Politics

Asian countries prioritising development over climate goals

Asian countries prioritising development over climate goals

Countries across Asia are increasingly finding themselves torn meeting emissions reductions targets and meeting economic development goals, and in many cases are prioritising development over limiting emission. Asia has 2,000GW of coal fired power plants that are either under construction or fully operational, with China and India increasing coal power […]

COP24 host Poland defends use of coal

COP24 host Poland defends use of coal

COP24 host and Polish President Andrzej Duda has told coal miners in the country that the industry will continue to play an important role in Poland. Speaking to miners in the southern town of Brzeszcze, Duda said Poland “will continue to rely on coal. Of course, we’ll achieve an energy […]

World Bank pledges $200bn in climate funding

World Bank pledges $200bn in climate funding

The World Bank has pledged $200 billion in investments for low carbon projects, despite the fact that its largest shareholder, USA, is refusing to re-join the Paris agreement and is set to host a pro-fossil fuel side event at the United Nation’s climate talks. The funds will come from a […]

Russia accept $60 oil price

Russia accept $60 oil price

Russia has stated it is comfortable with oil prices at around the $60 mark with President Vladimir Putin thanking Saudi Arabia for its cooperation in managing the global oil market. Ahead of next week’s OPEC+ meeting, Putin said Russia was comfortable with oil prices at $60 as it is budgeted […]

Customers left in debt after backing government energy scheme

Customers left in debt after backing government energy scheme

Hundreds of families across Scotland have found themselves in debts of up to £21,000 after signing up to a government backed energy scheme. A “rogue company” has tricked over a thousand Scottish customers into buying energy saving measures, including solar panel, insulations and underfloor heating, on finance and were misled […]

Saudi Arabia pump record levels of oil on pressure from Trump

Saudi Arabia pump record levels of oil on pressure from Trump

Saudi Arabia has increased its oil production to an all-time high in November as US President Donald Trump stepped up pressure on the country to prevent it from applying output cuts at next week’s OPEC meeting. The meeting will see OPEC members discuss ways to bring an end to the […]

UK faces energy insecurity after closing coal plants

UK faces energy insecurity after closing coal plants

Britain is facing an energy crisis ahead of winter as it prepares to leave the EU without investing in its gas industry, having closed its coal power stations. Over the course of last week, major policies affecting the UK’s gas and electricity supplies have been put into doubt, including fears […]

Draft Brexit deal could damage UK oil

Draft Brexit deal could damage UK oil

Analysts have warned that the UK’s draft withdraw agreement for leaving the European Union could increase the costs of retaining skilled workers, threatening the industry. Last week a draft Brexit deal was published, which according to analysts contained a number of uncertainties for the industry. David Gibbons Wood, a business […]