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Friday, July 10, 2026

June 24, 2020

Why Central Banks are talking up the importance of climate change action — and pouring money into fossil fuels- oil and gas 360

Why central banks are talking up the importance of climate change action — and pouring money into fossil fuels

June 24, 2020

Forbes Last year, central bank chiefs in the US and Europe for the first time widely embraced the necessity of taking action on climate change. Christine Lagarde, the new head of the European Central Bank (ECB), vowed during her confirmation hearings in September to make climate change a “mission critical” priority. Mark Carney, the former Bank of England chief, in December called for a

BP's stranded Canadian, Angolan assets expose wider industry risks- oil and gas 360

BP’s stranded Canadian, Angolan assets expose wider industry risks

June 24, 2020

Reuters LONDON  – When BP (BP.L) slashed its long-term oil price outlook last week, prospects in Canada and Angola were rendered worthless, company sources and analysts said, exposing broader risks the industry faces as the world pivots to low-carbon energy. The $17.5 billion write-down, part of Chief Executive Bernard Looney’s drive to wean BP off fossil fuel, was the biggest

How Russian and Saudi oil ties to China complicate the post-pandemic world- oil and gas 360

How Russian and Saudi oil ties to China complicate the post-pandemic world

June 24, 2020

Forbes Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer of oil, though it could cut imports if it stopped adding to inventory (storage). China has stored so much oil over that half

U.S. mining lobby in push to preserve tax break repealed by Democrats- oil and gas 360

U.S. mining lobby in push to preserve tax break repealed by Democrats

June 24, 2020

Reuters WASHINGTON – The U.S. mining industry is spearheading a lobbying effort to protect a $160 billion pandemic tax break after congressional Democrats largely repealed the provisions in their recent stimulus bill, according to emails and a letter seen by Reuters. The tax provision folded into the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in March has

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