Exclusive | China wielding ‘bargaining power’ with Russia over Power of Siberia 2 natural gas pipeline

To export at least 98 billion cubic metres per year of gas from Russia to China as promised by Russian President Vladimir Putin, figures from Spanish multinational financial services firm BBVA showed that the new pipeline is needed because the Power of Siberia 1 is limited to 67 billion cubic metres per year. It’s a … Read more

We’re drunk on oil and gas, need to ‘phase-out’ fossil fuels, Markey says

Any agreement for fighting the negative impacts of a changing climate to emerge from the international summit currently being held in Dubai must include a plan to “phase out” the use of fossil fuels but nevertheless may not, according to the Bay State’s junior U.S. Senator. U.S. Senator Ed Markey, speaking from the COP28 summit … Read more

Alberta premier’s arguments on increasing oil and gas production ‘logically incoherent’: Wilkinson

Federal Energy Minister Jonathan Wilkinson says Alberta Premier Danielle Smith’s claim that Canada can achieve carbon neutrality in 2050 while simultaneously increasing oil and gas production is “incoherent.” Smith has long argued that carbon neutrality is about a transition away from emissions and not a transition away from oil and gas production, a source of … Read more

2023 set to be hottest year on record, UN says

The United Nations weather agency said Thursday that 2023 is all but certain to be the hottest year on record, warning of worrying trends that suggest increasing floods, wildfires, glacier melt and heat waves in the future. The World Meteorological Organization also warned that the average temperature for the year is up some 1.4 degrees C from … Read more