Tag #Fossil Fuels

Showing 49 to 60 of 170 results

forbes.com

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Feb 20, 13:10

Big Oil's Small Share of Global CO2 Emissions Undermines Climate Lawsuits

The five largest integrated oil companies accounted for 5.4% of global CO2 emissions in 2023, while the US alone contributed 24.5% over the past 60 years; lawsuits targeting these companies ignore broader responsibility for climate change.

Big Oil's Small Share of Global CO2 Emissions Undermines Climate Lawsuits

The five largest integrated oil companies accounted for 5.4% of global CO2 emissions in 2023, while the US alone contributed 24.5% over the past 60 years; lawsuits targeting these companies ignore broader responsibility for climate change.

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How does the distribution of responsibility for greenhouse gas emissions shift when considering producers versus consumers of fossil fuels?

While oil companies profit from fossil fuel production, consumers—including governments and businesses—are the primary users of these fuels. Holding only a few Western corporations accountable ignores the far larger contributions from national oil companies and coal producers globally.

abcnews.go.com

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Feb 19, 19:15

Trump's Renewed Support for Troubled Alaska Gas Pipeline Project

President Trump's recent comments supporting the $44 billion Alaska gas pipeline project, which would transport liquefied natural gas to Asia, have renewed debate about its feasibility despite past failures and over $1 billion in state investments. The project faces economic hurdles and competition ...

Trump's Renewed Support for Troubled Alaska Gas Pipeline Project

President Trump's recent comments supporting the $44 billion Alaska gas pipeline project, which would transport liquefied natural gas to Asia, have renewed debate about its feasibility despite past failures and over $1 billion in state investments. The project faces economic hurdles and competition ...

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What are the immediate economic and political consequences of President Trump's renewed support for the Alaska gas pipeline project?

President Trump's repeated endorsements of the Alaska gas pipeline, a project facing $44 billion in estimated costs and competition from other ventures, have drawn renewed attention and support from Alaskan leaders. Despite past efforts and over $1 billion in state investment, the project's economic feasibility remains questionable. This renewed interest follows Trump's recent comments at a news conference with Japan's prime minister, suggesting potential joint ventures.

politico.eu

🌐 85% Global Worthiness

Feb 18, 16:10

EU Considers Investing in Overseas Fossil Fuels to Lower Energy Prices

The European Union is considering investing in overseas fossil fuel infrastructure and shifting to long-term LNG contracts to lower energy prices for its industries, potentially using public funds to support American LNG projects, a move that could clash with climate goals and face opposition from e...

EU Considers Investing in Overseas Fossil Fuels to Lower Energy Prices

The European Union is considering investing in overseas fossil fuel infrastructure and shifting to long-term LNG contracts to lower energy prices for its industries, potentially using public funds to support American LNG projects, a move that could clash with climate goals and face opposition from e...

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How does the EU's proposed plan to address high energy prices balance its climate change objectives with economic needs?

This policy change reflects the EU's response to industry complaints about high energy costs, making them less competitive than the U.S. and China. By potentially investing in American LNG projects, the EU aims to secure more affordable and stable energy supplies, mirroring Japan's strategy of securing long-term contracts and reducing reliance on Russian gas. The plan also includes measures to upgrade power grids and streamline permitting for nuclear technologies.

faz.net

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Feb 14, 13:11

Global Electricity Demand to Surge 4% Annually Until 2027

Global electricity consumption is projected to increase by almost 4 percent annually until 2027, driven by developing nations' energy needs and industrial growth; China's demand is surging, while the EU's is recovering; despite the rise of renewables and nuclear power, fossil fuel use is expected to...

Global Electricity Demand to Surge 4% Annually Until 2027

Global electricity consumption is projected to increase by almost 4 percent annually until 2027, driven by developing nations' energy needs and industrial growth; China's demand is surging, while the EU's is recovering; despite the rise of renewables and nuclear power, fossil fuel use is expected to...

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How do the contributions of developing nations, particularly China, compare to those of developed nations like the EU and the US in driving this surge in electricity demand?

This surge reflects rising energy needs in emerging economies and increased industrial electricity demand. China's rapid growth, fueled by solar panel, battery, and electric vehicle production, as well as data center and 5G expansion, highlights this trend. The EU's electricity demand is recovering but lags behind pre-2021 levels.

kathimerini.gr

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Feb 12, 10:11

BP Cuts Renewable Energy Investments, Prioritizes Fossil Fuels

BP, facing decreased 2024 profits (\$8.9 billion vs \$13.8 billion in 2023), is dramatically reducing renewable energy investments and boosting oil and gas production, mirroring actions by Shell and Equinor, amid political support for fossil fuels and despite scientific warnings on climate change.

BP Cuts Renewable Energy Investments, Prioritizes Fossil Fuels

BP, facing decreased 2024 profits (\$8.9 billion vs \$13.8 billion in 2023), is dramatically reducing renewable energy investments and boosting oil and gas production, mirroring actions by Shell and Equinor, amid political support for fossil fuels and despite scientific warnings on climate change.

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How does BP's strategic shift reflect broader trends within the energy industry and the political landscape?

This strategic reversal by BP highlights the complex interplay between profit motives and environmental concerns within the energy sector. The decreased profitability of renewables, coupled with political support for fossil fuels, seems to be influencing these major companies' decisions.

theguardian.com

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Feb 10, 16:11

Elliott Investment Stake Sends BP Shares Soaring

BP's shares surged 8%—its biggest jump since 2020—after activist investor Elliott Investment Management took a stake, prompting speculation of strategic changes, including board shakeups and a potential return to focusing more on fossil fuels.

Elliott Investment Stake Sends BP Shares Soaring

BP's shares surged 8%—its biggest jump since 2020—after activist investor Elliott Investment Management took a stake, prompting speculation of strategic changes, including board shakeups and a potential return to focusing more on fossil fuels.

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What is the immediate impact of Elliott Investment Management's investment in BP?

Elliott Investment Management's significant stake in BP has driven an 8% surge in BP's shares, the largest since 2020. Investors anticipate strategic overhauls, including board changes and a potential shift back toward fossil fuels, following years of underperformance.

theguardian.com

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Feb 20, 01:12

Environmental Groups Sue Trump Administration Over Offshore Drilling

On Wednesday, environmental groups filed two lawsuits against the Trump administration challenging its decision to open more US waters to oil and gas drilling, citing illegality and harm to ocean ecosystems; the lawsuits target the revocation of Biden-era protections for 395 million acres of federal...

Environmental Groups Sue Trump Administration Over Offshore Drilling

On Wednesday, environmental groups filed two lawsuits against the Trump administration challenging its decision to open more US waters to oil and gas drilling, citing illegality and harm to ocean ecosystems; the lawsuits target the revocation of Biden-era protections for 395 million acres of federal...

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How do the Trump administration's actions regarding offshore drilling align with its broader energy policy goals?

These lawsuits target the Trump administration's revocation of Biden-era protections for 265 million acres of federal waters and a 2021 decision protecting nearly 130 million acres in the Arctic and Atlantic. The administration's actions are seen as prioritizing short-term economic gains over long-term environmental sustainability. This is consistent with Trump's broader agenda of boosting the fossil fuel industry.

theguardian.com

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Feb 18, 16:10

Trump Re-election Spurs US State-Level Climate Accountability Laws

Following Donald Trump's reelection, several US states are passing laws holding fossil fuel companies financially responsible for climate change damages, facing legal challenges but enjoying widespread public support.

Trump Re-election Spurs US State-Level Climate Accountability Laws

Following Donald Trump's reelection, several US states are passing laws holding fossil fuel companies financially responsible for climate change damages, facing legal challenges but enjoying widespread public support.

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What is the immediate impact of Donald Trump's reelection on climate accountability efforts in the US?

Following Donald Trump's reelection, several US states are enacting laws holding fossil fuel companies financially responsible for climate damages, mirroring the EPA's Superfund program. This "make polluters pay" approach faces legal challenges from red states and the industry, but enjoys significant public support.

forbes.com

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Feb 16, 22:08

Trump Reverses Climate Policies, Prioritizes Fossil Fuels

Following the pardon of insurrectionists, Donald Trump issued executive orders withdrawing the US from the Paris Agreement, halting funding for green energy initiatives, and prioritizing domestic oil and gas production—actions that contradict significant investments in renewable energy and threaten ...

Trump Reverses Climate Policies, Prioritizes Fossil Fuels

Following the pardon of insurrectionists, Donald Trump issued executive orders withdrawing the US from the Paris Agreement, halting funding for green energy initiatives, and prioritizing domestic oil and gas production—actions that contradict significant investments in renewable energy and threaten ...

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How do Trump's actions align with or contradict global efforts to mitigate climate change, and what are the potential international repercussions?

Trump's actions contradict the global movement toward renewable energy and threaten the progress made under the Paris Agreement and the Inflation Reduction Act. His focus on short-term energy price reduction overlooks the significant long-term economic and health costs associated with fossil fuel reliance, including $820 billion in annual health costs from air pollution in the US alone.

kathimerini.gr

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Feb 12, 01:11

Trump's Energy Policy: US Dominance and Climate Accord Withdrawal

President Trump's energy policy prioritizes increasing US hydrocarbon production and exports, potentially forming an energy alliance with Russia, while withdrawing from the Paris Agreement and prioritizing economic growth over climate action; in 2023, US daily oil production reached 19.4 million bar...

Trump's Energy Policy: US Dominance and Climate Accord Withdrawal

President Trump's energy policy prioritizes increasing US hydrocarbon production and exports, potentially forming an energy alliance with Russia, while withdrawing from the Paris Agreement and prioritizing economic growth over climate action; in 2023, US daily oil production reached 19.4 million bar...

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What is the core goal of President Trump's energy policy, and what are its immediate global implications?

Under President Trump's leadership, the US aims to boost domestic hydrocarbon production and increase energy exports, leveraging its shale oil and gas reserves and becoming a dominant global energy player. This strategy involves further increasing oil and gas production despite existing energy self-sufficiency, driven by a four-year period of overproduction and export growth, particularly in LNG.

dailymail.co.uk

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Feb 11, 01:09

Elliott Investment Sends BP Shares Soaring

Activist investor Elliott Investment in BP caused a 7.4% surge in BP's shares to 465.15p, prompting speculation about potential company restructuring, leadership changes, and divestment from renewable energy projects due to underperformance compared to rivals.

Elliott Investment Sends BP Shares Soaring

Activist investor Elliott Investment in BP caused a 7.4% surge in BP's shares to 465.15p, prompting speculation about potential company restructuring, leadership changes, and divestment from renewable energy projects due to underperformance compared to rivals.

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What is the immediate market impact of Elliott's investment in BP, and what are the potential short-term consequences for the company's strategy?

BP's shares surged 7.4 percent to a seven-month high after activist investor Elliott disclosed a stake in the company, sparking speculation of potential changes such as a company break-up, leadership overhaul, or asset sales. This follows investor frustration with BP's underperformance compared to rivals and calls to reduce investment in renewables.

nrc.nl

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Feb 8, 04:08

Political Shifts and Economic Factors Hamper Renewable Energy Transition

Despite the decreasing cost of renewable energy sources like solar and wind power, a complete shift away from fossil fuels is hampered by insufficient government support for crucial infrastructure upgrades, grid modernization, and energy storage solutions.

Political Shifts and Economic Factors Hamper Renewable Energy Transition

Despite the decreasing cost of renewable energy sources like solar and wind power, a complete shift away from fossil fuels is hampered by insufficient government support for crucial infrastructure upgrades, grid modernization, and energy storage solutions.

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What are the immediate impacts of decreasing political support for ambitious climate policies on the energy transition?

The rapid decrease in renewable energy costs, particularly wind and solar, initially spurred optimism for a self-sustaining energy transition. However, this optimism is now challenged by political shifts and economic factors, hindering the complete replacement of fossil fuels.

Showing 49 to 60 of 170 results