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By Grant Smith and Nayla Razzouk The conflicting positions of US President Donald Trump and major European governments came to the fore at a meeting of the west’s most important energy forecaster. For the first time in nine years, the International Energy Agency — created by developed nations in the 1970s to oversee energy security …
IEA Meeting Ends Without Unity as US Pushes to Scrap Net Zero Read More »
(Reuters) – U.S. Energy Secretary Chris Wright said on Tuesday the United States is not satisfied yet with reforms at the International Energy Agency (IEA). Speaking at a conference in Paris, he added that Washington does “not need a net-zero scenario” from the body and could leave the agency “if they insist that it’s so …
U.S. Energy Chief Warns U.S. Could Quit IEA if Agency Keeps Focus on Climate Read More »
By Keira Wright A judge dismissed a long-running legal challenge against Santos Ltd., which had accused the Australian oil and gas producer of misleading investors over its climate strategy. The case brought by the Australasian Centre for Corporate Responsibility, a shareholder advocacy group, was rejected Tuesday by Justice Brigitte Markovic. Details of her decision will …
Landmark Greenwashing Case Against Gas Firm Santos Dismissed Read More »
By Robert Tuttle Takeaways by Bloomberg AI Canada’s energy minister said the government’s push to build carbon capture technology in the Alberta oil sands ensures the industry is adapting to change. The Canadian government signed a memorandum of understanding with the province of Alberta that pledged backing for a new oil pipeline in exchange for a higher …
Canada’s Carbon Plan Will Help Oil Patch in Future, Energy Minister Says Read More »
Feb 12 (Reuters) – The U.S. Treasury Department on Thursday unveiled interim rules for enforcing provisions in President Donald Trump’s new tax law that restrict companies from claiming federal clean energy subsidies if they are overly reliant on Chinese-made equipment. The guidance, which applies to lucrative tax credits for clean energy manufacturing and electricity generation, …
US Publishes Interim Tax Credit Rules Meant to Restrict China Clean Energy Influence Read More »
By Eric Roston and Brian Kahn A globe at the COP30 UN Climate Change Conference in Belem, Para State, Brazil. Photographer: Mauro Pimentel/AFP/Getty Images The US officially exited the Paris Agreement on Jan. 27. It’s the second time President Donald Trump has pulled out of the pact that commits almost 200 countries to keep global …
How the US Is Abandoning Joint Climate Action Under Trump Read More »
(Reuters) – The Trump administration on Tuesday proposed a rule revising Biden-era pollution protections for waterways, a move the Environmental Protection Agency said would speed permitting of energy and artificial intelligence infrastructure. The proposed rule would revise a 2023 rule by former President Joe Biden’s administration on Section 401 of the Clean Water Act that …
Trump Set to Limit States’ Ability to Block Energy Projects in Water Rule Read More »
By Lara Williams Lara Williams is a Bloomberg Opinion columnist covering climate change. Takeaways by Bloomberg AI The Paris Agreement aims to limit climate change to “well below 2C above pre-industrial levels” and pursue efforts to keep the increase close to 1.5C, but carbon emissions continue to grow. Many experts believe the 1.5C temperature target is …
COMMENTARY: Emissions Are Still Rising. That Doesn’t Mean We’re Failing Read More »
The oil giant is pushing for a new carbon accounting method, which worries climate advocates but shows Exxon is sticking with its emission-reduction goals despite Trump’s attacks on low-carbon energy By Akshat Rathi and Kevin Crowley When you’re one of the biggest polluters, you have a vested interest in how pollution is counted. That is …
By Nojoud Al Mallees and Thomas Seal The Canadian government signaled it plans to eventually lift the controversial cap on emissions from the oil and gas sector, doubling down instead on its industrial carbon pricing system to rein in pollution. In its first federal budget on Tuesday, Prime Minister Mark Carney’s government unveiled its climate …
Canada Signals Plans to Scrap Oil and Gas Emissions Cap Read More »
