The world’s five largest international oil companies (IOCs) and five largest U.S. independent refiners made over US$65 billion in profits in the second quarter of 2026 as conflicts in the Persian Gulf and Ukraine spiked oil prices and caused refined...
The 2026 United Nations General Assembly (UNGA) and New York Climate Week come at a moment of devastating climate impacts and profound geopolitical instability.
Reps. Jan Schakowsky (D-IL) and Nanette Diaz Barragán (D-CA) introduced the Future Generations Protection Act to help ensure a rapid shift to clean renewable energy by stopping further expansion of fracking and new fossil fuel infrastructure.
with Steve Kretzmann Much is being written and said about rising gas prices, Obama’s energy policies in general and the Keystone XL pipeline in particular. While the President’s opponents repeat ad infinitum the “Drill Baby Drill” mantra, it has been...
Love it or loath it as the voice of business, you can say one thing about the Financial Times, it normally covers the energy beat with a reasonable degree of accuracy. That’s why is was so disappointing to read the...
The Keystone XL pipeline has been presented as a boon to U.S. energy security by its proponents. It is no such thing.
Over the past decade, nearly 90% of the U.S. Export-Import Bank's total finance for energy projects has flowed to projects in oil, gas, and coal. As momentum grows for climate solutions in the U.S. and abroad, there is an urgent...
Credendo's new policy is meant to implement the Glasgow commitment to end international public finance for fossil fuels by the end of 2022, but it leaves loopholes for existing oil and gas fields and gas-fired power.
Rather than match the international policy, today’s announcement leaves the door open indefinitely to domestic public finance for oil and gas, only committing to “announce by fall 2024 the implementation plan” to phase out these flows.
U.S. single biggest violator of CETP pledge, approving the most fossil fuel projects of any signatory for a total of almost USD $2.3 billion.
