No water, no oil: How the parched western provinces could hamper the oilpatch

Persistent and severe drought conditions across Western Canada could have a devastating effect on the oil and natural gas sector, which has drilling operations in some of the driest areas, according to a new report by Deloitte. Limited water supply could have significant effects on the production of oil and gas, the report warns, and … Read more

2024 is the year the world could reach peak coal use. But it’s a tough habit to quit

With the COP28 climate summit now in the rearview mirror, some researchers say the moment is here when coal consumption in power plants around the world will finally peak before beginning a perpetual fall. For more than a century, coal has been used to produce electricity, and to this day remains the workhorse of the global power … Read more

COP28 reaches groundbreaking climate deal in Dubai calling for ‘transitioning away from fossil fuels’

After negotiators worked through the night, a new deal has been reached at COP28 which could signal the world’s desire to move away from fossil fuels over the next few decades in an effort to address climate change. Representatives from nearly 200 countries gathered in a public meeting in Dubai to support the new deal, one day … Read more

India: Need clear definition of ‘climate finance’ for trust | India News

DUBAI: Calling out rich nations for their failure to mobilise adequate resources for developing countries, India on Friday asked for clarity in the very definition of ‘climate finance‘ and said the absence of it leads to lack of trust and transparency.“In my view, the minimum short-term action that we need to prioritise and work together … Read more