Twenty-five major oil companies, oil-producing nations and development institutions agreed Friday to end the practice of routine flaring of natural gas by 2030 at thousands of oil production sites around the world.
As unlikely as it might seem, a coalition of environmental groups and investors is trying to persuade coal, oil and gas companies to turn away from carbon-polluting sources of energy and invest in low-carbon alternatives.
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It’s easy to see gas bubbles in the slick that mark the spot where an oil platform toppled during a 2004 hurricane, triggering what might be the longest-running commercial oil spill ever to pollute the Gulf of Mexico. Yet more than a decade after crude started leaking at the site formerly operated by Taylor Energy Company, few people even know of its existence.
For decades, hydrogen has been the Dracula of automotive fuels: Just when you think a stake has been driven through its zero-emissions heart, the technology rises from the grave. In 2015, even with gasoline cheaper than it has been in years, hydrogen is back to haunt those who insist that battery electric vehicles are the long-term solution.
The boom in U.S. oil supplies will end in 2015, the Organization of the Petroleum Exporting Countries said Thursday, joining other major energy forecasters this week in pointing to an imminent fall in American production.
The ISIS-run Al-Bayan station also reported that an attempt by Iraqi troops to advance on the Beiji oil refinery in Salahuddin province, about 250 kilometers (115 miles) north of Baghdad, was pushed back.
Oil prices rallied and U.S. crude jumped nearly 6 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week.
The world’s most innovative regions just got a $900 billion-a-year stimulus package.
Poor countries are feeling “the boot of climate change on their neck,” the president of the World Bank has said, as he called for a carbon tax and the immediate scrapping of subsidies for fossil fuels to hold back global warming.
