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The Latest Breaking News from IEA

Hundreds Of New Oil And Gas Projects Approved Despite Climate Crisis

More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN COP28 climate talks opened Thursday.

International Business Times

Ukraine war has marked a turning point in Europe’s gas consumption, says IEA

Global energy watchdog says Russia cutting supplies has prompted efficiency upgrades and move to heat pumps

The Guardian - UK

OPEC Lashes Out At IEA's Fossil Fuel Warning As International Climate Summit Looms

OPEC's Secretary General loudly defended continued investments in oil and gas on Monday, just days before the beginning of COP28 in Dubai.

International Business Times

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‘It’s like buying an iPhone and not having a cable’: UK’s bid for net zero in the balance due to grid ‘blind spot’

As well as more clean energy, Britain (and the world) needs miles of extra cable to carry it. But a global shortage of components and skills means efforts to meet climate targets will go down to the wire

The Guardian - UK

First Thing: Dutch election results put Geert Wilders’ far-right party in lead

European far-right leaders celebrate success of Wilders’ Party for Freedom, which has won 37 seats. Plus, welcome to the world of gossip surveillance

The Guardian - UK

To save the climate, the oil and gas sector must slash planet-warming operations, report says

The oil and gas sector, one of the major emitters of planet-warming gases, will need a rapid and substantial overhaul for the world to avoid even worse extremes fueled by human-caused climate change

The Independent UK

Companies still investing too much in fossil fuels, global energy watchdog says

Head of International Energy Agency says the industry faces a ‘moment of truth’ as Cop28 talks approach

The Guardian - UK

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Top 5 Coal Stocks to Buy This Month

In a rapidly evolving global energy landscape, coal maintains its position, showcasing resilience. Therefore, fundamentally strong coal stocks Yankuang Energy Group (YZCAY), SunCoke Energy (SXC), Warrior Met Coal (HCC), CONSOL Energy (CEIX), and China Shenhua Energy (CSUAY) might be ideal buys this month. Read more.

StockNews.com

3 No-Brainer Oil & Gas Stock Buys for November

Despite the gradual transition to greener sources of energy, oil and gas demand is unlikely to show signs of slowing down. This, along with supply disruptions, will likely drive prices higher. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks Enterprise Partners (EPD), Cheniere…

StockNews.com

‘I cannot stress too much about it’: Monaco yacht buyers shrug off climate concerns

At annual yacht show, only a handful of customers said they were troubled by vessels’ disproportionate carbon footprint

The Guardian - UK

Revealed: the huge climate impact of the middle classes

Carbon emissions of richest 10% are up to 40 times bigger than poorest, and ignoring divide may make ending climate crisis impossible, experts say

The Guardian - UK

WA government fails to back up premier’s claim expanding gas industry will be good for planet

Western Australian government declines to say whether Roger Cook’s claims backed by publicly available government or third-party analysis

The Guardian - AU

Cop28 host UAE has world’s biggest climate-busting oil plans, data indicates

State oil company’s huge expansion plans make its CEO’s role as president of UN climate summit ‘ridiculous’, say researchers

The Guardian - UK

Crude Oil Erases Early Gains on Global Energy Demand Concerns

December WTI crude oil (CLZ23 ) on Tuesday closed unchanged, and Dec RBOB gasoline (RBZ23 ) closed down -0.0131 (-0.59%). Crude oil and gasoline prices Tuesday gave up early gains and settled mixed on global energy demand concerns. Crude oil prices Tuesday initially moved higher, with crude posting a 1-week...

Barchart

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France 24

McKinsey & Company pushes fossil fuel interests as advisor to UN climate talks, whistleblowers say

The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources…

Foreign Policy

China May Soon Hit Peak Coal

In a major turning point for the world, China’s fossil fuel use is projected to decline starting in 2025.

Fortune

Europes' largest economy falls further behind US in recession warning

The German economy declined 0.1% in the third quarter, with falling oil demand sounding the latest recession alarms.

The Guardian - UK

France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact

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Barchart

1 Dividend Stock Set to Fuel Asia's Renewable Energy Transition

In Asia, another 300 million tons of new LNG export capacity will be needed by 2030 to meet demand — roughly a 75% jump from today’s levels. Here's the best stock to play this energy demand trend.

The Guardian - UK

Rich countries should stop pushing fossil fuels on Africa – don’t we deserve a renewable future too?

Those who caused the climate crisis should help Africa harness its wind and sun, says Vanessa Nakate, a UN Unicef goodwill ambassador climate activist

StockNews.com

Exxon Mobil (XOM) and Chevron (CVX): A Pre-Earnings Analysis of Energy Giants

Exxon Mobil and Chevron (CVX) are scheduled to release their third-quarter earnings soon. Here’s a pre-earnings analysis of the energy giants to determine how investors should position themselves before their numbers are out. Read on….

Fortune

The energy transition is under threat as the Global South lags behind

Together, we can make climate-smart economies the new global standard, write the IFC's Makhtar Diop and Masdar's Mohamed Jameel Al Ramahi.

Radio France Internationale

Current fossil fuel use makes UN climate targets 'very difficult' to achieve, says IEA

The International Energy Agency warned Tuesday that energy policies must evolve if global warming is to be limited to 1.5 degrees Celsius, saying fossil fuel use is still "far too high".

The Hindu

India's demand for electricity for ACs to exceed total power consumption of Africa: IEA

“India’s demand for electricity for running household air-conditioners is estimated to expand nine-fold by 2050 and will exceed total power consumption in the whole of Africa today,” the International Energy Agency (IEA) said on October 24.

The Guardian - UK

Sunak faces further pressure over net zero U-turn after IEA warning

Energy watchdog says countries risks fuelling climate crisis and damaging their economies by rowing back on green policies

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