Oil surged on Friday, ending the week at multi-year highs as Russia’s invasion of Ukraine intensified and oil buyers avoided barrels from Russia. Brent futures rose $7.65, or 6.9%, to settle at…
Month: March 2022
UN climate report reignites global fight for compensation
With this week’s UN climate science report laying bare the staggering economic costs and losses already faced from climate change, an inevitable question arises: who should pay? Within UN climate negotiations, “loss…
Global airlines on the flight path to carbon neutral aviation
Air transport’s commitment to tackling its environmental challenges has not diminished despite the Covid-19 crisis that has decimated the global aviation industry. On the contrary, many airlines have pledged further action by…
‘Liveable future’ on Earth at risk, UN climate report warns
A landmark UN report warned on Monday that time had nearly run out to ensure a “liveable future” for all, detailing a horrifying “atlas of human suffering” and warning that far worse was to…
Total upstream, midstream investments in natural gas to reach $8.7tn by 2050: GECF
The Gas Exporting Countries Forum (GECF) has projected that the total upstream and midstream investments in natural gas will reach a hefty $8.7tn by 2050. A lack of investment will lead to…