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Keywords: FOSSIL
The European Union has incurred an additional €90 billion in fossil fuel import costs since the conflict surrounding the Strait of Hormuz began, European Commission President Ursula von der Leyen said on Wednesday, highlighting the financial impact of prolonged disruption to one of the world’s......
The United Nations has issued a renewed warning over the accelerating pace of global warming, urging governments to focus on limiting the scale and duration of any breach of the critical 1.5°C temperature threshold above pre-industrial levels. According to the latest assessment from the United Nations......
The United Nations has warned that keeping global warming within the 1.5°C limit set against pre-industrial levels is becoming increasingly difficult, with current trends suggesting that the threshold could be exceeded as early as 2030. Global temperatures are already around 1.4°C above pre-industrial......
Morocco remained the largest coal consumer in the Arab world in 2025, highlighting the country’s continued reliance on fossil fuels despite its ambitious plans to expand renewable energy sources and accelerate its energy transition. According to recent energy data, Morocco’s coal consumption......
Chevron reported its strongest quarterly profit in at least six years on Friday, exceeding Wall Street expectations as disruptions in global energy markets helped drive higher earnings for one of the world's largest oil companies. The United States-based energy giant posted adjusted earnings of......
French energy company TotalEnergies has announced plans to appeal a landmark court decision ordering it to align its business strategy with climate change objectives. The company said on Monday that it would challenge the ruling issued by a Paris court, which found that TotalEnergies could be held responsible......
The European Union is stepping up efforts to accelerate the electrification of its economy as part of its long-term strategy to reduce dependence on fossil fuels, strengthen industrial competitiveness, and achieve its climate objectives. The European Commission has presented a new action plan that aims......
Global energy markets have been facing sustained turbulence in recent years, shaped by overlapping crises that include the aftermath of the COVID-19 pandemic, the war in Ukraine, and ongoing geopolitical tensions in the Middle East. These disruptions have raised concerns about supply chain stability,......
The United Nations Development Programme (UNDP) has warned that the economic impact of the ongoing conflict in the Middle East could push global fossil fuel subsidies to more than $1.1 trillion in 2026, placing additional financial pressure on developing economies and limiting investment in long-term......