A recent report by the World Economic Forum on the future of the gas markets has highlighted the revolution that is currently happening in this sector. The report started by saying: “What a difference a few years can make in...
Last night, The President once again proposed ending subsidies to the oil industry. As we've said before, this is a great idea, and should be supported in full. That said, although we haven't seen details, it's quite unlikely that the...
Undermining its own credibility in Copenhagen and the integrity of its pledge to phase out support for fossil fuels, an agency of the Obama Administration, the United States Export-Import Bank, has reportedly approved $3 billion in financing for an Exxon...
Are the Iraqis gearing up for a major oil export drive? They have just launched their first new ship in 27 years and delivery of two more tankers is expected within three months. The Dijlah — the name for the...
Iraqi Oil Minister Hussain al-Shahristani has said that crude oil began to flow from the northern Iraqi city of Kirkuk to a Turkish export terminal last week. Al-Shahristani said Iraq is "pumping between 300,000 and 400,000 barrels a day of...
WWF is calling on the UK Government to stop using its Export Credit Agency (ECA) to subsidize Big Oil and other carbon intensive sectors. ECAs are public agencies that provide government-backed loans, guarantees, credits and insurance to private corporations from...
Russia has halted the delivery of oil to Europe via Belarus as the acrimonious row between the two countries escalates, raising fears of oil shortages in at least five countries. Transneft, Russia's state-controlled pipeline operator, said it had been forced...
Kazakhstan is making the international oil majors twitchy by saying it may impose a crude oil export duty as soon as mid-2008 to stabilise supplies on the domestic market. According to the Deputy Energy Minister Lyazzat Kiinov, the government is...
One of the flawed arguments of the Bush Administration was that it could not act unilaterally on reducing CO2 emissions as it would put the American economy at a competitive disadvantage. It therefore could not act until China and India...
As COP29 enters its second week in Baku, a parallel opportunity for climate finance leadership emerges in Paris, where OECD governments will gather to negotiate an end to $41 billion in annual oil and gas export subsidies.
