The oil market ‘is lying to us’ oil execs say
Oil prices held above $100 a barrel on Thursday as peace talks between the US and Iran collapsed before a second round could take place.
Long a leader in progressive climate change legislation, the European Union doubled down on those ambitions this week as it pushed forward a groundbreaking green stimulus package to revive its pandemic-ravaged economies. On July 21, 2020, EU leaders reached agreement, subject to ratification by the European Parliament and national legislatures, on their new green stimulus, a package entitled Next Generation EU. This package will make fighting climate change central to Europe’s recovery, with large sums earmarked for green investments and carbon reduction goals. There remains disagreement about the package and criticism from some member states that are heavily dependent on hydrocarbons, as well as from some environmentalists who say it doesn’t go far enough. At the end of last week, the EU parliament approved a non-binding resolution criticizing the deal.
On this episode of the Columbia Energy Exchange, host Jason Bordoff is joined by someone who has been at the forefront of the EU’s response, Executive Vice President of the European Commission in Charge of the European Green Deal, Frans Timmermans. Frans Timmermans is a Dutch politician and diplomat who has served as First Vice President of the European Commission since 2014. Since December 2019, he has served as the Executive Vice President of the European Commission for the European Green Deal and simultaneously as the European Commissioner for Climate Action. He was previously Minister of Foreign Affairs and State Secretary for Foreign Affairs for the Netherlands. Earlier in his career, he was a member of the Dutch House of Representatives for the Labour Party and a civil servant in the diplomatic service of the Netherlands before becoming active in politics.
What policies help stimulate economic activity, can be done in a reasonably quick timeframe, and also help address climate change? They discuss what’s included in the Next Generation EU package and what the deal might mean for carbon reduction, climate change and economic recovery from the COVID-19 pandemic, both in the EU and around the world.
The global order that shaped the past several decades is giving way to a more fragmented and uncertain world. Long-standing alliances are under strain, economic integration is giving...
It’s been a head-spinning day in the Iran war. Earlier today, following a temporary truce between Lebanon and Israel, Iran announced that the Strait of Hormuz would be...
With an April 21 deadline looming, the Middle East remains suspended in a volatile state of war and peace. Regional mediators are scrambling to broker a second round...
Energy abundance means different things in today’s global context than it did even a decade ago. It is about expanding electricity access while meeting rising energy demand. It...
Europe is entering the 2026 gas injection season with its lowest level of gas in storage since 2018.
In March 2012, Israeli Prime Minister Benjamin Netanyahu arrived in Washington to press a US president on slowing Iran’s nuclear ambitions. Inside the White House, the dilemma was stark.
On February 28, the US and Israel launched new attacks on Iran targeting primarily the country's leadership, security forces, and missile program.