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Policy & Regulation
UK energy sector unites behind calls to grant ofgem ‘net zero mandate'
German Economist Sues OPEC, Wants $50 in Compensation
A German economist has filed a lawsuit against OPEC with a Berlin court.
U.S. EPA Allowed Two-Week Extension to Issue Biofuel Blending Proposal
The U.S. Environmental Protection Agency (EPA) and a biofuels trade groups have agreed to extend by two weeks a deadline the agency has to issue a proposal on 2023 biofuel blending obligations.
Drillers Ask U.S. To Exempt Smallest Wells From Looming Methane Rule
Oil and gas companies have asked the Biden administration to exempt hundreds of thousands of the nation's smallest wells from upcoming rules requiring drillers to find and plug leaks of methane.
Rishi Sunak Could Still Be at COP27
Downing Street has said his position of not being at the climate summit is “under review”
EU Approves Effective Ban on New Fossil Fuel Cars From 2035
The European Union struck a deal on Thursday on a law to effectively ban the sale of new petrol and diesel cars from 2035, aiming to speed up the switch to electric vehicles and combat climate change.
Australian Energy Minister Does Not Rule Out Price Caps
Australia's Energy Minister Chris Bowen said on Friday the country could not rule out energy price caps, as it deals with rising fuel costs.
European Union Hopeful of Striking Energy Deal With Argentina Soon
The European Union said on Thursday that it hopes to sign an energy memorandum of understanding with Argentina "soon," as the region looks to tackle energy supply issues triggered by the war in Ukraine.
Nuclear Power Plant
U.S. Developing Domestic Uranium Strategy -Energy Secretary
The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce dependency on Russia for the fuel, Jennifer Granholm.
Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM
Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament on Wednesday.
Net Zero Emission
EU Seeking Deals on Three Climate Laws in Time for U.N. Summit
The European Union is aiming to clinch deals on three new laws to fight climate change in time for the annual United Nations climate negotiations next month.
Offshore Wind Power
RUK Urges Sunak to Back Renewables as New Prime Minister
Trade group also calls for a rethink of recent Conservative policy that could 'undermine' investor confidence.
Germany Evaluating if Consumer Gas Price Brake Can Be Brought Forward
German finance minister Christian Lindner said on Sunday it was not yet clear whether a gas price brake for consumers and small businesses planned from March could be brought forward.
Net Zero Emission
Australia Signs up to Global Pledge to Cut Methane Emissions by 30%
Australia's climate change minister Chris Bowen on Sunday said the government has joined the Global Methane Pledge as part of multilateral efforts to reduce global methane emissions.
Global Climate Disclosures to Cover Full Gamut of Carbon Emissions
Planned new global corporate sustainability disclosures will include the full range of carbon emissions, but with 'relief provisions' on measuring greenhouse gas discharges from a company's suppliers.
Liz Truss Resigns, Becomes the Shortest Serving Prime Minister in History
New UK PM Liz Truss, the former oil economist for Shell, tendered her resignation on Thursday, just days after putting forward a budget that wreaked havoc in the financial markets and was ill-received by her own party.
U.S. Senate Panel Advances Bill to Rein In OPEC+ Over Oil Output Cut
A U.S. Senate committee this week quietly advanced a bill that seeks to rein in OPEC+ after the oil producer group led by Saudi Arabia and Russia this month agreed to cut output.
20th CPC National Congress
20th CPC National Congress | China’s Commitment to the World in Key CPC Blueprint Bolsters Global Confidence
China will accelerate creating a new development pattern and pursue high-quality development, said Xi Jinping while delivering the report to the key CPC congress.
Spain to Pull out of Treaty Protecting Energy Investments
Spain has started the process of withdrawing from the Energy Charter Treaty, a European treaty protecting energy investments.
Net Zero Emission
Canada's Watchdog Launches Investigation Into RBC Over Climate Complaints
Canada's Competition Bureau has launched an investigation into Royal Bank of Canada (RY.TO) over allegations that the country's largest lender had misled customers on its commitments regarding climate action.
Austria Seeks Allies for Legal Challenge to EU Green Investment Rules
Austria said on Monday it was seeking to enlist other European Union countries to support its legal action against Brussels for labelling investment in gas and nuclear power as "green".
EU Countries Eye Deal on More Energy Measures Within Weeks
European Union countries will seek a November deal on more emergency measures to tackle high gas prices.
U.S. Senate Votes to Amend Global Treaty to Curb Climate-Warming Gas
The U.S. Senate on Wednesday voted 69-27 to ratify an amendment to the Montreal Protocol that would cut the use of hydrofluorocarbons (HFCs), a major greenhouse gas, in a key step towards combating climate change.
European Commission – Demand Reduction and Taxes to Tackle Energy Costs
The European Commission has tabled an ‘emergency intervention’ to tackle the spiralling energy prices in the face of the Russia-Ukraine conflict.
Emergency Measures on Electricity Market: Avoid a Patchwork That Undermines Renewables Investments
The European Commission has proposed new rules that would cap the price of wind energy and other so-called inframarginal power generation at €180/MWh.
EU Parliament Backs Higher Targets on Renewables and Energy Savings
European Union lawmakers voted on Wednesday to raise the bloc's targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to quickly end Europe's reliance on Russian gas.
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Russia Ready to Support Gasoline Export Restrictions
Jetex Enters Agreement With 360 Jet Fuel to Offer SAF Book-And-Claim System
Nuclear Regulators to Collaborate on SMRs
World Fuel Services, Neste Sign Supply Agreement for SAF
20 Carbon Storage Licenses Offshore UK Offered to 12 Companies
U.S. Senators Introduce Community and Hydropower Improvement Act