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2026

2026

Row Escalates Between US And Russia Over Gas

There are signs that there is a growing diplomatic row between the US and Russia over energy and trade. The Times has reported how “American oil companies Chevron and ConocoPhillips could be shut out of a massive Arctic gas project...

Saudi Arabia Promises to help Reduce CO2 Emissions in Oil Industry

Saudi Arabia, the world's biggest oil exporter and therefore the world's largest indirect polluter, has finally signalled it will help the fight against global warming through, wait for it, helping research into reducing greenhouse gas emissions in the oil industry!...

Exxon No Longer Welcome in Venezuela

It looks like Exxon is about to be booted out of Venezuela, the fifth largest oil-exporting nation. On Wednesday, Venezuela's oil minister said that Exxon was no longer welcome. "We said we don't want them to be here" Minister Rafael...

Russian Gas Fallout – from the Frying Pan to the Fire

Although Russia has now switched the tap back on allowing gas exports to resume at full strength to the Ukraine, the ramifications of the dispute are still rumbling across Europe. You could argue that the Russian action could be beneficial...

Kremlin Targets BP

BP is coming under fresh pressure to relinquish control of one of its most valuable assets in Russia after Kremlin officials confirmed they would conduct an aggressive audit of its giant Kovykta natural gas field, run by TNK-BP. Inspectors allege...

EU Carmakers Complain Over CO2 Targets

On Wednesday the EU Commission will vote on whether to impose tough new CO2 emission limits for new motor vehicles. In a predictable response, European carmakers are warning that jobs will be lost and their brands will “suffer” if strict...

Davos: Merkel Calls for Binding Carbon Cuts

German Chancellor Angela Merkel called upon all countries to join a binding post-Kyoto settlement on cutting greenhouse gases when she opened the World Economic Forum in Davos yesterday. She said that the two greatest challenges facing the world were climate...

Al Qaeda Group Urges Attacks Against US Oil Interests

A Saudi Arabian terrorist group affiliated with Al Qaeda has urged Muslim militants to attack oil facilities worldwide, including in Canada, Mexico and Venezuela, to stop the flow of oil to the United States. Al Qaeda in the Arabian Peninsula...

Switzerland breaks major climate promise on taxpayer finance

Switzerland is the first signatory of the Clean Energy Transition Partnership (CETP) to water down its policy to end international public finance for fossil fuels. The country has now also surpassed the United States in providing the most international fossil...