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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Global fossil fuel use has grown alongside GDP since the start of the Industrial Revolution and currently makes up roughly 80% of global energy demand. But to meet our goals to limit global temperature rise to 1.5 C degrees, demand will need to drop sharply by 2050.
Rapidly reducing greenhouse gas emissions from fossil fuels to address the severe threats of climate change requires economic transformations that pose challenges for regions heavily dependent on coal, oil, natural gas, or other carbon-intensive industries.
The world has committed to transitioning away from fossil fuels to avoid the most severe threats of climate change.[1] Communities across the United States rely on fossil fuel...
Also in today’s newsletter, why private capital will not suffice for Africa’s climate needs
As Russian President Vladimir Putin prepares to visit China, the proposed Power of Siberia 2 natural gas pipeline is likely high on his agenda.
The European Union (EU-27) is a globally significant trading bloc focused on reducing greenhouse gas emissions, including by seeking to impose its own environmental standards extra-territorially on its...
One of the enduring mysteries of the European gas market landscape has been the relative lack of recovery in industrial gas use following the 2022 global energy crisis.
Unlike Russian crude oil exports, which in 2023 exceeded the volumes of 2021, Russia’s natural gas exports have dwindled by an estimated 42 percent since 2021, the year before the country invaded Ukraine.