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...The Biden administration defended the LNG pause this week in a letter to the American Petroleum Institute, a Big Oil lobby group that has campaigned against it, saying the approvals process needed updating...
...Green policies are also falling down the list of government priorities as security fears related to migration and the war in Ukraine preoccupy leaders....
...Hydrogen hopes in the Australian desert In a remote stretch of Australia, the Pacific region’s green energy prospects may be gaining steam....
...The oil-rich UAE is seeking to reduce its dependence on exports of fossil fuels, the biggest contributor to global warming....
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
...Last year, the IEA predicted demand for oil and gas would peak before the end of the decade, a forecast that has been disputed by the Opec+ producers group and by many oil majors, who do not expect demand...
...A joint venture between iron-ore miner LKAB, steelmaker SSAB and power group Vattenfall has also unveiled plans for “green” steel free of fossil fuel; as did the start-up H2 Green Steel, founded by the same...
...Richard Goyder, chair of the $35bn energy group, has also been a target of criticism by some investors....
...Shell’s former chief executive has joined private equity group KKR as a senior adviser for energy transition investments in his first corporate role since stepping down from the oil and gas major....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...“We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately, reflecting realistic demand assumptions,” he said....
...The US oil and gas industry is suing the Biden administration over its decision to severely restrict offshore drilling amid a growing industry backlash against its climate and energy policies....
...Smart read Developing nation governments have criticised rich-world counterparts for advocating free trade while pursuing protectionist policies, often under a green banner....
...Under this, the oil tanker group would use the proceeds from the Frontline transaction to buy CMB’s green energy business, CMB.Tech, for $1.15bn....
...Exxon has accused the groups of being “driven by an extreme agenda”....
...Ithaca could acquire all of Eni’s UK upstream oil and gas assets in exchange for new Ithaca stock. Eni would hold 38 to 39 per cent of the enlarged group under the limited details released so far....
...Yet a new group of companies is gaining policymakers’ attention with a green business model based on making . . . more methane....
...The group runs a mobile market to distribute its produce....
...The group estimates that gas-fired power generation will fall by the end of the decade, while green energy generation soars....
...Oil trading represents about 30 per cent of total revenues. Alongside gas and power trading, the group is investing in green technologies such as battery storage and biogas....
...Its former chief executive, Alan Bruce, left the group early this year....
...One of the received tenets of the energy transition was that there was no trade-off between green investing and making money....
...The West Midlands and Scotland are expected to be particularly impacted by shifts in vehicle manufacturing and offshore oil and gas production....
...In 2016, the British supermarket chain Iceland, working in tandem with the environmental campaign group Greenpeace, banned palm oil in all its own-brand food products, a radical approach backed by few mainstream...
...Offshore Energies UK, the trade group, warned that it could trigger an immediate halt to new investment in oil and gas projects, costing a potential 42,000 jobs by the end of the decade....
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