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Global Energy Challenges
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Europe's climate credentials face acid test in EIB fossil fuel vote

LONDON Europe's climate change credentials face an acid test this week when the bloc's lending arm, the European Investment Bank, decides whether or not to stop funding fossil fuel projects beyond next year.

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British Airways owner IAG commits to net zero carbon emissions by 2050

Oct 10 2019

LONDON British Airways owner IAG said it will achieve net zero carbon emissions by 2050, becoming the first major airlines group to make such a commitment. | Video

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World urgently needs to quicken steps to reduce global warming: IMF

Oct 10 2019

WASHINGTON Countries around the world should urgently begin accelerating efforts to reduce greenhouse gas emissions, and the best way to do that is through implementation of carbon taxes and global cooperation, the International Monetary Fund said on Thursday.

China oil refiner issues $140 million green bond to fund new capacity

Oct 10 2019

SHANGHAI/BEIJING Oil refiner Jiangsu Eastern Shenghong Co. has issued a green bond worth 1 billion yuan ($140.60 million) to fund a petrochemical complex, the latest Chinese company to use clean financing to develop polluting fossil fuels.

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Trump's fast-tracking of oil pipelines hits legal roadblocks

Oct 09 2019

NEW YORK The Trump administration's effort to cut red tape and speed up major energy projects has backfired in the case of the three biggest U.S. pipelines now planned or under construction.

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Exxon names BAML to run Malaysia asset sales: sources

Oct 09 2019

LONDON Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said.

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