The most recent COP took place in Azerbaijan
Letter on Transition: Energy’s climate question faces crucial test
There is a growing feeling that it will not take much for heavy international hitters to follow the US out of the Paris Agreement
The world appears to be reaching a tipping point on the issue that has dominated the global energy debate for the past decade—the future role of fossil fuels in an era of climate change and global warming. How this contentious matter plays out in the next 12 months will likely determine the direction of the energy transition. At the moment, the tide is turning against the environmentalist lobby that has had it pretty much its own way for the past ten years, since the 2015 UN Climate Change Conference in France that resulted in the Paris Agreement. It is fair to say that no other issue in the global energy industry is as divisive, with dug-in positions on either side reinforced by quasi-ideol
Also in this section
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
6 August 2025
Diesel market disruptions have propelled crude prices above $100/bl twice in this century, and now oil teeters on the brink of another crude quality crisis
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
