The US is ready to accept "binding international obligations" on reducing greenhouse gas emissions if other nations do the same, according to officials. The US hopes the world's major economies will conclude a "leaders' declaration" before the July G8 summit....
Interesting op-ed from a Silicon Valley newspaper by the CEO of Akeena Solar, which calls itself America’s leading solar installer. The CEO, Barry Cinnamon, argues “This week the House of Representatives will vote on the Renewable Energy and Energy Conservation...
Iraqi Oil Minister Hussein Sharistani said Iraq intends to almost double its oil production over the next two years per day from 2 million bpd to 4.5 million bpd within two years'. He said the goal will be reached thanks...
The British government is in “danger of losing credibility on climate change” because more than half of all its departments are failing to reduce their carbon emissions enough to reach levels that the nation as a whole is expected to...
In contrast to record profits at Shell and Exxon, Profits at BP, the UK's largest company, fell 22 per cent to $17.29 billion last year. The oil giant confirmed it would cut 5,000 jobs and target a 20 per cent...
As the US government invites tenders for oil and gas leases in the Chukchi Sea, just days before a ruling on whether the polar bear should be added to the list of endangered species, it is facing a new scandal....
Interesting blog from the Canada’s Globe and Mail. Andrew Willis from the Globe looks at the recent criticism BP has gotten for investing in oil sands. Notice the dichotomy between the city investors that argue BP should invest in oil...
Venezuelan President Hugo Chavez has threatened to cut off oil supplies to the US if it continues what he calls an economic war. "Take note Mr Bush, Mr Danger," said Mr Chavez in his weekly televised address. "I will cut...
Climate change could lead to a heatwave in the south-east of England killing 3,000 people within the next decade, a UK government report has warned. Without preventative action, the report said that a nine-day heatwave, with temperatures averaging at least...
Russian state oil company Rosneft will increase output by a half by 2020 due to new assets and fields, according to its head as it aims to become the world’s top listed oil producer. Sergei Bogdanchikov said Rosneft will produce...
