The plans of large fossil fuel producers far exceed the climate goals, says the UN

A maze of crude oil pipes and valves is depicted during a tour of the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, USA June 9, 2016. REUTERS / Richard Carson – S1AETIZMOIAB / File Photo UN report points to large increases in coal, gas, oil production Report results based on analysis … Read more

Hungry for fuel, China looks to the US, Europe looks to aid plans

A coal-fired power plant can be seen in the city of Baotou, in China’s autonomous region of Inner Mongolia, October 31, 2010. REUTERS / David Gray Chinese companies in negotiations with US LNG suppliers – sources Coal prices hit record highs in China due to shortages Poland, Germany are taking steps to support consumers Oil … Read more

EXCLUSIVE China appears to retain LNG in US as energy crisis raises concerns

SINGAPORE/NEW YORK, Oct. 15 (Reuters) – Major Chinese energy companies are in advanced talks with US exporters to secure long-term supplies of liquefied natural gas (LNG) as rising gas prices and domestic power shortages raise concerns about fuel security of expanding the country, several sources said. At least five Chinese companies, including major state Sinopec … Read more

Price squeeze: world economy caught in perfect storm

British chicken king says 20 years of cheap food is over IEA says energy crisis could threaten economic recovery Cold keeps coal prices high in China, power outage continues Biden targets bottlenecks threatening vacation sales LONDON/TOKYO, Oct. 14 (Reuters) – From beef bowls in Tokyo to chicken breast rolls in London, consumers are beginning to … Read more