Tag: Energy security
They’re talking, but a climate divide between Beijing and Washington remains – POLITICO
This article is part of the Road to COP special report, presented by SQM.
Last week’s surprise deal between China and the United States may provide a boost to the climate talks in Dubai — but the two powers remain at odds on tough questions such as how quickly to shut down coal and who should provide climate aid to developing nations.
The world’s top two drivers of climate change are also divided by a thicket of disagreements on trade,
Just Stop Oil approach ‘contemptible’ says Starmer – POLITICO
LONDON — Protesters demanding an immediate halt to British fossil fuel production are “contemptible,” Labour leader Keir Starmer has said, in his latest move to distance the party from U.K. climate activist group Just Stop Oil.
In an article for the Sunday Times, the opposition leader emphasized Labour’s position that the country will need to exploit existing North Sea oil and gas sites “for decades to come.”
Just Stop Oil has been heavily criticized for its use of disruptive public
Moscow says JPMorgan stops processing Russia grain payments – POLITICO
U.S. bank JPMorgan has stopped processing payments for the Russian Agricultural Bank, Russia’s Foreign Ministry said on Friday.
The Russian Agricultural Bank, or Rosselkhozbank, was cut off from the SWIFT international payments system by the European Union last year following Russia’s invasion of Ukraine. According to Reuters, JPMorgan had been handling some Russian grain export payments in recent months.
“The Western capitals and the U.N. tried to present the direct channel established between Rosselkhozbank and American JPMorgan as an alternative
Drone attack on tanker shows Kyiv’s intent to hit Russian energy shipments – POLITICO
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KYIV — An overnight naval drone attack against a Russian tanker in the Black Sea signals a potential new front in the Ukraine war, with Kyiv delivering its strongest message to date that it is willing to target Moscow’s all-important shipments of oil and fuel.
The battle for supremacy in the Black Sea is ramping up fast, with massive implications for global energy and food security. The attack on
Saudi Arabia’s bid to become Ukraine war middleman – POLITICO
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Saudi Arabia was dismissed globally as a human rights pariah following the brutal murder of journalist Jamal Khashoggi in 2018.
But this weekend, the country will burnish its credentials as a peacemaker when it hosts talks on the Ukraine war.
Dozens of national security advisers and senior-ranking officials are descending on the Red Sea city of Jeddah for a meeting that kicks off Friday evening.
The aim is to
Rishi Sunak’s home hit by Greenpeace in oil and gas protest – POLITICO
LONDON — Greenpeace climate activists scaled Rishi Sunak’s family home and draped it in black fabric — as part of a protest against plans to issue new oil and gas licenses in the North Sea.
“Climbers are on the roof of Rishi Sunak’s mansion draping it in 200 metres of oily-black fabric to drive home the dangerous consequences of a new drilling frenzy,” Greenpeace U.K. tweeted Thursday, as they shared a picture of the stunt.
No. 10 Downing Street
Rishi Sunak to green-light hundreds of new oil and gas licenses in North Sea – POLITICO
LONDON — The U.K. will grant hundreds of new oil and gas licenses for the North Sea as Rishi Sunak’s government continues to lean on fossil fuels as part of its energy strategy.
The U.K. prime minister said on Monday that approving the new licenses would “bolster” energy security and create jobs, as well as build space for carbon capture usage and storage (CCUS) projects — but his plans drew immediate warnings from green groups.
The North Sea Transition Authority
20 people who matter in the UK’s race to net zero – POLITICO
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LONDON — The U.K. has net zero targets. Now it’s just got to figure out how to get there — fast.
In the space of four years, the U.K.’s legal net zero target has gone from words on paper to a vast national effort touching the lives of everyone in the country. Despite ambitious goals, enshrined in law, some in industry criticize what they see as the lack of