars have been cited in recent years for global subsidies for fossil fuels. How are these figures calculated and why are they so different? The most commonly used methods for measuring subsidies are the price-gap approach—quantifying the gap between free-market reference …
What do China's "war on pollution" and campaign against corruption have in common? They've both placed China's coal and oil empires in their crosshairs, and they're firing away. Over the past two years anti-corruption squads have investigated dozens of high-ranking officials in coal and oil bureaucracies, with the latest detention …
The Senate has failed to pass a bill that would override Barack Obama’s veto of the Keystone XL pipeline, in a victory for environmentalists who oppose the controversial project. The Republican majority, led by Senator Mitch McConnell, set up a cloture motion attempt to defeat the president after he vetoed …
A dozen wells used to pump oil and gas in California's Central Valley have been ordered to stop production to protect underground drinking water from contamination, officials said Tuesday. The operators of 10 oil wells in Kern County voluntarily stopped production, while two were issued cease-and-desist orders, said Steven Bohlen, …
Environmentalists in California filed a lawsuit on Wednesday against Contra Costa County over its approval last month of a plan to increase propane recovery at Phillips 66's Rodeo refinery, saying the environmental review did not take into account the broader impact of the project. In early February, the Contra Costa …
City becomes first capital in the world to join fossil fuel divestment movement, following demonstration of 1,000 people in February The City of Oslo has committed to selling off its investments in coal companies, citing the environmental damage caused by the fuel. It joins almost 40 cities around the world, …
Hundreds of thousands of academics, engineers and lawyers in Denmark are set to vote on divesting their €32bn (£23bn) pension funds from the fossil fuels that drive climate change. The first of a series of resolutions will be filed on Monday asking six funds to dump their coal investments by …
Scientists have witnessed carbon dioxide trapping heat in the atmosphere above the United States, showing human-made climate change 'in the wild' for the first time. A new study in the journal Nature demonstrates in real-time field measurements what scientists already knew from basic physics, lab tests, numerous simulations, temperature records …
