double exposure wind turbine and oil refinery investment stock graph concept.

Electricity prices hit record high on SEEPEX – EUR 540 per MWh

07 March 2022 - Brent oil hit USD 139.13 dollars per barrel, the highest since 2008, while Dutch TTF natural gas reached an all-time intraday record of EUR 345 per MWh

Energy firms sue four EU countries disrupting fossil fuel

Energy firms sue four EU countries for disrupting their fossil fuel projects

23 February 2022 - Five energy companies including RWE seek almost EUR 3.7 billion in damages from the Netherlands, Italy, Poland and Slovenia

OCI Norway is pursuing an aggressive policy of expanding its oil and gas industries

OCI: Norway is pursuing an aggressive policy of expanding its oil and gas industries

11 February 2022 - According to Oil Change International (OCI), Norway is pursuing an oil and gas expansion policy and it has awarded 700 exploration permits in the past ten years, while the UK announced it would start exploitation at six fields in the North Sea this year

No oil gas first offshore test hole Montenegro drilling ahead

No oil, gas in first offshore test hole in Montenegro but more drilling ahead

04 February 2022 - Eni and Novatek found no oil or gas after test drilling in the Adriatic Sea offshore Montenegro, so environmentalists are relieved – for now

Fossil fuel production grow until 2040

Reality of energy transition: fossil fuel production to grow at least until 2040

20 October 2021 - Despite the Paris Agreement goals and net zero commitments, fossil fuel producers are on track to significantly boost output through 2040

oil-rig-fossil-fuel-companies-lawsuits

Fossil fuel firms sue countries over climate, environmental action

20 September 2021 - Fossil fuel companies are suing countries around the world, seeking more than EUR 15 billion in damages over climate, environmental action.

Syrian oil spill threatens Cyprus Turkey

Syrian oil spill threatens Cyprus, Turkey

01 September 2021 - A giant patch of oil from a leak in a Syrian energy complex is currently moving away from Cyprus as the wind changed direction

G20 countries secured more money to fossil fuels then to renewables in covid 19 pandemic

G20 countries directed more funds to fossil fuels projects than to renewables

10 August 2021 - Since the beginning of 2020, the G20 countries have committed at least USD 296 billion for fossil fuels and USD 227 billion for renewables.

IPTO completes Crete-Peloponnese power link Crete to burn less oil to produce electricity

IPTO completes Crete-Peloponnese power link – Crete to burn less oil to produce electricity

21 May 2021 - This first interconnection between Crete and the mainland will cover a third of the island’s energy needs, substituting aged local power plants.

Montenegro people decide offshore oil exploratory drilling

Montenegro to let people decide on offshore oil after exploratory drilling

24 March 2021 - After environmentalists protested and a warning from auditors, the Government of Montenegro said oil can be discussed only after exploratory drilling

Investments USD 131 trillion 2050 global warming

Investments of USD 131 trillion needed by 2050 to limit global warming

17 March 2021 - IRENA says planned investments in green energy and new solutions must jump 30% to USD 131 trillion to hold the rise in temperature under 1.5 degrees

US-climate-change-Biden

US poised for radical change on climate policy under President Biden

28 January 2021 - US President Joe Biden has ordered the new administration to review oil and gas projects on federal land, scrap fossil fuel subsidies, and replace the government’s vehicle fleet with electric cars.

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