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BusinessWorld May 19, 2021 | 5:15 pm PIXABAY LONDON — Investors should not fund new oil, gas, and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.   Any abrupt halt to new oil and gas projects by next year still appears unlikely, however, as energy majors’ spending plans still tilt heavily towards hydrocarbons, and oil-producing nations such as Norway plan new licensing rounds.  â�...

By Nina Chestney LONDON, May 18 (Reuters) – Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels. Any abrupt halt to new oil and gas projects by next year still appears unlikely, however, as energy majors’ spending plans still tilt heavily towards hydrocarbons, and oil-producing nations such as Norway plan new licensing rounds. “The pathway to net zero is narrow but still achievable...

Peter Dejong / AP Updated May 18, 2021 at 1:07 PM ET Enough rhetoric, it's time to act: that's the gist of a new report from the International Energy Agency, which says the world must bring about "a total transformation" of its energy systems if it hopes to reach net-zero emissions by 2050 and minimize the worst effects of climate change. The agency is calling for a string of bold actions and aggressive deadlines in the report, which is a roadmap to zero out carbon emissions, either by reducing them or removing them through technology such as carbon capture. "We are in a critical year at...

Daily on Energy: Is the U.S. oil lobby shifting on carbon pricing? Print this article Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! API SHIFT: Is the American Petroleum Institute laying the groundwork to support putting a price on carbon? It was lost in coverage of API’s State of the American Energy event yesterday, but the largest U.S. oil and gas lobby group tweaked its rhetoric around carbon pricing. “Market-based polici...

API Statement On CCUS And PHMSA Provisions In Omnibus Package The American Petroleum Institute (API) today applauded several provisions included in the omnibus spending bill passed by Congress and urged the president to swiftly sign the package into law. Several of the provisions included were from Chairman Murkowski’s American Energy Innovation Act, including aspects of two bipartisan bills to encourage the development of carbon capture, utilization and storage (CCUS). “API is pleased that the bipartisan USE IT Act and key provisions of the LEADING Act have passed the Senate as part of t...