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2026

2026

China May Lead Iraq Oil Race

China may have sat out the Iraq war, but that does not stop it eyeing up the spoils of war. Desperate to find it new sources of oil to fuel its growing economy, it could be the first country to...

Oxy Pulls Out of Peru

Environmental groups and indigenous leaders have claimed a dramatic victory after Occidental Petroleum Corp confirmed plans to withdraw from a controversial oil and gas venture in Peru. Occidental's departure, which the company said is contingent on approval by the Peruvian...

Arnie Splits the Oil Companies In California

We are used to Arnie's muscle winning the day in Hollywood block-busters, but now it seems that the California's Governor has won a different victory. He has managed to split the once united front of the oil companies on climate...

Carbon Offset Companies Using Enron Style Accounting

A new report from Climate Trade Watch, which is affiliated to the Transnational Institute, accuses carbon offset companies of using the same sort of ‘future value accounting’ that caused the collapse of energy giant Enron. The report argues that when...

Countries have a choice: LNG or energy security

While all countries agreed to transition away from fossil fuels at UN climate talks in Dubai in 2023, fossil fuel interests are peddling massive LNG expansion under the guise of fulfilling energy security needs - creating a roadblock to a...

The Cost of Subsidizing Fossil Fuel Production In Turkey

Market distorting subsidies to fossil fuels contribute to greenhouse gas (GHG) emissions and impede the transition to sustainable, low-carbon development. In 2009, G-20 countries committed to phase out “inefficient” fossil fuel subsidies in an effort to specifically address climate change and boost...