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
21 March 2025
Two recent developments raise the prospect of a revival in northern Iraqi oil and gas fortunes, but familiar obstacles could thwart momentum
20 March 2025
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
20 March 2025
Tariffs, sanctions and trade conflicts are upending the oil market, impacting crude differentials and shipping rates and creating uncertainty
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South