Worldwide, government subsidies for oil and gas are at a record high. Global financial institutions have been trying for years to get them phased out.
Tag: Oil (Petroleum) and Gasoline
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In Pristine Alaska, an Oil Giant Prepares to Drill for Decades
Scientists say nations must stop new oil and gas projects to avoid climate catastrophe. But after the Biden administration greenlit the $8 billion Willow project, ConocoPhillips is racing ahead.
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It’s Not Just Willow: Oil and Gas Projects Are Back in a Big Way
Alaska’s controversial Willow project has drawn criticism, but a global analysis shows that it’s just one of hundreds of investments approved in the past year or so.
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With Russia’s Exit, Norway Becomes Europe’s Energy Champion
It is now the continent’s largest supplier of natural gas, and last year the country’s energy earnings jumped $100 billion.
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Oil Prices Jump After Surprise OPEC Production Cut
Adding to global economic uncertainties, oil prices rose about 5 percent on Monday after Saudi Arabia and other major producers announced a surprise cut in crude production.