Tag Archives: Irish Times

Energy and environment ministers of the Group of Seven wealthy nations have vowed to work to hasten the shift towards cleaner, renewable energy. But they set no timetable for phasing out coal-fired power plants as they wrapped up two days of talks in the northern Japanese city of Sapporo. The …

Natural gas from a potential Irish reservoir close to the existing Corrib field will produce less emissions than imports, says a new report. Europa Oil & Gas has identified two prospects off the Republic’s west coast that could between them amount to twice the amount of natural gas that the …

Green energy investors rate Ireland as 13th of the 40 most attractive destination for their money, a new survey says. The EY Renewable Energy Country Attractiveness Index, published on Thursday, says the State has held a strong position in the rankings of the countries assessed. The 13th spot represents a …

Natural gas fluctuated as the European Union pushed on with its market intervention to ease the worst energy crisis in decades, but the plans are unlikely to include a cap on prices of imported fuel. Benchmark futures gave up most of an earlier decline of as much as 4.9 per …

The European Union will set out emergency plans on Wednesday to reduce gas demand within months, warning countries that without deep cuts now they could struggle for fuel during winter if Russia cuts off deliveries. Europe is racing to fill its gas storage ahead of winter and build a supply …

Earlier this month Boris Johnson, the British prime minister, grabbed headlines by travelling to Kyiv to demonstrate his solidarity with Volodymyr Zelenskiy, the Ukrainian president. It was eye-catching, tub-thumping stuff. But if Johnson wants to support Ukraine against Russia’s invasion, he should make a symbolic visit somewhere closer to home …

The world’s largest listed oil companies will have to cut production by at least 50 per cent over the next decade if the world is to limit global warming to 1.5 degrees as per the Paris climate accord, influential climate think tank Carbon Tracker has warned. In a new report, …

The sovereign wealth fund of Norway, which manages $1.4 trillion (€1.2tn) in assets, has said there are oil companies in its portfolio that “absolutely” aren’t doing enough to cut emissions, as the guidelines under which it operates are reviewed, potentially giving the investor more scope to act. Norges Bank Investment …

America’s appetite for fossil fuels has come roaring back as the economy cranks into gear, providing a boost to energy groups but flying in the face of Washington’s drive to slash emissions. Motorists’ return to the roads following the loosening of pandemic restrictions is pushing up fuel demand and the …

Russia’s largest oil producer Rosneft made a second-quarter profit of 43 billion roubles (€496 million) after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday. Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin, is the first …