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There has long been a simple proposal for dealing with the carbon that causes climate problems: send it back underground. But carbon capture and storage (CCS) — whereby CO2 emissions from industrial and power plants are pumped into geological reservoirs, such as disused oilfields — has failed to take off, marred by a history of costly…
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After four years in which Donald Trump’s regulatory bonfire cast the US as an environmental pariah, the country is back in the global fold and committed to tackling climate change. In his first three months in office, Joe Biden has rejoined the Paris climate agreement, scuppered a controversial oil pipeline, suspended fossil fuel leases on…
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Just as Brazil’s rivers supply it with hydroelectric power and faults in the earth’s crust provide Indonesia with geothermal energy, so Vietnam hopes abundant sunshine and a shallow coast will provide clean energy to drive economic growth. Like many low- and middle-income countries, it is under pressure to generate sufficient energy to power its industries…
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The natural gas industry has spent the past decade pitching its product as the cleanest fossil fuel and a necessary bridge from the coal-powered past to a renewable future. But the fuel’s prospects have been called into doubt as energy transition gathers pace, casting a shadow over an industry that has pumped tens of billions…
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ExxonMobil faces an “existential business risk” by pinning its future on fossil fuels as governments move to slash emissions, an activist hedge fund will tell investors in the final push of its battle to overhaul the supermajor’s board. “ExxonMobil still has no credible plan to protect value in an energy transition”, says an 80-page investor…
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