Greenland’s recent elections resulted in a pro-business coalition focused on economic development, increasing interest in rare-earth minerals and potential oil exploration.
Greenland’s recent elections resulted in a pro-business coalition focused on economic development, increasing interest in rare-earth minerals and potential oil exploration.
BP has reversed its net-zero ambitions, shifting back to fossil fuels. What’s behind this U-turn, and what does it mean for the energy transition?”
Donald Trump, as the 47th US President, prioritizes reversing Biden’s climate agenda, exiting the Paris Agreement, increasing fossil fuel production, and deregulating energy policies, despite climate concerns from environmental groups.
Trump’s aggressive pursuit of Greenland is driven by strategic interests, economic opportunities, and climate change impacts on Arctic access.
China’s oil demand is forecasted to peak at 770 million tonnes in 2025 before declining to 240 million tonnes by 2060, driven by shifts in transportation and energy consumption habits.
The selection of Azerbaijan to host COP29 raises concerns over its fossil fuel agenda, conflicts of interest in leadership, and insufficient climate targets, amidst criticism from world leaders regarding its emissions.
Norway’s Sovereign Wealth Fund, valued at $1.71 trillion, plans large investments in renewable energy. It commits $1.01 billion to Copenhagen Infrastructure Partners for offshore and onshore wind, solar, and grid projects. Despite this, Norway’s oil and gas industry has not pledged to scale back extractions, drawing criticism.
Western countries pledged to stop buying Russian oil and gas after the Ukraine invasion, but Europe still heavily depends on Russian gas. Germany reduced reliance, but Austria remains the largest consumer. The UN emphasizes transitioning to clean energy.
Elon Musk’s shifting stance on climate change, from urgent action to downplaying the risk, raises concerns. Despite his previous understanding, his recent views seem politically motivated.
The fossil fuel industry’s efforts to delay inquiries highlight its sense of impunity – and echo tactics used to obstruct climate action and deceive the public.