22 April 2014
Reducing carbon emissions should be a priority for the industry
The energy sector must take a leading role in tackling carbon emissions – and it needs to act now
In its latest report Mitigation of Climate Change, the Intergovernmental Panel on Climate Change (IPCC), has found that decades of foot-dragging by political leaders has propelled humanity into a critical situation, as global greenhouse-gas (GHG) emissions rise faster than ever. The report measures the success – or otherwise – of government efforts to keep the global rise in mean surface temperatures to less than 2 degrees Celsius compared with pre-industrial times. Most climate scientists believe that ecological damage – and the collateral economic damage that it will bring – will become unmanageable if long-term average temperatures rise beyond this internationally agreed target. Yet the r
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat






