Other News

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 […]

Qatar exits OPEC

Qatar exits OPEC

In a shock move, Qatar has withdrawn from OPEC – raising questions over the loyalty of the bloc’s remaining members. The Middle Eastern nation’s decision comes as it looks to shake of constraints of the bloc and increase its sales as analysts say member states are becoming increasingly unhappy with […]

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 […]

Warning of blackouts in Scotland after decision to go green

Warning of blackouts in Scotland after decision to go green

A new report has found Scotland risks multiple days of blackouts, resulting in deaths and civil unrest as a result of the country’s dependence on renewable energies. A significant gap in Scotland’s electricity system as a result of the closure of coal power stations and the unpredictability of renewables could […]

Britain to see first carbon capture project

Britain to see first carbon capture project

Six oil and gas giants have announced plans to study the development of Carbon capture, usage and storage (CCUS) in Britain, in what would be the first use of the technology in the country. The study will come under the investment branch of the Oil and Gas Climate Initiative (OGCI), […]

EU renewables progress slows

EU renewables progress slows

The European Union has seen progress slow on renewable energy and energy efficiencies, raising questions over whether the bloc will be able to reach its 2020 and 2030 targets. The European Environment Agency (EEA) said that rising energy consumption was to blame for the union’s slowdown in progress and could […]

Big oil drills North Sea’s last frontier

Big oil drills North Sea’s last frontier

Some of the world’s largest oil companies have invested huge amounts of money into the one of the North Sea’s oldest offshore basins. Projects such as those on BP’s Clair field in West of Shetland have provided a new lease of life to the region that was once expected to […]

Norway ends ban on Cairn and Kosmos investments

Norway ends ban on Cairn and Kosmos investments

Norway has reversed its decision to exclude oil and gas producers Cairn Energy and Kosmos Energy from its investment portfolio after they ceased controversial operations off West Africa. In 2016 the world’s biggest sovereign wealth fund banned Cairn and Kosmos from its energy portfolio, which it once held a 2.85pc […]