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Carbon Emissions

Paris and New York Join Climate Litigation Against TotalEnergies

The cities of Paris and New York have joined a coalition of associations and local authorities that are suing oil major TotalEnergies for failing to adequately …

Natural Gas

German Jan-July Gas Import Costs Surge 164% As Imports Drop 25.5%

The July statistics from Germany's foreign trade office BAFA are the fifth to reflect the impact of the war in Ukraine, which began on Feb. 24, and Western sanc…

Natural Gas

Why the World Needs to Invest in Fossil Fuels

The CEO of Saudi Aramco made headlines this week when he once again highlighted the need for more investment in oil and natural gas.

Belgium

Thousands Take to the Streets in Belgium Against Soaring Energy Prices

Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest t…

Offshore Wind Power

Portugal Ups Debut Offshore Wind Auction Target to 10 GW

Portugal has raised the target for its debut offshore wind power auction to 10 gigawatts (GW).

Oil Refinery

Strike Action Hits Exxon Mobil’s Oil and Petrochemical Plants in France

Strike action has reduced output at Exxon Mobil's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery and Notre Dame de Gravenchon (NDG) petrochemi…

United Kingdom

Cost of UK Support to Cap Energy Bills to Be Set Out on Friday

Britain's government will set out on Friday the cost of capping energy prices for households and businesses over the next few months.

Hydrogen Project

EU Gives Green Light for $5.2 Bln in State Aid for Hydrogen Development

The European Commission on Wednesday said it has approved 5.2 billion euros in public funding by 13 EU member states aimed at boosting the supply of renewable a…

Hydrogen Production

South Korean Firms to Set up Green Energy Hub in Australia

Three major South Korean groups said on Wednesday they hope to build a green energy export hub in Australia's Queensland state, aiming to produce a million tonn…

Natural Gas

Germany Takes Over Uniper, Raising Rescue Bill to $29 Bln

Germany confirms nationalisation of gas importer Uniper.

Carbon Pricing

Britain’s Drax Signs Deal to Sell 2 Million U.S. Carbon Removal Credits

British power generator Drax has signed a memorandum of understanding with carbon finance firm Respira International

Net Zero Emission

GM Backs Setting Tough U.S. Emissions Targets for 2030

General Motors Co said on Tuesday it backed establishing tougher federal emissions standards to help ensure at least 50% of new vehicles sold by 2030 are zero-e…

Natural Gas

Australia Court Scraps Drilling Permit for Santos’ $3.6 Bln Barossa Gas Project

Australia's Federal Court on Wednesday ruled in favour of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in…

Natural Gas

Hungary Warns Against Further EU Sanctions on Russia

Hungary’s Foreign Minister Peter Szijjarto is warning that further EU sanctions on Russia would only hurt the bloc’s members.

Energy Transition

UN Secretary-General Calls for a Fossil Fuels Intervention

The fossil fuel industry is "feasting" on billions in subsidies and windfall profits as "our planet burns," UN Secretary-General Antonio Guterres said on Tuesda…