Pope Francis tells oil execs, investors that ‘energy use must not destroy civilization’
“Civilization requires energy, but energy use must not destroy civilization,” the pope told the more than two-dozen leaders at the event.
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Pope to address oil majors in Vatican climate conference
Pope Francis, who wrote a major document on protection of the environment from global warming in 2015, is expected to address the group on the last day of the June 8-9 conference.
Who can we blame for higher gasoline prices?
You probably have noticed that gasoline prices are again on the rise. Predictably, I have already seen stories arguing about President Trump’s culpability in this current price rise.
The Philippines is planning a $14 billion ‘pollution-free’ city that will be larger than Manhattan
Manila, the hyper-dense capital of The Philippines, is known for its traffic jams. In a 2016 survey, navigation company Waze ranked Manila as having the “worst traffic on Earth.”
Electric vehicles will grow from 3 million to 125 million by 2030, IEA forecasts
Electric vehicle ownership will balloon to about 125 million by 2030, spurred by policies that encourage drivers, fleets and municipalities to purchase clean-running cars, the policy advisor to energy-consuming nations forecast on Wednesday.
Electric vehicles begin to bite into oil demand
Projections have suggested that the advent of electric vehicles will have a dramatic impact on oil demand and now its starting to show. With China adding the equivalent of London’s bus fleet every 5 weeks, that’s 279,000 barrels of oil a day removed from demand.
Pollution studies cast doubt on China’s electric-car policies
The environmental case for electric vehicles in China has been complicated by research questioning whether the cars could produce more pollution than those with internal combustion engines.
Farmers worldwide struggle with rising fuel costs
The agricultural sector from the United States to Russia, and Brazil to Europe, is seeing profits harmed by the rise in diesel prices. The global oil benchmark, Brent crude LCOc1, touched $80 a barrel for the first time since late 2014 on Thursday.
Asia oil bill to top $1 trillion a year as crude hits $80
The cost of Asia’s growing thirst for oil will surpass $1 trillion this year, about twice as much as in 2015 and 2016, as oil prices touch $80 per barrel and continental demand hits a record.
Oil hits highest since Nov. 2014 as Iran tensions mount
Oil prices rose about 2 percent on Friday, with U.S. crude hitting its highest in more than three years, as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran.
