Keywords: Fossil
French energy company TotalEnergies has announced plans to appeal a landmark court decision ordering it to align its business strategy with climate change objectives. The company said on Monday that it would challenge the ruling issued by a Paris court, which found that TotalEnergies could be held responsible......
The European Union is stepping up efforts to accelerate the electrification of its economy as part of its long-term strategy to reduce dependence on fossil fuels, strengthen industrial competitiveness, and achieve its climate objectives. The European Commission has presented a new action plan that aims......
Global energy markets have been facing sustained turbulence in recent years, shaped by overlapping crises that include the aftermath of the COVID-19 pandemic, the war in Ukraine, and ongoing geopolitical tensions in the Middle East. These disruptions have raised concerns about supply chain stability,......
The United Nations Development Programme (UNDP) has warned that the economic impact of the ongoing conflict in the Middle East could push global fossil fuel subsidies to more than $1.1 trillion in 2026, placing additional financial pressure on developing economies and limiting investment in long-term......
Global spending on fossil fuel subsidies is expected to rise again in 2026, reaching an estimated $1.1 trillion, according to a new United Nations report. The increase reflects growing government efforts to shield households and businesses from volatile energy prices amid continuing geopolitical tensions......
As climate-related disasters become more frequent and energy markets remain vulnerable to geopolitical tensions, United Nations Secretary-General Antonio Guterres has renewed calls for a global transition away from fossil fuels. Speaking at an international event in London, he argued that the climate......
The auction house will offer a Tyrannosaurus rex skeleton known as Gus during its annual Geek Week sale in July, with estimates ranging between 20 million and 30 million dollars. The specimen is presented as one of the most significant prehistoric fossils ever brought to the commercial market, reflecting......
The earliest known eukaryotes on Earth, the ancestors of all complex life including animals, plants and fungi, lived in shallow oxygen-rich seafloors nearly 1.75 billion years ago, according to a new study published in Nature. The findings challenge long-standing theories that early complex organisms......
Energy companies INEOS Energy and Shell PLC have announced a joint initiative to explore new oil and gas opportunities in the Gulf of Mexico. The collaboration aims to expand offshore exploration and production activities in the region. Focus on offshore exploration The partnership will focus on areas......
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