John Kerry said major oil-exporting countries’ willingness to acknowledge that the era of fossil fuels must come to an end underscored the “urgency” of the deal.
Category: Oil (Petroleum) and Gasoline
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BP Takes Tough Line With Former C.E.O. Over Relationships With Colleagues
The oil giant said Bernard Looney had “knowingly misled the board” about the relationships and was not entitled to $40 million.
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Oil Producers Back Climate Deal Despite Fossil Fuel Language
At the United Nations climate conference, the final statement included elements that pleased oil and gas producers.
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What’s Missing from the COP28 Climate Deal
The agreement calls for phasing out fossil fuels. But it also lets oil producers keep drilling and gives few specifics on how to fund a shift to greener energy.
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Gas Prices Are Falling, Hitting Lowest Level in Almost a Year
The decline in gas prices has come as consumer sentiment has rebounded.
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Why Volkswagen Is Hiring 3,000 Engineers in China
Volkswagen is shifting more operations to China, tapping the country’s electric vehicle capacity and building factories.
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Occidental Is Latest Oil Company to Buy a Smaller Producer
The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and Chevron announced acquisitions.
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Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
Two- and three-wheeled vehicles, used by billions of people, are moving away from fossil fuels to batteries faster than cars in countries that have made the energy transition a priority.
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Biden Administration Unleashes Powerful Regulatory Tool Aimed at Climate
Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.
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COP28 Climate Summit Begins Against Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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A Tense Climate Summit Begins Against a Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears
American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.