Oil and Gas UK removes any mention of fossil fuels in rebrand

Fossil fuels leaders have been accused of a “PR stunt” as an attempt to “avoid the real changes needed” to Scotland’s energy mix after any mention of oil and gas was removed from the name of the industry body. Oil and Gas UK will now be known as Offshore Energies UK with industry bosses announcing

Medical leaders call on UK ministers to end new fossil fuel exploration

Medical leaders have made a rare intervention in the climate change debate, calling on the UK government to halt new oil and gas exploration to avoid further damage to the nation’s health. The broadside is contained in a letter signed by institutions with a combined membership of more than 250,000, including the British Medical Association,

India headed for steep fuel price hike in march, Deloitte says

Deloitte Touche Tohmatsu India expects the nation’s biggest fuel retailers to sharply raise pump prices after local elections end next month, adding pressure on the government and the central bank to take steps to contain inflation. “Because of the state elections, they haven’t increased the retail prices,” Debasish Mishra, partner at Deloitte, said in an

Oil and gas bankers confront their own energy transition

Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. “I cover Big Oil. I’m a supermajor guy,” the 63-year-old said.

Government must legislate to end fossil fuel investments

It is simple maths. No matter how many new renewables we build, if we keep increasing the amount of fossil fuels we burn, global carbon emissions will continue to rise. To have any hope of cutting emissions, the basic first step must be to stop investing in fossil fuels — hence The Independent’s Stop Fuelling

Ammonia as a storage solution for future decarbonised energy systems

Storing large volumes of energy for prolonged periods of time in a transportable form can significantly assist decarbonized energy and power systems. Specifically, apart from offering the possibility for connecting energy sources with consumers, periodic and seasonal transportable storage can balance the energy system at times when climatic conditions are unfavourable. This could allow for

Australia must shift from fossil fuels or risk more than 100,000 jobs

A failure to engage with the global shift towards decarbonisation is putting thousands of jobs in regional Queensland and Western Australia at risk, as global demand for coal and gas plummets. New research published by the Centre for Policy Development (CPD) estimates that between 100,000 and 300,000 Australian jobs in emissions-intensive industries – and mostly

Global fossil fuel subsidies crossed over $5 trillion between 2010-2021

With energy consumption vital for life and business, governments often look to fossil fuel subsidies to make energy as affordable as possible. These subsidies artificially reduce the price of fossil fuels and generally take two forms: Production subsidies occur when governments provide tax cuts or direct payments that reduce the cost of producing coal, oil,

India’s dependence on fossil fuel grows: Economic Survey

Despite India’s climate commitments, the 2021-22 Economic Survey reveals that fossil fuel-based energy still outpaces the year-on-year growth of any other energy source in the country. “Between 2020-21 and 2019-20, the maximum rise in electricity generation was recorded in diesel-based thermal energy for utilities (electricity distribution companies),” the survey that was released on January 31

How the fossil fuel industry is pushing plastics on the world

We’re in the midst of an energy transition. Renewable power and electric vehicles are getting cheaper, the grid is getting greener, and oil and gas companies are getting nervous. That’s why the fossil fuel giants are looking towards petrochemicals, and plastics in particular, as their next major growth market. “Plastics is the Plan B for