Oil

Exclusive: Oil majors’ expansion plans pay little heed to net zero

A net-zero future will see the vast majority of the world’s energy produced from renewables such as solar and wind,…

Exclusive: How just 25 oil companies are set to blow the world’s 1.5°C carbon budget

The future oil and gas extraction plans of just 25 companies are set to blow the world's 1.5°C carbon budget,…

Opinion: How an oil expert heading COP28 could transform climate action

“Climate activists around the world have come to the conclusion that people in authority are not doing their job,” said…

Weekly data: How India’s appetite for cheap Russian oil could hamper its climate ambitions

Indian government officials have been quick to defend India's decision not to comply with Western sanctions against Russian oil, despite…

Weekly data: How one field has transformed Norway’s oil fortunes

The global energy supply crisis has been kind to Norway. With the EU scrambling to source alternative energy sources after…

Why banks are key to turning the tide on oil and gas

At the end of October, just ahead of the COP27 climate conference, Lloyds Banking Group – the UK’s biggest domestic…

Brussels pleads with countries to stay in the Energy Charter Treaty

These days, it is hard to find anyone arguing with a straight face that the Energy Charter Treaty (ECT) has…

Have we already passed peak fossil fuels?

Peak demand for horses in the US came in 1905; for gas lighting in the UK in 1907; for UK…

What four years of ‘non-existent’ climate action has done to Brazil

Brazil’s general election, which takes place in two rounds over the course of October 2022, is coming not a moment…

Big Oil PR misleading on climate action – report

Five Big Oil supermajors are spending a cumulative $750m annually on PR campaigns to portray themselves as proactive on climate…