Brazil has authorized controversial offshore oil exploration near the Amazon, less than a month before it hosts the U.N. climate summit (COP30), where it aims to present itself as a leader in environmental preservation
Governments worldwide plan to produce 120% more fossil fuels by 2030 than the level consistent with limiting global warming to 1.5 degrees Celsius, as outlined in the Paris Agreement
The Brazilian government reported that the state-run oil company Petrobras has met one of the environmental requirements set by authorities to explore potential oil reserves near the mouth of the Amazon River
The Executive Director of the International Energy Agency (IEA), Fatih Birol, highlighted that the energy transition is necessary not only to mitigate the effects of climate change but also to provide immediate economic benefits and contribute to future energy security
Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down – and at times reversing – climate commitments in a shift that they are likely to stick with in 2025
In a statement, the U.S. Environmental Protection Agency explained that this directive encourages companies to take immediate actions to reduce methane emissions
Brazilian President Luiz Inácio Lula da Silva reaffirmed his commitment to the energy transition but stated that his country will continue exploiting oil because “the world is not yet prepared” to forgo fossil fuels. “I am in favor of an energy transition, but the reality is that the world is still not ready” to abandon […]
The Biden administration took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources
President Joe Biden’s administration finalized a range of reforms designed to boost returns and address environmental harms from drilling on public lands, a move that will increase fees for oil and gas companies that operate there
