All news on the topic: Fossil Fuel

The energy crisis triggered by the closure of the Strait of Hormuz has been a serious challenge for the transition to renewable energy sources.

The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an "unfathomable" increase in investment locking in years more of coal, oil, and gas production as the world continues to overheat, a new report has found.

As a barrage of Iranian missiles rained down on the Fujairah oil terminal, the explosion was deafening and the destruction dramatic: a brutal fire, thick black smoke stretching into the sky – and untold damage to one of the region’s crucial pieces of fossil fuel infrastructure.

As world leaders convene this week for the Paris Peace Forum, commemorating a decade since the significant climate accord aimed at limiting global warming to 1.5 degrees Celsius, researchers are cautioning that numerous new and existing fossil fuel projects could drive the planet far beyond its remaining carbon budget.

The future of additional projects is uncertain after it was discovered that the Rosebank and Jackdaw licenses had been granted unlawfully.