Category: climate change
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Op-Ed: The impact of climate change on shipping
Op-Ed: The impact of climate change on shipping By Roberta Weisbrod, Executive Director, Worldwide Ferry Safety Association Ocean workers are on the front line of climate change, the Lloyd’s Register Foundation (LRF) concludes based on a massive survey conducted with the Gallup Organization of workers in a range of fields. The survey, of 147,000 workers in…
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Op-Ed: Offshore maritime insurance amid climate change
Op-Ed: Offshore maritime insurance amid climate change By Robert Mackay, Business Development Lead, FDR The maritime industry is facing escalating climate-related challenges. The rising frequency and severity of extreme weather events, such as hurricanes and typhoons, profoundly affect offshore construction projects. However, with all the warnings in place, there is a feeling that, despite all…
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Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat
Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat Which side will come on top is not yet clear, but it is unlikely that either will throw in the towel at this late stage in the UK’s oil and gas saga without a…
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$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza
$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom. The post $1.3 trillion…
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CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays
CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays China’s CNOOC has set out its multibillion-dollar business strategy and development plan for 2025. The post CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays appeared first on Offshore Energy. Melisa Cavcic…
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Trump makes good on all his energy promises: ‘Golden’ US oil, gas, & LNG age and offshore wind pause in effect
Trump makes good on all his energy promises: ‘Golden’ US oil, gas, & LNG age and offshore wind pause in effect Will Trump’s upcoming oil and gas era be a setback, holding back U.S. renewables’ progress, or a shot in the arm galvanizing greener zest? The post Trump makes good on all his energy promises:…
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Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals
Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals Non-governmental research and campaigning organization Reclaim Finance and BankTrack, an international tracking, campaigning, and civil society support organization targeting private sector commercial banks and the activities they finance, have published a report asking banks to stop financing liquefied natural…
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New York fires $75 billion shot for Big Oil to foot the landmark climate ‘superfund’ bill
New York fires $75 billion shot for Big Oil to foot the landmark climate ‘superfund’ bill As the climate crisis continues to wreak havoc across the globe, New York has taken decisive action to hold fossil fuel players accountable for their pollution effects by establishing a new climate fund, described as landmark legislation to strengthen…
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US LNG export projects on hold until environmental reviews are out of the way
US LNG export projects on hold until environmental reviews are out of the way As the Department of Energy (DOE) has confirmed the environmental reviews will need to be completed with all agencies before pending projects can get back on track, the pause appears to still be in effect, even though a preliminary injunction from…
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US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns
US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club…
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COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’
COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’ COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030. The post COP29 delivers hat…
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Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?
Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts? Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider…