British energy giant Shell announced Thursday rising net profits for the first quarter as the Middle East war sent oil and gas prices soaring in volatile trading.
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Australia will look to stave off energy shortages by forcing major gas companies to reserve 20 percent of their exports for domestic use, Energy Minister Chris Bowen said Thursday.Â
Officials pushed Monday for faster action to reduce methane emissions from the fossil fuel sector to both help slow climate change and boost energy security as the Middle East war chokes off supply.
Japan's Prime Minister Sanae Takaichi opened talks in Australia on Monday as the two countries seek to navigate a global oil supply squeeze.
Oil-rich African nations at global fossil fuel phaseout talks in Colombia said Wednesday they would keep drilling to support economic growth, highlighting tensions between climate and fiscal realities for developing producers.
French oil and gas giant TotalEnergies said Wednesday net profit had risen 51 percent in the first quarter to $5.8 billion, boosted by higher oil prices linked to the war in the Middle East, drawing criticism from climate groups.
France has released a detailed "roadmap" to wean the country from planet-heating oil, gas and coal by 2050, an important signal at a moment when nations are reassessing their reliance on fossil fuels.
The first global talks on phasing out fossil fuels kicked off in Colombia on Tuesday with nations casting an exit from oil and gas as not just a climate priority but vital for energy independence.
France on Tuesday announced a "first of its kind" plan to phase out coal by 2030, oil by 2045 and gas by 2050 during a global conference aimed at breaking reliance on fossil fuels.