Just a week after the Intergovernmental Panel on Climate Change (IPCC) gave its starkest warning yet that the vast majority of existing oil, gas and coal reserves need to be kept in the ground, a new report reveals that governments are flagrantly ignoring these warnings and continuing to subsidise exploration for fossil fuels.
Is this one of those rare occasions where policy-makers self-critically correct a gigantic blunder? Or is it a cold turnabout guided by pure self-interest?
The recent call from Russian Prime Minister Dmitry Medvedev for “tightening belts” has convinced even optimists that something is deeply wrong with the Russian economy.
China’s plan to become Costa Rica’s main energy ally through the joint reconstruction of an oil refinery has been revived after the presidents of the two countries agreed to review the conditions of the project during a meeting in the Brazilian capital.
Which story line sounds the more credible – that linking the rebel movement ISIS (the Islamic State in Iraq and Syria) to policies pursued by Iran or that linking the Sunni extremist force to Iran’s adversary Saudi Arabia?
Nigeria is one of Africa’s largest emitters of greenhouse gases. A significant percentage of this pollution takes place in the Niger Delta region thanks to the existence of multination oil companies and the activities of hundreds of illegal refineries where local people process stolen crude oil.For a country that is at the receiving end of the environmental impact of climate change, there is a growing sense that this West African country should curb its emission of greenhouse gases. Private initiatives and effective legislation are likely to play crucial roles in Nigeria’s drive to curbing its emissions.
Time for Nigeria to Curb its Own Emissions from IPS News on Vimeo.
In the past 15 years, China has gone from being a relatively insignificant economic partner in Latin America to the number-one trading partner of some of the largest economies in the region.
The decision late Thursday by the Kurdistan Regional Government (KRG) to proceed with its first shipment of crude oil to Europe out of the port of Ceyhan in southern Turkey has received mixed reactions from all the parties concerned.
Even as U.S. and Moroccan executives meet to discuss strengthening private sector ties between the two countries, advocacy groups are raising concerns about plans by a U.S. energy firm to explore for oil in the contested territory known as Western Sahara.
Gatmai Deng lost three family members in the violence that erupted in South Sudan on Dec. 15 and lasted until the end of January. And he blames their deaths on the government’s failure to use the country’s vast oil revenues to create a better life for its almost 11 million people.
With its two-trillion-dollar economy, recent discoveries of billions of dollars worth of minerals and oil, and the number of investment opportunities it has to offer global players, Africa is slowly shedding its image as a development burden.
Saudi Arabia’s public anger against the United States masks the kingdom’s growing concern about its diminishing influence in the Persian Gulf and the wider Arab world.
Reported U.S. spying on Brazil’s Petrobras oil firm revived the controversy over opening up the company, a symbol of Brazilian sovereignty since the 1950s, to foreign investment.
Tarzie Vittachi, a Sri Lankan journalist who in his final years was the bemused occupant of a high United Nations office, once summed up with his characteristic terse wit a central truth about international affairs: “Everything is about something else.”
A shift in U.S. foreign policy towards Venezuela may be pending as a bilateral rapprochement suddenly appears more possible than it has in years.