Oil

Indian oil market outlook to 2030

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 …

Energy statistics 2015

This publication titled “Energy Statistics” is brought out every year by Central Statistics Office (CSO) and the present one is the 22nd in the series. The latest data on reserves, installed capacity, potential for generation, production, consumption, import, export and wholesale price of different energy commodities are included in the …

Asian development outlook 2015: financing Asia’s future growth

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, …

Obama administration puts out fracking rules for US federal lands

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 …

Fossil fuel subsidies: approaches and valuation

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 …

China Targets Big Oil In Wars On Corruption, Pollution

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 …

Senate fails to pass bill to override Obama's Keystone XL pipeline veto

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 …

California Shuts Down Oil Wells To Protect Groundwater

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 file suit over California oil refinery project

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 …

Oslo divests from coal companies

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, …

Members of €32bn Danish pension funds to vote on fossil fuel divestment

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 …

Is this scientific proof of climate change?Scientists witness carbon dioxide trapping heat in air for first time

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 …

Obama Vetoes Bill Pushing Pipeline Approval

WASHINGTON — President Obama on Tuesday rejected an attempt by lawmakers to force his hand on the Keystone XL oil pipeline, using his veto pen to sweep aside one of the first major challenges to his authority by the new Republican Congress. With no fanfare and a 104-word letter to …

Natural resources and conflict: a guide for mediation practitioners

Natural resources such as land, timber, water as well as extractive resources have played an important role in igniting and prolonging conflict - particularly in fragile states where management and oversight of such resources is often weak. In parallel, there is a growing recognition of the role of mediation for …

Calculating and reporting the potential greenhouse gas emissions from fossil fuel reserves: draft recommendations

This paper outlines a draft recommended methodology for quantifying and reporting the potential emissions from the fossil fuel reserves held by coal, oil and gas companies. It concentrates only on the carbon stored in reserves and attempts to account for the primary routes in which this carbon is released into …

Stormy seas, rising risks: what investors should know about climate change impacts at oil refineries

This report focuses on facilities run by the top five U.S. refining companies, assessing both the extent of their climate risk and the companies’ failure to address that risk and publicly disclose it to their investors. When thinking about fossil fuel companies in connection with climate change, it is usually …

Low oil price threat and opportunity for renewables: U.N. climate chief

The current low oil price is both good and bad for the renewable energy sector, United Nations climate chief Christiana Figueres said on Thursday at the World Economic Forum in Davos, Switzerland. Crude oil prices have fallen by around 60 percent since June, triggered by oversupply. Analysts expect prices to …

US-China climate deal offers hope for Paris negotiations: Obama

US President Barack Obama said Tuesday that the climate change deal signed by the US and China last November offers hope for reaching a global agreement in the Paris negotiations at the end of this year. "We made a historic announcement -- the United States will double the pace at …

Falling oil prices threaten electric cars and biofuels

Tumbling oil prices look set to hit electric cars and biofuels harder than other parts of the green power industry, the head of the world’s leading renewable energy agency has warned. That is because they compete directly with rivals such as petrol-fuelled cars that are becoming cheaper to run as …

Activists say Obama action on methane emissions 'misses 90% of pollution'

Barack Obama has defied a Republican Congress to move ahead on his climate agenda on Wednesday, cracking down on methane emissions from America's oil and natural gas boom. In a further use of the president's executive authority, the White House unveiled a strategy aimed at cutting methane - one of …

At least one major oil company will turn its back on fossil fuels, says scientist

The oil price crash coupled with growing concerns about global warming will encourage at least one of the major oil companies to turn its back on fossil fuels in the near future, predicts an award-winning scientist and former industry adviser. Dr Jeremy Leggett, who has had consultations on climate change …

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