With a disabled oil supertanker in the Red Sea possibly just weeks or months away from breaking up or exploding, triggering a $20-billion ecological and humanitarian disaster, countries that could help pay for an emergency salvage plan are saying they can’t find the right budget codes to free up the funds. Many of
Alexander Mihailov, University of Reading Russian energy giant Gazprom has completely cut off gas supplies to Poland and Bulgaria. Both countries are apparently being punished for refusing Russia’s demand that they pay for their gas in roubles. Other EU countries have also refused to pay in Russian currency (doing so would provide a
The federal cabinet administered what one critic called a “slap in the face” to climate science with a decision today to approve the massive Bay du Nord oil and gas megaproject off the Newfoundland coast. The $9.4-billion project led by Norwegian state fossil Equinor is expected to extract 300 million to one billion
Canada’s success will depend on how — and how quickly — the government puts those climate policies in place Dave Sawyer is the principal economist at the Canadian Climate Institute. Dale Beugin is the vice-president of research at the Canadian Climate Institute. Canada’s new 2030 Emissions Reduction Plan (ERP) is a comprehensive, ambitious
The oil and gas industry has refined its techniques to stay a step ahead over decades. And it has no plans to stop anytime soon. Despite countless investigations, lawsuits, social shaming, and regulations dating back decades, the oil and gas industry remains formidable. After all, it has made consuming its products seem like
In 1906, Iran was one of the first states in the Middle East to officially to become a democracy. However, in order to secure cheap oil from the country, the US and Britain overthrew progressive Prime Minister Mohammad Mossadegh in 1953 and turned Iran into a “pro-Western” dictatorship. In doing so, they also
BRUSSELS: Hit by the coronavirus pandemic and a sharp drop in oil prices, biofuel demand has declined for the first time in two decades and may struggle to recover, according to experts. “The collapse of oil prices has had a very negative impact on biofuels,” rendering them uncompetitive, Olivier Lemesle, director of studies
In early 2017, not long after President Donald J. Trump moved into the White House, his chief advisor, Steve Bannon, said that the administration’s aim was the “deconstruction of the administrative state.” A charitable listener might have heard a run-of-the-mill libertarian goal, to downsize the bloated government in order to make room for