Nuclear Industry Gains Carbon-Focused Allies in Push to Save Reactors

Environmentalists and the nuclear industry are beginning a push to preserve old nuclear reactors whose economic viability is threatened by cheap natural gas and rising production of wind energy.

Fracking 'could generate £33bn and 64,000 jobs for UK'

Fracking could trigger a £33bn investment bonanza and create 64,000 jobs, promises a new report for the shale industry released on Thursday and part-funded by government.

Slovakia and Ukraine agree over gas supply

Slovakia and Ukraine have reached a deal that will allow gas from Central Europe to reach Ukraine via Slovakia.

Angola Upgrades Port as It Aims to Be Africa’s Busiest Hub

Angola’s main port installed new cranes and provided more training to reduce its cargo unloading time by 80 percent as the government reviews a plan to build Africa’s biggest shipping terminal.

Iran petrol prices surge as subsidies cut

Iran has cut state subsidies on petrol in a move that saw prices rise at midnight by up to 75%. Reports said Iranians rushed to fill up their cars before the deadline.

El Nino Risk Increases as Pacific Gets Warmer: Carbon & Climate

The odds are increasing that an El Nino weather system will form this year, portending drought for Australia and Asia and a warmer winter in the U.S. Northeast.

Eight renewable energy projects approved

Eight major renewable energy projects, expected to support 8,500 jobs, have been given government approval.

Will the wind in Spain blow slower on the plain?

Since the time of Don Quixote, the winds have blown strongly across the Spanish plains. But these days, Cervantes' deluded hero would be more likely to go tilting at turbines rather than mills.

Saudi Feb. Oil Exports Up %3.5 as Iran, Iraq Leapfrogged

Saudi Arabia boosted crude exports by 3.5 percent in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, the Joint Organisations Data Initiative said.

Russia writes off 90 percent of North Korea debt, eyes gas pipeline

(Reuters) - Russia's parliament has agreed to write off almost $10 billion of North Korea's Soviet-era debt, in a deal expected to facilitate the building of a gas pipeline to South Korea across the reclusive state.

Keystone Review Delay Draws Angry Reaction From Backers

The Obama administration’s announcement yesterday that it was delaying a ruling on the Keystone XL oil pipeline drew an angry reaction from supporters of the $5.4 billion project, including some who said it was designed to push the issue beyond the November election.

Caroline Lucas cleared of anti-fracking protest charges

Caroline Lucas, the Green party MP, has been found not guilty of obstructing a public highway and a public order offence during high-profile anti-fracking protests.

Energy State Dems In Senate Races Split From Obama

CHARLESTON, W.Va. (AP) — Scrapping to keep a West Virginia Senate seat Democratic in a state that's sprinted to the right, Natalie Tennant is counting on her allegiance to the coal industry to separate herself from an unpopular President Barack Obama.

Pope Francis urged to back fossil fuel divestment campaign

Religious groups have urged Pope Francis to back a campaign to encourage millions of people, organisations and investors to pull their money out of the fossil fuel industry.

Germany outlook sours on Ukraine concerns

The outlook for Germany's economy is looking dimmer as tension in Ukraine continues.

UN urges huge increase in green energy to avert climate disaster

David Cameron's commitment to the green agenda will come under the fiercest scrutiny yet this week when top climate-change experts will warn that only greater use of renewable energy – including windfarms – can prevent a global catastrophe.

WTI Oil Rises to Five-Week High on Consumer Sentiment

West Texas Intermediate crude climbed to a five-week high as U.S. consumer confidence rose in April while gasoline demand grew. Brent’s premium to WTI shrank. WTI’s weekly advance was the biggest this year.

Essar Energy independent committee snubs Ruia buyout offer again

REUTERS - A buyout offer from India's billionaire Ruia family for Essar Energy Plc (LSE:ESSR.L - News) "materially undervalued" the company and its prospects, an independent committee set up to examine the offer said for a third time.

Energy efficiency timeout debated

COLUMBUS — Advocates for Ohio’s renewable energy and efficiency standards argued this week that it would be a mistake to throttle back on a market that is paying dividends.

British Gas must pay £5.6m for blocking firms from switching

British Gas has been ordered to pay £5.6m in compensation and fines for blocking businesses from switching suppliers and failing to tell others their contracts were ending, Ofgem said.

Ed Davey says an independent Scotland must fund its own energy projects

The energy secretary Ed Davey has rejected Scottish government calls for the UK to continue subsidising Scottish energy projects after independence, warning he would withdraw billions of pounds in investment.

Nigerian oil firm Seplat valued at £1.14bn in London IPO

Nigerian oil firm Seplat, the first ever company to be listed in both London and Lagos, was yesterday valued at over £1bn in its stock market debut.

Libyan rebels agree to reopen two oil terminals after deal

Two Libyan oil terminals have reopened, after rebels agreed partially to lift their oil blockade in a deal reached with the government.

Solar farms 'will not spread unrestricted across British countryside'

Solar farms must not spread unrestricted across the British countryside and become as controversial as onshore wind turbines, a minister warned on Friday. Instead, solar panels will be rolled out on millions of homes, businesses, schools and government buildings, said energy and climate change minister Greg Barker.

EU backs compromise on plane CO2 emissions

The EU will not levy a carbon emission tax on airlines when their planes are outside European airspace, the European Parliament has decided.

Anadarko Pays Billions in Settling Toxins Case

HOUSTON — A giant Texas oil company, Anadarko Petroleum, has agreed to pay $5.1 billion for a vast environmental cleanup, a sum the Justice Department said was the largest it had ever won in such a case.

Clegg blocks Cameron's plan for windfarm cap

Nick Clegg has blocked a proposal by David Cameron to restrict the construction of onshore windfarms, a Liberal Democrat source has said.

BP to close Australia refinery due to Asian competition

Oil giant BP says it will cease production at its Bulwer Island refinery in Brisbane, Australia, by 2015.

Gazprom hikes Ukraine gas price by a third

The Russian energy company, Gazprom has raised the price it charges Ukraine for gas by more than a third. The company's chief executive Alexei Miller says the change was because Kiev has failed to pay its bills.

Spain's oil deposits and fracking sites trigger energy gold rush

Spain is already the world's largest olive oil producer but now it's looking to a very different kind of oil to pull it out of economic decline: petroleum.