Electricity prices hit record high on SEEPEX – EUR 540 per MWh
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 for disrupting their fossil fuel projects
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
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 in first offshore test hole in Montenegro but more drilling ahead
Eni and Novatek found no oil or gas after test drilling in the Adriatic Sea offshore Montenegro, so environmentalists are relieved – for now
Reality of energy transition: fossil fuel production to grow at least until 2040
Despite the Paris Agreement goals and net zero commitments, fossil fuel producers are on track to significantly boost output through 2040
Fossil fuel firms sue countries over climate, environmental action
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
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 directed more funds to fossil fuels projects than to renewables
Since the beginning of 2020, the G20 countries have committed at least USD 296 billion for fossil fuels and USD 227 billion for renewables.