Oil and gas companies lash out at Labour’s new windfall tax plans – POLITICO

Oil and gas companies lash out at Labour’s new windfall tax plans – POLITICO

A Labour spokesperson said Friday evening that the party’s plans would “create good jobs in all parts of the country” and that the opposition represented the “party of business and stability for their investments” “We have been consistent that a proper windfall tax means raising the rate of the windfall tax to match the rate … Read more

9 takeaways from Putin’s interview with Tucker Carlson – POLITICO

9 takeaways from Putin’s interview with Tucker Carlson – POLITICO

Here are the takeaways from Putin’s sit-down with Carlson. Putin isn’t done with his war The main message Putin sought to convey to Americans: There’s no point helping Ukraine with more money and weapons. And Carlson, who has himself previously questioned U.S. support for Ukraine as it seeks to defend its people and its land … Read more

Labour slash green spending pledge in major U-turn – POLITICO

Labour slash green spending pledge in major U-turn – POLITICO

Shadow Chancellor Rachel Reeves said the party’s plans would be funded through an extension of the windfall tax on oil and gas producers, bringing in £2.2 billion a year, along with £2.6 billion per year in additional borrowing. Labour hope the stripped back spending plan will blunt Conservative attacks over its economic policy. Prime Minister … Read more

World temperatures go a full year above 1.5 C warming limit, EU scientists say

World temperatures go a full year above 1.5 C warming limit, EU scientists say

The world just experienced its hottest January on record, continuing a run of exceptional heat fuelled by climate change, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. Last month surpassed the previous warmest January, which occurred in 2020, in C3S’s records going back to 1950. The exceptional month came after 2023 ranked … Read more

Azerbaijani president on track for 94 percent landslide in tainted election – POLITICO

Azerbaijani president on track for 94 percent landslide in tainted election – POLITICO

While the European Parliament was unable to send a delegation to monitor polling stations as it has in previous years, the chairman of the Russian Federation Council’s foreign affairs committee, Grigory Karasin, told local media the polls were being organized effectively and could even act as a model for Russia’s own presidential election later this … Read more

EU eases farming demands in 2040 climate proposal – POLITICO

EU eases farming demands in 2040 climate proposal – POLITICO

Farmers’ protests have broken out in many countries across Europe in recent weeks, with the industry expressing discontent over the EU’s green policies. Some of the largest demonstrations have been in Germany, prompted by a cut to diesel subsidies. Brussels has faced calls from industry groups and some political parties to lay out a 2040 … Read more

After scrapping nuclear reactors, Germany to spend billions on new gas power plants – POLITICO

After scrapping nuclear reactors, Germany to spend billions on new gas power plants – POLITICO

The government has described the fossil gas power plants as “modern, highly flexible and climate-friendly” because they will be capable of conversion to use clean-burning hydrogen gas produced from renewable sources. The plants are projected to produce up to 10 gigawatts of electricity. Tenders for the projects will begin soon. German energy firm Uniper, which … Read more

Greens push for EU climate neutrality by 2040 in election manifesto – POLITICO

Greens push for EU climate neutrality by 2040 in election manifesto – POLITICO

The earlier target represents a loss for the German Greens who, ahead of a three-day party congress in Lyon this weekend, had pushed for the climate neutrality target to be delayed to 2045, according to amendments seen by POLITICO. The election manifesto, which was adopted by a large majority of national delegations, warned that meeting … Read more

Greta Thunberg cleared of public order charge over London climate demo – POLITICO

Greta Thunberg cleared of public order charge over London climate demo – POLITICO

Activists at the October protest, including Thunberg, attempted to block the entrance to the meeting at London’s InterContinental Park Lane Hotel.  Thunberg warned that “the world is drowning in fossil fuels” before being escorted away from the event by police. She told journalists before her arrest that “spineless politicians” were gathering at the meeting with … Read more