GreenOak/Shutterstock Adi Imsirovic, University of Oxford The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks’ ability to cope in an already uncertain market. Iran exports up to 2 million barrels of oil and refined petroleum products per day (million barrels per
ph. The Conservatives want to keep drilling for new oil and gas in the North Sea. Cal F / shutterstock Anupama Sen, University of Oxford and Sam Fankhauser, University of Oxford The Conservative Party manifesto proposes a “pragmatic and proportionate approach to net zero” with Rishi Sunak, the prime minister, promising to put
ph. Icebergs floating in the ocean near Svalbard, an Arctic island chain on the edge of Norway’s proposed exploitation zone. (Christopher Michel/Flickr), CC BY Ashley Perl, University of Toronto Norway has a reputation for environmental leadership, from championing international biodiversity policies to its wilderness protection and ambitious biodiversity regulations. Now it is leading
We may soon remember this week’s record-shattering heat as an historic low temperature mark. But that hasn’t slowed down the oil and gas spin machine. What if this week’s series of record-shattering high temperatures turned out to be tomorrow’s record low, the benchmark against which future years and decades of global warming will
Nearly a million acres have been destroyed in wildfires across the western Canadian province of Alberta, with more than 30,000 people forced to evacuate and oil production forced to halt after a state of emergency was declared this weekend. The province, which is the country’s largest producer of crude oil and natural gas,
Nearly two dozen lawsuits filed by cities and states aim to put fossil fuel companies on trial for deceiving the public about climate change. But they’ve been stuck in legal limbo for half a decade, with companies deploying several maneuvers to block them. Now a surprising source has unleashed those lawsuits: the conservative-dominated
A region historically plagued by industrial pollution is overwhelmed with unconventional oil and gas development. The Place: The Allegheny Plateau is a lower-lying portion of the Appalachian Mountain Range that extends from southern and central New York to northern and western Pennsylvania, eastern Ohio, northern and western West Virginia, and eastern Kentucky. Why
Despite a high-profile pledge from U.S. President Joe Biden’s to eliminate US$31 billion in fossil fuel subsidies, the country’s oil and gas industry is still lining up for billions in financial support under the national climate plan it once opposed. Biden included the subsidy measure in a US$6.9-trillion budget plan, released Thursday, that
After industry lobbyists halted the oil and gas well safe-distance law, their well-funded referendum could sway voters with misinformation. Over the last few years, as California has introduced stronger regulations on oil and gas drilling aimed at protecting public health, a pattern of events has started to emerge. Here’s how it typically goes:
Denmark’s biggest bank has declared an end to fossil fuel financing, after concluding that 99.9% of its carbon footprint comes from financed emissions. Danske Bank supports “an orderly transition to low-carbon economies and will, for that reason, not offer refinancing or new long-term financing to oil and gas exploration and production (E&P) companies