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Saudi Aramco CEO Says Oil Will Dominate over Renewables for Decades
Demand for oil and gas will continue to grow for the next few decades and any fall in capital investment for the industry will cause “spikes” in prices and affect the global economy, according to the president and CEO of…
Saudi to Launch $30-50 Billion Renewable Energy Program Soon: Minister
Saudi Arabia will launch in coming weeks a renewable energy program that is expected to involve investment of between $30 billion and $50 billion by 2023, Saudi Energy Minister Khalid al-Falih said today. Falih, speaking at an energy industry event…
The World Economic Forum Focus on Climate Change
The World Economic Forum is devoting 15 sessions of its 2017 annual meeting to climate change, and nine more to clean energy – the most ever on the issues. It reflects how much is at stake. For global business leaders,…
“Man of the Year”, Choice Made by the Daily
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has been named ‘Man of the Year’ for 2016 by The Daily, the leading African online newspaper. The Daily explained: “This year,” the letter announcing the award states, “the choice is anchored on…
Barack Obama Bans Oil and Gas Drilling in Most of Arctic and Atlantic Oceans
Obama uses law that allows presidents to block sale of new offshore drilling and mining rights and makes it difficult for their successors to reverse decision. Barack Obama has permanently banned new oil and gas drilling in most US-owned waters…
Oil and Gas Companies in North America Less Green Than Those in EU
Oil and gas companies in North America are lagging behind their European counterparts in cleaning up their operations, new research has found, with higher greenhouse gas emissions and less investment in clean alternatives. ExxonMobil and Chevron of the US, alongside…
Policies are critical for the invisible fuel
Though 2015 was a record year for renewables, there is another energy technology that is making steady – but quiet – progress in limiting greenhouse gas emissions: energy efficiency. Managing how much energy we use is a vital tool in…