Australia needs an honest reckoning with the fossil fuel industry’s decades-long hold over Australian politics. Without that, we cannot shift to a principled stand against ceaseless expansion.
The underlying reason for the price increases is the acceleration in the international price of crude oil, linked to the Russian war in the Ukraine.
Plastic is made from oil and natural gas, which started out as fossilized plant and animal material. But buried deep underground for millions of years, those materials changed in important ways.
A study found $1.4 trillion in oil and gas industry assets would be at risk if governments follow through on their pledges to deal with climate change.
Former Soviet bloc nations have reason to worry about an embargo on Russian oil, but Europeans are finally recognizing the true costs of their longstanding energy dependence on Russia.
ToxChips study the changes in the DNA of animals exposed to contaminants, like those found in oil spills.
A new study adds up the potential legal and financial risk countries could face from hundreds of agreements, like those under the Energy Charter Treaty.
An EU ban on Russian oil imports should encourage countries to burn less of it.
Has Putin hurt Russia by jolting Europe’s shift away from fossil fuels into high gear?
In recent years, Western governments have, in effect, aided the rise of personalist dictators in Russia, Iraq, Libya, North Korea and Venezuela.
Oil is used throughout the US economy. It goes into packaging, toys, clothing and especially the food we eat.
The UK’s bumpy relationship with Saudi Arabia will not turn on new oil supplies.
Petrol prices have spiked, forcing governments to step in to reduce costs. But will the rising prices actually force drivers out of their cars, reducing consumption and carbon emissions?
Buyers are avoiding Russian oil in response to the war in Ukraine. Can smaller producers leverage this moment to strike favorable deals with big oil companies?
Europe’s options of alternative sources of oil are limited,
Price shocks are a feature of the global oil market, not a bug – and even when governments take many steps to grow supply or reduce demand, it can be years before prices ease.
The rapid boycott of Russian companies suggests ‘political consumerism’ has become a new normal for people to protest against governments
Two weeks into the invasion, here’s what’s been happening so far.
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
Oil supply is very tight, and the current geopolitical crisis involving Russia, one of the world’s largest oil producers, has pushed prices over the edge.