Tag - oil

 
 

OIL

COMMENTARY / World
Dec 14, 2023
It’s time to kick our addiction to fossil fuels
The COP28 deal is historic in that it calls for a transition away from fossil fuels for the first time, but it's too weak to tackle the climate emergency.
COP28 President Sultan Al Jaber, of the United Arab Emirates, addresses the plenary, after a draft of a negotiation deal was released, at the COP28 United Nations Climate Change Conference in Dubai on Wednesday.
ENVIRONMENT / Climate change
Dec 13, 2023
Nations strike deal at COP28 to transition away from fossil fuels
More than 100 countries had lobbied hard for strong language in the deal to "phase out" oil, gas and coal use, but came up against powerful opposition.
Wiring connects photovoltaic panels at the Al Dhafra Solar project, constructed by Electricite de France (EDF) and Jinko Power Technology, in Abu Dhabi, United Arab Emirates, in January.
ENVIRONMENT / Climate change
Dec 13, 2023
China’s pressured clean energy industry sees Saudi potential
Saudi Arabia is said to offer benefits including low-cost electricity, good relations with other countries and a central location.
An oil pump outside Saint-Fiacre, near Paris, in 2019
BUSINESS
Dec 13, 2023
Big Oil's bid to woo ESG investors fails to impress
A pledge by 50 of the biggest oil and gas companies at the U.N. climate talks in Dubai commits to reaching near-zero methane emissions by 2030.
A pollution pod designed to mimic the air quality in New Delhi sits during the United Nations Climate Change Conference (COP28) in Dubai on Tuesday
ENVIRONMENT / Climate change
Dec 13, 2023
Without fairness, fossil fuel phase-out flounders at COP28
Developing countries emphasized that they could not embark on the journey toward renewables in the absence of clear guarantees of international support.
COP28 President Sultan Al Jaber in Dubai on Monday
ENVIRONMENT / Climate change
Dec 12, 2023
COP28 summit goes into overtime with new draft deal in works
The UAE's Sultan Al Jaber has the task of getting almost 200 countries to agree to a text that will govern the global fight against climate change.
The COP28 climate conference is being held at Expo City Dubai for a total of 100,000 attendees, 2,000 of which are from fossil fuel companies.
COMMENTARY / World
Dec 11, 2023
COP28 like a trade show? That’s not a bad thing.
Some lament the presence of many fossil fuel representatives among the 100,000 attendees of COP28 in Dubai, failing to recognize their key role.
Delegates arrive at Dubai's Expo City during COP28 on Saturday
ENVIRONMENT / Climate change
Dec 9, 2023
Oil is everywhere at COP28, vexing those seeking its demise
To many of the activists in attendance, the prominence of the oil and gas industry is a travesty.
Shipping containers at a commercial port in Vladivostok, Russia, in August
BUSINESS
Dec 9, 2023
Putin's economic challenges are numerous — but surmountable — as election looms
Russia's success in evading a Western oil price cap is helping drive a recovery in economic growth.
COP28 President Sultan Ahmed Al Jaber gives a press conference at the United Nations Climate Change Conference in Dubai on Dec. 4.
COMMENTARY
Dec 8, 2023
Climate solutions are debatable, but science is inescapable
How we set environmental policies depends on how we interpret the facts.
North Korean leader Kim Jong Un speaks during an event in Pyongyang. Smuggling efforts could be directly linked to the North's military ambitions, analysts have said.
ASIA PACIFIC / Politics
Dec 8, 2023
North Korean smugglers disguised under Pacific island flags
With strict sanctions limiting Pyongyang's ability to import fuel, smugglers have adopted increasingly creative methods.
Abdulaziz bin Salman, Saudi Arabia's energy minister, during an interview at the Energy Ministry in Riyadh on Monday
ENVIRONMENT / Energy
Dec 5, 2023
Saudi Arabia says 'absolutely not' to oil phaseout at COP28
About 200 countries must come to a consensus decision at the meeting in Dubai.
Sultan Ahmed Al Jaber speaks during day three of the COP28 climate conference in Dubai on Saturday.
WORLD / Science & Health
Dec 4, 2023
COP28 president’s fossil-fuel phaseout talk draws condemnation
The comments have raised questions over whether the conference will be able to unite behind a strong pledge targeting the elimination of fossil fuels.
U.S. Vice President Kamala Harris, speaks at a high-level segment at the COP28 climate conference in Dubai on Saturday.
WORLD / Politics
Dec 3, 2023
U.S. lays out plan at COP28 to slash methane emissions from oil and gas
The rules, two years in the making, were announced by U.S. officials at the United Nations COP28 climate change conference in Dubai.
World leaders prior to the opening ceremony of the COP28 summit in Dubai on Friday.
ENVIRONMENT / Climate change
Dec 2, 2023
A tense climate summit begins amid wars and record heat
At the U.N. climate conference in Dubai, a parade of dignitaries invoked faith, science and economics in their calls for a rapid energy transition.
A Cosmo Energy service station in Tokyo
BUSINESS / Companies
Dec 1, 2023
Iwatani emerges as potential Cosmo white knight with share buy
Iwatani will pay ¥105.3 billion, or ¥6,052 per share, to raise its stake in Cosmo to 19.93% from the current 0.07%.
The front page of The Japan Times on Christmas Eve in 1948 carries news of high-profile executions.
JAPAN / History / Japan Times Gone By
Dec 1, 2023
1948: Tojo and six others hanged
December reports focus on some major events from Japan's past: the 1923 earthquake, World War II and the 1970s oil shock.
Sultan Al Jaber strongly denied reports that he used his position as COP president to pitch new oil and gas investments to governments.
WORLD / Politics
Nov 30, 2023
COP28 president denies using climate talks to push oil deals
The allegations against Sultan Al Jaber have fanned long-running suspicions over the wisdom of a petrostate hosting the climate talks.
Pope Francis had planned to attend the COP28 conference in Dubai this week, but canceled on Tuesday due to health concerns.
ENVIRONMENT / Climate change
Nov 29, 2023
U.S. bishops cling to fossil fuels, despite Pope's 2015 appeal
Not a single diocese has announced it has let go of its fossil fuel assets since the pope's landmark encyclical on environmental stewardship.
A person walks past a COP28 sign in Abu Dhabi on Oct. 1.
ENVIRONMENT / Climate change
Nov 28, 2023
Biggest climate talks ever confront global chaos and record heat
Greenhouse gas emissions are still rising, and promises to cut pollution remain insufficient to take the risk of unmanageable warming off the table.

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