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The Latest Breaking News on Energy

Europe is set to ban Russian oil products, the latest strike on the Kremlin war chest

Starting Sunday, the EU will prohibit imports of Russian gasoline, diesel and other products from Russian refineries used throughout Europe.

WEKU

UAE oil company employees given roles in office hosting Cop28

Exclusive: at least 12 officials at body hosting Cop28 appear to have come straight from fossil fuel industry

The Guardian - UK

The man in charge of how the US spends $400bn to shift away from fossil fuels

The Department of Energy’s loan programs office was ‘essentially dormant’, says Jigar Shah, its head – but now it’s ready to bankroll clean energy projects

The Guardian - US

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Over 11,000 Nigerians file complaint against oil giant Shell over pollution

In tonight's edition: More than 11,000 Nigerians sue oil giant Shell over pollution, damage caused by oil spills and loss of livelihood. Also, we speak to Kyle Walter, Head of US Investigations at Logically, about Russia's social media campaign to push pro-Kremlin messages on the continent. Finally, South Sudan gears…

France 24

Shell company directors earned enough in 2021 to pay 390 nurses, as firm sees record profits

A look at those leading the oil and gas firm as it enjoys the largest profits in its 115-year-history

The Independent UK

Shell’s lack of ambition is maddening: it’s time to speed up transition to renewables

Even on the company’s broader metric, the greener stuff came out at only one-third of total expenditure

The Guardian - UK

Sizewell C nuclear plant will not harm the nature reserve next to it

Letter: Julia Pyke says the project is not ‘on top of’ the RSPB wetland reserve, and there will not take any land from it

The Guardian - UK

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Micronesia says less afraid of release of Japanese nuclear plant water

The Pacific island state of Micronesia, one of the fiercest critics of a Japanese decision to release water from the destroyed Fukushima nuclear plant into the sea, said on Thursday it was no longer as worried about the plan as it had been.

Reuters

Exxon reports record profits

The White House responds with renewed calls to boost production

Salon

Rishi Sunak understands public anger over ‘extraordinary’ Shell profits, No 10 says

Shell should invest more of the money in the UK, Downing Street suggest

The Independent UK

U.S. Permian Basin oil production — and profits — have surged

President Biden has been asking for more oil. Producers now think prices will be high enough for the next several years to justify it.

Axios

Shell under the spotlight in the City after record-breaking profit

Questions on future strategy follow huge capital return plan powered by high gas prices amid calls for windfall tax hikes

Evening Standard

NSW Labor matches Coalition, saying 'no plan' to raise coal royalty rates

Labor says no coal royalty rise as Japanese customers speak out

Newcastle Herald

First Thing: World’s biggest fossil fuel firms ‘profited in Myanmar after coup’

Leaked tax records suggest subsidiaries of international gas field contractors continued to make millions after the coup. Plus, the secret life of André Leon Talley

The Guardian - UK

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The Guardian - US

Revealed: how world’s biggest fossil fuel firms ‘profited in Myanmar after coup’

Leaked tax records suggest subsidiaries of international gas field contractors continued to make millions after the coup

Newcastle Herald

Targeting coal a simplistic response to the complicated issue that is the rising cost of energy

Coal an easy target in power price rise

The Independent UK

Unprecedented profit for Exxon as travel, and war, heated up

Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods

Salon

"War profiteering" Chevron's record gain

"It has price-gouged consumers in plain sight and it's going to get away with it," consumer advocate says

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Newcastle Herald

Treasurer Matt Kean rules out coal rate royalty rise as industry lobbies government for change

Treasurer Matt Kean rules out coal royalty rate rise

Newcastle Herald

'Dirty big holes' in valley of king coal

'There's no way this permanent industrial wasteland would be OK anywhere around Sydney.'

Tribune News Service

Replacing US coal plants with solar and wind is cheaper than running them

Replacing coal power plants across the United States with renewable energy projects would reduce carbon emissions and require less water.

The Guardian - US

US renewable energy farms outstrip 99% of coal plants economically – study

It is cheaper to build solar panels or cluster of wind turbines and connect them to the grid than to keep operating coal plants

Tribune News Service

Cracking under pressure: Inside the race to fix France’s nuclear plants

PARIS — Behind layers of security and a thick concrete wall, a team of welders work in shifts to fix the crippled Penly nuclear plant in northern France. Sweating under protective gear, they’re replacing cracked pipes in the emergency cooling system which protects against a reactor meltdown.

Al Jazeera

Amid economic turmoil, Pakistan hikes up fuel prices

Decision comes amid stalled negotiations with global lender IMF which is yet to release a crucial instalment of $1.1bn.

Daily Mirror

'Pensioner who died in freezing home should shame oil giants raking in £160bn profits'

As an 87-year-old lady died freezing and afraid to turn on the heating in her terraced home, energy fat cats should hang their heads in shame as they exploit the misery of millions

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