Page 2 - Fossil Fuel

China's fossil fuel output dips from March highs but rises year-on-year

Gas output rose 8.1 per cent year-on-year to 21.5 billion cubic meters, while crude oil increased 1.5 per cent to 17.7 million tonnes, the statistics bureau said

Trump admin cancels clean energy grants as it prioritises fossil fuels

President Donald Trump's administration is terminating grants for two clean energy projects and roughly 300 others funded by the Department of Energy are in jeopardy as the president prioritizes fossil fuels. The DOE is cancelling two awards to a nonprofit climate think tank, RMI in Colorado, according to a document from the agency confirming the cancellations that was reviewed by The Associated Press on Friday. One was for nearly $5.3 million to retrofit low-income multifamily buildings in Massachusetts and California to demonstrate ways to reduce the use of energy and lower planet-warming greenhouse gas emissions. The other was for USD 1.5 million to assess business models for electric vehicle carsharing in US cities. The department wrote that it had determined the awards do not meet the administration's objectives. Both awards are on a list of about 300 clean energy projects under review. President Donald Trump declared an energy emergency early in his term and is working to speed

Dems target Trump's energy emergency after his pro-oil and gas moves

President Donald Trump began dismantling his predecessor's climate change and renewable energy policies on his first day in office, declaring a national energy emergency to speed up fossil fuel development a policy he has summed up as drill, baby, drill. The declaration calls on the federal government to make it easier for companies to build oil and gas projects, in part by weakening environmental reviews, with the goal of lowering prices and selling to international markets. Democrats say that's a sham. They point out that the U.S. is producing more oil and natural gas than any other country and the Biden administration's Inflation Reduction Act boosted renewable energy at a critical time, creating jobs and addressing the climate change threat 2024 was Earth's hottest year on record amid the hottest 10-year stretch on record. It would also set a horrible precedent, that a president of either party can invent a sham emergency and then grab away from Congress powers that Congress h

BP turns back to fossils, to increase annual oil, gas investment to $10 bn

The oil major slashed planned annual investment in transition businesses by more than $5 billion than its previous forecast, to between $1.5 billion and $2 billion per year

Ex-oil market chief criticises IEA, seeks cut in energy transition focus

IEA is under fire from the administration of President Donald Trump for a shift in recent years toward a focus on clean energy policy

Tata Motors, Indian Oil Corp to drive first hydrogen truck pilot project

Trial run on 3 routes to begin this quarter

How Trump's 'drill, baby, drill' call threatens India, developing nations

Donald Trump's push for fossil fuel dominance through his 'drill, baby, drill' approach endangers global climate efforts and hits vulnerable developing nations the hardest

Asian nations look to buy more US fossil fuels to make Trump happy

The re-elected populist leader has threatened tariffs against a number of nations that have trade surpluses with the US

New York to charge fossil fuel firms for damage from climate change

Large fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed by Governor Kathy Hochul. The new law requires companies responsible for substantial greenhouse gas emissions to pay into a state fund for infrastructure projects meant to repair or avoid future damage from climate change. Lawmakers approved the bill, signed on Thursday, earlier this year to force big oil and gas companies to contribute to the cost of repairs after extreme weather events and resiliency projects such as coastal wetland restoration and upgrades to roads, bridges and water drainage systems. The Climate Change Superfund Act is now law, and New York has fired a shot that will be heard round the world: the companies most responsible for the climate crisis will be held accountable," said state Senator Liz Krueger, a Democrat who sponsored the bill. The planet's largest climate polluters bear a unique responsibility for creating the climate crisis, a

China issues 19 mn metric tons of fuel under 2025 1st batch export quota

China manages its refined oil exports via a strict quota system, using exports as a tool to balance and ensure the domestic market is sufficiently supplied

TKIL in talks with OMCs to manufacture green hydrogen, put up retail infra

TKIL Industries on Tuesday said that it has acquired a stake in Swiss company Sohhytec SA, which will give it access to a technology for producing green hydrogen directly from solar energy. TKIL, formerly known as Thyssenkrupp Industries India, can produce pressurised hydrogen and also set up the infrastructure which will be required to store and fill up vehicles, the company's chief executive Vivek Bhatia said. "We are already in conversations with OMCs (oil marketing companies) and we are giving our first proposals on what a hydrogen based retail facility will look like," Bhatia said. Automobile companies have already created the necessary engines to make it possible for vehicles to run on hydrogen, Bhatia said, pointing to a particular model commercially launched by a Japanese automaker and added that heavy vehicles will also benefit from its usage. Declining to disclose the stake bought in the Swiss company or the money invested for buying exclusive rights for the technology in

Can't address pollution without cutting fossil fuels import: Gadkari

India cannot address the problem of pollution without reducing import of fossil fuels, Union Minister Nitin Gadkari said on Wednesday. Addressing 'Times Drive Green Conclave & Awards 2024' event, Gadkari further said a bio-fuel economy is very import today and it is in good position in India. He said 40 per cent of air pollution in the country is because of the transport sector. "Pollution is a big concern in India.. without reducing import of fossil fuels, we cannot reduce pollution in the country. In the transport sector, we need to find out alternative for fossils fuels... We need to develop sustainable development model," Gadkari said. The road transport and highways minister also noted that India is facing problems in the agriculture sector due to surplus production of wheat, rice and sugar. In this context, he said the government has taken decision to diversify agriculture into energy sector. "Today there are 400 projects in Punjab, Haryana, and Maharashtra where they are ..

India's transport future balances fossil fuels and clean technology

The study says that natural gas will dominate fossil fuel demand, gradually replacing petroleum products

India, EU firm up extensive roadmap for green hydrogen cooperation

India and the European Union (EU) have finalised an extensive roadmap for the green hydrogen sector that includes development of infrastructure, technology cooperation and boosting supply chains. The two sides deliberated on ways to enhance cooperation in the sector at the 10th meeting of the India-EU Energy Panel held on Thursday in Brussels. At the meeting, a "work plan" was adopted for the third phase of the India-EU Clean Energy and Climate Partnership 2025-28, which will focus on deeper cooperation in five priority areas, according to the Ministry of External Affairs (MEA). The priority areas are green hydrogen, offshore wind energy, regional connectivity, electricity market integration and smart grids, energy efficiency, and energy and climate diplomacy. "The two sides have set out an extensive agenda for green hydrogen cooperation, which includes assessing infrastructure development feasibility, regulatory and technology cooperation, and strengthening of supply chains," the

Explained: Why crude oil companies are walking back from green energy

Investors are rewarding oil giants that did not embrace wind and solar

TotalEnergies, Oil India sign pact on methane emissions detection

French energy giant TotalEnergies and state-owned Oil India Ltd (OIL) signed a cooperation agreement to carry out methane emissions detection and measurement campaigns at the Indian firm's sites. The two will use TotalEnergies' pioneer AUSEA technology, the French firm said in a statement. OIL recently joined the Oil and Gas Decarbonization Charter (OGDC), a global industry initiative launched at COP28, co-chaired by TotalEnergies' CEO. The OGDC's ambition is to work towards net-zero operations by 2050, as well as near-zero upstream methane emissions and zero routine flaring by 2030. Moreover, OGDC members are committed to measuring and publicly reporting progress. "In line with the OGDC's principle of sharing good practices, TotalEnergies makes this technology available to other operators among the signatories, as an effective and recognized tool to detect, measure and eventually abate methane emissions on their own assets," the statement said. Mounted on a drone, the AUSEA gas .

G20 Summit 2024: Deadline to phase out fossil fuel appears elusive

Opposing curbs on hydrocarbon investments, India has called for expanding decarbonization efforts and increasing renewables

Donald Trump names fossil fuel executive Chris Wright as energy secretary

President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration. Wright, CEO of Denver-based Liberty Energy, is a vocal advocate of oil and gas development, including fracking, a key pillar of Trump's quest to achieve US "energy dominance" in the global market. Wright has won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump's first term. Hamm helped organise an event at Trump's Mar-a-Lago resort in April where Trump reportedly asked industry leaders and lobbyists to donate USD 1 billion to Trump's campaign, with the expectation that Trump would curtail environmental regulations if re-elected. Wright has been one of the industry's loudest voices against efforts to fight clim

Clean energy job growth outpaces fossil fuel sector in India: Report

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

India's pollution soars as does fossil fuel use, climate fight gets tougher

The Global Carbon Budget 2024 study says fossil-related carbon dioxide emission in India is projected to rise by 4.6 per cent this year in line with rapid economic growth