A look at a few of the oil majors’ recent remarks suggests they very much favour a business-as-usual scenario in their own long-term outlooks, rather than one that foresees either a sharp change in oil pricing or strong action on climate change. Read more
On FT Energy Source:
- Just when it looked safe to talk carbon offsets… Read more
Proponents of the Clean Development Mechanism – the UN’s scheme for approving projects in the developing world to generate carbon offsets for use by developed countries covered by the Kyoto protocol – have some more bad news to contend with, as two more offset project verifiers have been suspended. Read more
Surveys suggest that even in the good times, few were enthusiastic about cap-and-trade beyond economic, financial trading and policy wonk circles. And a crucial voting constituency those groups do not make. Read more
Remember the excitement (and controversy) about new drilling for oil off the Falklands Islands by four UK companies?
Well, some initial exploratory drilling results are in, and they don’t sound especially promising. Read more