Fossil Fuels
The legacy fuels that powered the past, and challenge the future. How society navigates their decline matters.
Major Steelmakers Lag in Transition to Net-Zero Emissions Production: Report
A new report involving 18 major steelmakers operating across 29 countries showed that none are currently ready to transition to net-zero emissions production. The report titled “SteelWatch Corporate Scorecard: The Transition Readiness Gap” said coal dependence remains the norm, despite many firms committing to long-term climate goals.
South Asia risks $107 billion investment in gas while West Asia war rages: Report
A massive $107 billion investment in gas infrastructure across South Asia may be built on shaky ground, according to a new report from Global Energy Monitor (GEM) . While the region can benefit from an impending global liquefied natural gas (LNG) surplus, high project failure rates and the rapid rise of cheaper renewables threaten to turn these ambitious plans into stranded assets.
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Oil, gas projects take 15 years to take off now: Report
Global oil and gas prices continue to rise as the war between US-Israel and Iran continues. With energy exports from West Asia on pause, and oil ships and energy facilities being attacked, production and transportation of oil and gas has stopped across the Gulf.
Coal Power Generation Drops in India, China for the First Time in 52 Years
A new analysis by the Centre for Research on Energy and Clean Air (CREA) found that both India and China recorded a decline in coal power generation for the first time since 1973, after the nations added recorded..