Many of the people displaced by Eacop project were inadequately rehoused or compensated, report says
People displaced from their homes alongside the site of an oil pipeline under construction in Uganda have complained of being inadequately rehoused or compensated.
When completed, the East African crude oil pipeline (Eacop) will transport oil from the Tilenga and Kingfisher oilfields in western Uganda to the port of Tanga in Tanzania.
Continue reading...The US president is making energy deals with Japan and Ukraine, and in Africa has even touted resurrecting coal
Donald Trump’s repeated mantra of “drill, baby, drill” demands that more oil and gas be extracted in the United States, but the president has set his sights on an even broader goal: keeping the world hooked on planet-heating fossil fuels for as long as possible.
In deals being formulated with countries such as Japan and Ukraine, Trump is using US leverage in tariffs and military aid to bolster the flow of oil and gas around the world. In Africa, his administration has even touted the resurrection of coal, the dirtiest of all fossil fuels, to bring energy to the continent.
Continue reading...Chris Wright signals abandonment of Biden’s ‘irrational, quasi-religious’ climate policies at industry conference
The world needs more planet-heating fossil fuel, not less, Donald Trump’s newly appointed energy secretary, Chris Wright, told oil and gas bigwigs on Monday.
“We are unabashedly pursuing a policy of more American energy production and infrastructure, not less,” he said in the opening plenary talk of CERAWeek, a swanky annual conference in Houston, Texas, led by the financial firm S&P Global.
Continue reading...King Okpabi, ruler of Ogale, says Shell has caused chronic pollution, while oil firm argues it is not responsible
His Royal Highness King Godwin Bebe Okpabi has carried bottles of water drawn from the wells of his homeland in the Niger delta to the high court in London.
It stinks. “This is the water that Shell has left for my people,” said the ruler of the Ogale community in Ogoniland, Nigeria. “This is poison, and they are spending millions of dollars to pay the best lawyers in the world so that they will not clean my land.”
Continue reading...Firm will be selective about investing in low-carbon options, slashing more than $5bn from previous green plan
BP is almost doubling its target for oil and gas production by the end of the decade and slashing its spending on low-carbon energy as part of a fundamental reset of the troubled company away from previous green goals.
The FTSE 100 fossil fuel company has promised shareholders it will increase its planned oil and gas production by 2030 to the equivalent of about 2.4m barrels a day – almost twice the figure in its net zero plan set out five years ago.
Continue reading...Greenpeace protest draws attention to worsening typhoons and demands accountability from major polluters
For two days and two nights, Ronalyn Carbonel and her four children clung to the roof of their home as a huge storm raged around them. With the wind battering her village of Rizal, about 10 miles east of Manila in the Philippines, and water swirling through the rooms below them, they had no choice but to wait, hoping that someone would come to rescue them and hundreds of their neighbours.
“We did not have shelter, we did not have food … we just had to wait for the government for two days,” Carbonel said. “It is not easy, no electricity, no light, we just wait for the sun to rise. The children were scared, we had never experienced anything like this.”
Continue reading...Developing countries urge biggest polluters to act as Trump’s return to the White House heightens geopolitical turmoil
The vast majority of governments are likely to miss a looming deadline to file vital plans that will determine whether or not the world has a chance of avoiding the worst ravages of climate breakdown.
Despite the urgency of the crisis, the UN is relatively relaxed at the prospect of the missed date. Officials are urging countries instead to take time to work harder on their targets to cut greenhouse gas emissions and divest from fossil fuels.
Continue reading...Tariffs on imports mean higher costs for finishing fuels, much of which is likely to be passed on to consumers
US consumers will see higher prices at the gas pump from Donald Trump’s decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders.
The likely hike in fuel prices reflects the double-edged nature of Trump’s trade protections, which are designed to bolster domestic business and pressure US neighbors to curb illegal immigration and drug smuggling, but which will also run counter to his promises to tackle inflation.
Continue reading...Live coverage of business, economics and financial news as ECB cuts main interest rate by 0.25 percentage points in effort to support European economies
It was a flash reading on the Eurozone economy, so we don’t have the details on what the drivers were. But it’s clear that it was a weak end to 2024.
But the European Central Bank might be able to spur a bit of economic growth in the eurozone with looser monetary policy.
This marks a weak end to last year, following positive growth in the first three quarters of 2024. As a result, first estimates suggest that the currency bloc as a whole grew by 0.7% in 2024. Declining activity in Germany – the Eurozone’s largest economy – has weighed on the bloc’s growth, with German GDP contracting by 0.2% on the quarter. This suggests Germany has now seen annual declines in activity for two consecutive years.
In 2025, further loosening of monetary conditions is expected to provide a modest uptick in activity for both Germany and the Eurozone, with growth expected to amount to 0.3% and 1.0% respectively.
Continue reading...Court says UK government green light for Rosebank and Jackdaw permits does not take into account CO2 emissions
The decision to greenlight a giant new oilfield off Shetland has been ruled unlawful by the courts in a major win for environmental campaigners.
The proposed Rosebank development – the UK’s biggest untapped oilfield – had been given the go-ahead in 2023 under the previous government.
Continue reading...Iron ore billionaire says he is ‘personally delighted’ at lawsuit as fossil fuel giant has ‘opened themselves up to cross-examination’ in a US court
Australian mining magnate Andrew Forrest is among a group accused of orchestrating “smear campaigns and lawfare” against the global oil and gas sector “for politics, publicity, and private gain” in a dramatic defamation claim launched in US courts by fossil fuel company ExxonMobil.
But the iron ore billionaire, who is not himself a defendant in the case, said he is “personally delighted” at the court action and that “Exxon has walked themselves into the court and opened themselves up to cross-examination”.
Continue reading...Ukraine president hails ‘one of Moscow’s biggest defeats’ as deal’s end brings power cuts in breakaway Moldovan region
Russian gas has stopped flowing to Europe via Ukraine, ending a major energy route that goes back to Soviet times and had even survived three years of full-scale war between the two states.
Ukraine cut off the transit route after an agreement signed in 2019 expired in the early hours of New Year’s Day, marking a new milestone in Europe weaning itself off Russian gas supplies over the past few years, and prompting immediate power cuts for hundreds of thousand of people in a breakaway region of Moldova.
Continue reading...Exports to cease on New Year’s Day as Europe faces cold snap and higher than usual fall in reserves since September
Europe will receive the last Russian gas sent via Ukraine’s pipelines in the early hours of the new year as the continent braces for a plunge in temperatures that could hasten the drain on gas reserves.
The Russian state energy company, Gazprom, is expected to cut off its exports to Europe through Ukraine’s pipelines on New Year’s Day after a gas transit deal struck between the countries five years ago comes to an end overnight.
Continue reading...Petrostate’s rebuke comes as Saudi Arabia and allies try to derail transition promise made at climate talks last year
The world must stand behind a historic resolution made last year to “transition away from fossil fuels”, the United Arab Emirates has said, in a powerful intervention into a damaging row over climate action.
The petrostate’s stance will be seen as as a sharp rebuke to its neighbour and close ally Saudi Arabia, which had been trying to unpick the global commitment at UN climate talks in Azerbaijan this week.
Continue reading...Consulting giant had said it engages with clients to help them transition to cleaner energy even as it knew they were in line to exceed climate targets
The world’s biggest consulting firm found that its clients were on a trajectory to bust global climate targets, details of internal forecasting in 2021 uncovered by the Centre for Climate Reporting (CCR) and the Guardian reveal.
McKinsey & Company has worked with some of the world’s biggest emitters, including many of the largest fossil fuel producers. It has previously argued it is necessary to engage these clients to help them transition to cleaner forms of energy and hit the target of limiting global warming to less than 1.5C above preindustrial levels.
Continue reading...Outcry after draft text contains only an ‘X’ instead of setting $1tn funding goal to support developing countries
Hopes of a breakthrough at the deadlocked UN climate talks have been dashed after a new draft of a possible deal was condemned by rich and poor countries.
Faith in the ability of the Azerbaijan presidency to produce a deal ebbed on Thursday morning, as the draft texts were criticised as inadequate and providing no “landing ground” for a compromise.
Continue reading...Country has been enjoying historic growth in economy, which has tripled since it started crude oil extraction in 2019
Hundreds of thousands of Guyana citizens living at home and abroad will receive a payout of around £370 each after the country announced it was distributing its “mind-boggling” oil wealth.
The grant of 100,000 Guyanese dollars will be available to any citizen of the South American country over the age of 18 with a valid passport or ID card. Guyanese citizens who normally live abroad will be eligible but must be in Guyana to collect the payment.
Continue reading...Detailed plans from 30 oil and gas producers come amid historic levels of potent planet-heating emissions
A powerful US oil and gas industry lobby group has drawn up detailed plans to kill off penalties for emitting methane, a potent planet-heating gas that’s increasing at the fastest rate in decades, with this effort led by a major donor to Donald Trump whose company has just been fined for methane pollution.
Leaked internal documents from the American Exploration & Production Council (AXPC), a group of 30 oil and gas producers, outline a push to repeal a fee levied on methane emissions should the former US president win this week’s election and Republicans gain control of Congress.
Continue reading...Australia must insist on full removal when ExxonMobil decommissions offshore project, Wilderness Society says
An international law expert has warned that abandoning oil and gas infrastructure in Bass Strait would breach Australia’s obligations under international law, if ExxonMobil pursues this plan in decommissioning its Gippsland offshore project.
Prof Donald Rothwell, who specialises in international law at the Australian National University, said Bass Strait was used for international navigation and had special status under the UN convention on the law of the sea and related International Maritime Organisation guidelines.
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Continue reading...Letter to governing body accuses Saudis of using sports to ‘distract from the regime’s brutal human rights reputation’
More than 100 professional female footballers have signed a letter calling on Fifa to end its sponsorship deal with the state-owned Saudi Arabian oil company, Aramco, accusing Saudi authorities of “brutal human rights violations”.
A four-year deal signed in April will see Aramco, which is 98.5% state-owned, sponsor major tournaments including the men’s World Cup in 2026 and the Women’s World Cup in 2027.
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