Internet search company Google yesterday committed hundreds of millions of dollars to renewable energy projects. Larry Page and Sergey Brin, Google co-founders, announced its initiative to produce electricity from renewable energy sources rather than coal. Mr Page said: “Our goal...
Higher royalties in Alberta will not hurt the "overall viability" of Petro-Canada oil sands projects, but some planned investment in conventional oil and gas in the province will be affected, CEO Ron Brenneman said yesterday. "At least at this point...
One hundred and fifty global business leaders have called for a legally-binding and comprehensive international deal on climate change. The statement - backed by Prince Charles - will be sent to environment ministers and heads of state ahead of talks...
In a move that is said to have surprised even some environmentalists, the US House of Representatives has put forward a $21 billion energy package, including repealing tax breaks given to oil companies in 2005. The bill will cause problems...
Indonesia – the host country for the UN climate talks - has hit out at developed countries for presenting "empty propaganda" during the talks and stalling proposals to pay to protect the world's forests. The head of the Indonesian delegation,...
Eni SpA, Italy's largest oil company, plans to jointly invest $28 billion with Libya to expand crude and natural-gas production in the North African country. The 10-year spending program will be evenly split between Eni and Libya's state-run National Oil...
The Reuters news agency is reporting that Ecuador has confirmed it will not allow oil drilling inside part of the Yasuni rainforest. The move could hurt the operations of China's Andes Petroleum, Spain's Repsol, and Brazil's Petrobras who manage oil...
Nigeria has become the latest country to signal it wants to review its contracts with international oil companies as part of a major shake-up in the energy sector. It will inevitably lead to tougher financial conditions for the oil companies....
The Wilderness Society is urging people to oppose the Bush Administration’s plans to sacrifice one of the world's most important ecosystems in Alaska. Although nearly ninety percent of this region is already open to oil and gas drilling, the ecologically...
A Darfur rebel group has claimed it has attacked a Sudanese oilfield in the Kordofan region, taking a Canadian and an Iraqi oil worker hostage, according to the BBC. The group, the Justice and Equality Movement (Jem), said it attacked...
