Exxon, Chevron Focus on Oil Projects in the Americas
The two largest U.S. oil companies are pulling back on big international oil projects and concentrating on a handful of more lucrative assets closer to home.
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Hosted to coincide and complement the main agenda of COP29, FTSessions @COP will host debates and discussions which will evaluate and reflecte on negotiations, announcements and agreements taking place during COP29.
The geopolitical conflicts in Ukraine and the Middle East have triggered major disruptions in energy markets, leading to a reinvestment in fossil fuels as countries prioritise short-term energy security over long-term decarbonization. Trade tensions and protectionist policies can drive up the costs of renewable energy technologies, making it harder for countries to transition to cleaner energy sources, disproportionately affecting vulnerable regions that are more reliant on affordable renewable technology and financing from developed nations. Rising tensions and a fractured international landscape are threatening the coordination needed for global climate action, further delaying the energy transition.
Tasneem Essop, Executive Director, Climate Action Network International
Rana Ghoneim, Industrial Development Officer, UNIDO
Robert Johnston, Senior Director of Research, Center on Global Energy Policy, Columbia University
Jeff Oatham, Chief Sustainability Officer, DTEK
Pilita Clark, Columnist, Financial Times
Donald Trump is creating a National Energy Council that he says will establish U.S. “energy dominance” around the world.
A president has little control over global oil markets, economists say.
Access to reliable energy dramatically improves the quality of people’s lives. And the world needs a lot more energy to bring billions of people out of poverty.
His team is also vetting candidates for top regulation and other jobs.
A bipartisan permitting-reform proposal in the US Senate includes provisions that reduce barriers to an improved electricity transmission system, which would help fortify the country’s energy system and accelerate the transition away from fossil fuels.
Rather than drill, baby, drill, it should be build, baby, build.
This report captures diverse perspectives and offers a comprehensive look at the challenges and pathways toward a sustainable energy future.