A “toxic triangle” of political inaction, short-sighted economic policies and profit-driven fossil fuel advocates threaten to raise global temperatures, leaving 400 million people in jeopardy of hunger and drought by 2060, Oxfam UK warned on Friday.
The UK has blocked a $6.4 billion deal by Russian billionaire Mikhail Fridman to attain North Sea gas fields, as part of its ongoing sanctions package against Russian businessmen and investors believed to have close ties with President Vladimir Putin.
LEGO has announced it will not renew its contract with Shell ending a 50-year association. It comes three months after a Greenpeace campaign to prevent the exploration of the Arctic which got the support by more than a million people worldwide.
Industry illegally injected about 3 billion gallons of fracking wastewater into central California drinking-water and farm-irrigation aquifers, the state found after the US Environmental Protection Agency ordered a review of possible contamination.
Profits have declined for German energy companies since Angela Merkel decided to shake up the power industry by cutting nuclear energy in favor of renewables. The impact on the energy sector is severe, and may be having a domino effect across Europe.
The US is doing its best to estrange the EU from Russia to get the upper hand in a free trade deal, and also, to manipulate European countries into buying America’s relatively more expensive natural gas.
Romanian authorities have halted the production and frozen the assets of an oil refinery owned by major Russian crude producer Lukoil, following tax evasion and money laundering allegations. The company is awaiting the results of an appeal.
Moscow needs to continue seeking a gas supply compromise with Kiev, Russian Prime Minister Dmitry Medvedev said during a meeting with the country's energy minister. Both agreed it is crucial to resume gas supplies to Ukraine, as winter is on its way.