US trial could reveal who paid hackers to target Exxon climate critics: ‘on the edge of our seats’

Oil giant has denied involvement, but climate activists are closely watching court case against Israeli private investigator for answers

A group of American climate activists are closely watching a US court case that could reveal who hired hackers to target their inboxes a decade ago.

In 2015, a set of explosive media reports revealed that ExxonMobil’s own scientists determined as early as 1982 that the extraction and burning of fossil fuels caused the climate crisis – but Exxon went on to fund climate denial campaigns anyway. The reports prompted attorneys general to investigate the company.

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Licensed to drill? How a Trump-linked Texas oil company is elbowing its way into Greenland

Greenland Energy says billions of barrels of crude could lie beneath territory and claims it has permission to bring drilling kit ashore – a claim denied by Nuuk

On 10 June, a snowy-haired American in his 60s addressed the residents of a remote Greenland hamlet. He was there to tell them about a business venture supported by figures linked to Donald Trump. “So,” Robert Price said via an interpreter, “we have a project to drill for oil here.”

The Texas oil company that Price represents, Greenland Energy, hopes to prove that billions of barrels of crude lie underground by bringing in 300 shipping containers of drilling kit.

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Oil prices rise sharply after Iran launches attacks on tankers near strait of Hormuz

Brent crude benchmark rose to more than $80 a barrel, its steepest increase since ceasefire began

Oil markets have recorded their sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led Donald Trump to declare that the ceasefire deal with Iran was over.

At the same time, UK short-dated bonds suffered their worst day since the end of March as the prospect grew of a Bank of England rate rise to cope with the renewed inflationary pressures.

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City of Paris achieves partial victory over TotalEnergies in climate risks case

French capital hails ‘landmark decision’ against oil firm relating to disclosure of emissions from oil and gas products

A Paris court has ​ruled that the French oil company TotalEnergies must disclose the climate risks linked to emissions from its oil and gas products and set out plans to ⁠address them in a high-stakes case brought by NGOs and the city of Paris.

The ruling on Thursday is a partial victory for climate change NGOs seeking to apply France’s 2017 corporate duty of vigilance law to the climate crisis. However, the ⁠court stopped short of ordering specific measures such as limiting overseas exploration and production or setting binding ​emissions reduction targets.

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UK defence spending plan ‘well short of what’s required’ and harder choices needed, says John Healey – as it happened

Ex-defence secretary John Healey and ex-defence minister Al Carns have given resignation statements to MPs

Speaking to reporters at the G7, Keir Starmer also defended the defence investment plan (DIP) draft that led to John Healey’s resignation as defence secretary last week. Starmer confirmed that Dan Jarvis, the new defence secretary, is getting some input before the publication of the DIP in its final version.

Starmer said:

The position on investment in defence is firstly that we increased last year defence spending from 2.3% to 2.6%, that’s the biggest increase since the 1980s, and that means £270bn will be spent this parliament on defence.

On top of that [the] defence investment plan which obviously gives us capability for the future. We will put even more money in relation to that. I’ve been really clear that’s required difficult decisions, I have taken the decision to reallocate money from other departments.

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Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August

Oil markets will enter the “red zone” by July and August as stocks dwindle before the summer travel season amid a shortage of fresh oil exports from the Middle East, the executive director of the International Energy Agency warned on Thursday.

Fatih Birol added that the most important solution to the Iran war energy shock was a full and unconditional reopening of the strait of Hormuz.

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Watchdog groups urge Senate to investigate Samuel Alito over oil stock conflicts

Groups say supreme court justice, who owns oil stocks, may be violating ethics codes by participating in certain cases

The supreme court justice Samuel Alito, who owns stock in oil companies, may be violating court ethics codes by participating in certain cases that could benefit big oil, government watchdog groups say.

In a Thursday letter, a coalition of watchdog organizations called on the Senate judiciary committee to investigate Alito, the sole supreme court justice with holdings in energy companies.

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Wednesday briefing: How Trump’s attempt to reopen to strait of Hormuz brought war closer again

In today’s newsletter: ​The brief US effort to ​s​teer trapped vessels through the ​waterway ​put the fragile ceasefire under strain

Good morning. Uncertainty once again reigns in the Middle East. The uneasy ceasefire between the US and Iran threatened to disintegrate after Donald Trump launched an initiative – dubbed “Project Freedom” – to help thousands of sailors stranded in the Gulf by the war to pass through the strait of Hormuz.

To Iran, the announcement was a cynical provocation. Flurries of fighting restarted as Iran sought to maintain its grip on the critical passageway out of the region.

UK politics | Zack Polanski falsely claimed to be a spokesperson for the British Red Cross while campaigning for the Green party leadership, the charity has said.

Fuel shortages| Two million airline seats have been cut from this month’s schedules as airlines redraw their operations because of soaring jet fuel prices amid the Middle East conflict.

UK news| A British crew member who became ill after a suspected outbreak of hantavirus on luxury cruise ship the MV Hondius is to be medically evacuated, officials have said.

Tax | An increased windfall tax should be imposed on the UK’s largest banks, say trade union leaders, after the big four lenders reported almost £14bn in first-quarter profits, partly fuelled by market turbulence amid the Iran war.

Society | People from black backgrounds in England are twice as likely to experience strokes as their white counterparts, while also being less likely to receive timely care, according to the largest study of its kind.

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Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage

Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west Africa

A refinery in Nigeria accused of dismissing workers for joining a union has emerged as key to the UK government’s hopes of saving the summer holiday amid a jet fuel shortage.

Heidi Alexander, the transport secretary, said at the weekend that part of the answer to the strait of Hormuz crisis was to import more fuel from the US and west Africa.

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Trump claims US has total control over strait of Hormuz after Iran seizes two container ships

US president says Tehran hobbled by infighting as Pentagon reportedly briefs mine clearance may take six months

Donald Trump has again said that the US has “total control over the strait of Hormuz”, adding that Iran’s leadership was so hobbled by infighting that it was unclear who was in charge.

But the US president’s claim seemed questionable in the face of the seizure of two container ships by Iranian commandos and a US report warning it could take six months to clear the strait of mines.

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Climate groups sue US government over approval of new BP project in Gulf of Mexico

Advocates expressed alarm as new project drills deeper into ocean bed, pointing to company’s failures at Deepwater Horizon spill


Environmental groups have sued the Trump administration over its approval of BP’s huge new ultra-deep oil drilling project in the Gulf of Mexico, 16 years to the day since the company’s Deepwater Horizon disaster caused the worst oil spill in US history.

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New North Sea drilling would barely reduce UK gas imports at all, data shows

Exclusive: research finds Jackdaw field would provide only about 2% of current demand, and Rosebank only 1%

Opening major new fields in the North Sea would make almost no difference to the UK’s reliance on gas imports, research has shown.

The Jackdaw field, one of the largest unexploited gasfields in the North Sea, would displace only 2% of the UK’s current imports of gas, which would leave the UK still almost entirely dependent on supplies from Norway and a few other sources.

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‘God squad’ waives endangered species law to allow US drilling in Gulf of Mexico

Critics say exemption for fossil fuels exploits White House’s ‘self-made gas crisis’, and could doom the rare Rice’s whale

A US government panel on Tuesday exempted oil and gas drilling in the Gulf of Mexico from the Endangered Species Act (ESA), a move which critics say could doom a rare whale species and harm other marine life.

The Endangered Species Committee – which had not convened in more than three decades – voted to approve the request for the ESA exemption at the request of the defense secretary, Pete Hegseth.

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Hundreds of North Sea licences granted by Conservatives have ‘so far produced only 36 days worth of gas’

Exclusive: Findings cast doubt on claims new drilling would help cut bills and boost energy security, researchers say

Hundreds of licences granted for new oil and gas projects in the North Sea under the Conservatives have so far produced only 36 days’ worth of gas, according to analysis.

Research by the energy consultancy Voar and the campaign group Uplift found that between 2010 and 2024, the government handed out hundreds of new North Sea oil and gas licences in seven licensing rounds.

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‘We consider every mile we drive’: how fuel shortages are affecting readers worldwide

From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usage

Alagesan, 35, needs liquefied petroleum gas (LPG) to run his roadside drink and snack shop in Coimbatore, India, but with the fuel shortage since the US-Israel attacks on Iran, he worries his business could fold.

“I am far away from the Middle East, but my life is affected,” he said. “The gas cylinder is not available because of the war. I don’t know what to do.”

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Everything is a political weapon since Trump’s re-election, says Germany’s ex-economy minister

Robert Habeck says world has moved on from weaponising energy to using tariffs, technology and more to inflict harm

The weaponisation of energy when Russia invaded Ukraine has given way to “weaponising everything” since Donald Trump returned to the White House, Germany’s former economy minister has said.

Robert Habeck, the Green politician responsible for keeping the lights on during the last energy crisis, said the belief gas “would never be a political weapon” led successive German governments blindly into Putin’s trap by building the Nord Stream pipelines and selling strategic reserves to Gazprom, which Russia emptied before the invasion.

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European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

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European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

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Can the IEA put a lid on the price per barrel by releasing oil stockpiles?

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress prices

When the global economy was still in the grip of the devastating 1970s oil crises, exposing the chokehold exerted by a few important oil states, the International Energy Agency (IEA) was created, in the hope of limiting future shocks.

Almost half a century on, the IEA’s 32 members have drawn up plans to hit the emergency button, for only the fifth time in its history.

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Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon

Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storage

Saudi Arabia’s state oil company has warned of “catastrophic consequences” for the world’s oil markets if the US-Israeli war with Iran continues to block shipping in the strait of Hormuz.

The world’s biggest oil exporter expects to be able to supply the market with about 70% of its usual crude output despite the stranglehold on the vital trade artery, but its chief executive warned that there would still be “drastic” consequences for the world economy if the disruption continues.

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