Mike Wirth says White House’s ‘attacks’ on natural gas threaten energy security for US allies
UK oil major has underperformed its rivals as oil prices have started to sink
Some operators have put off plugging wells in hope of passing on cost
Last week’s wipeout in prices prompted a flurry of forecast changes from analysts
Baku list of priorities focuses on batteries and the grid rather than the phaseout of oil and gas and coal consumption
Oil major trims renewables business and sells off underperforming assets
Traditional power brokers endowed with reserves of fossil fuels will see their global leverage wane
Lower crude prices threaten the ability of the biggest energy companies to lift returns
America’s trade pact partners take advantage of White House freeze on new permits to compete on gas exports
Lula has staked his international reputation on the environment, but he must also find the money to alleviate poverty at home
World’s largest miner expects global demand for red metal will rise by more than 70% by 2050
Venture capital funding has dried up in China, prompting a sharp fall in start-up formation
‘Project Willow’ draws up alternatives for refinery ahead of planned 2025 closure
Wood Mackenzie says sector risks being ‘fatally wounded’ by the government
Poor harvests are pushing up costs up for a nation that consumes 6bn shots a year in bars and cafés
Legally binding crackdown will include promotion of petrol cars, flights and cruise ships
EU bloc among countries putting pressure on COP29 hosts Azerbaijan to prioritise end to use of polluting fuels
Call from Ngozi Okonjo-Iweala adds to pressure from exporters including Brazil to ‘reassess’ rules
Brent crude has fallen 13% since late August on concerns over slowing demand
Decision will mean a net loss of 400 jobs and a threat to thousands more
Also in today’s newsletter, climate scientist Michael Mann on Exxon’s global outlook
Brent has fallen below $70 for first time in 3 years, delaying Opec plans for production increases
Tata Steel plans to replace its Port Talbot blast furnaces with a less-polluting electric arc furnace
Move in retaliation over sanctions could affect western nuclear reactors, many of which rely on Russian supplies
About 2,500 jobs to be lost in shift to greener furnace at south Wales site
