EU scraps plan to label tar sands oil as highly polluting

The European Commission on Tuesday proposed scrapping a mandatory requirement to label tar sands oil as highly polluting after years of industry opposition.

Oil drilling technology leaps, clean energy lags

NEW YORK (AP) — Technology created an energy revolution over the past decade — just not the one we expected. By now, cars were supposed to be running on fuel made from plant waste or algae — or powered by hydrogen or cheap batteries that burned nothing at all.

BP partner Rosneft and Exxon to drill in Siberia

BP has been forced to take a backseat in its drive to expand its Russian operation after its joint venture partner Rosneft confirmed it was to explore for oil in Western Siberia with US rival ExxonMobil.

Gazprom feels the chill as its dominance is weakened

A vast northern energy project frozen, billions of dollars in lost profit, legal disputes and investigations – the creeping shale gas revolution has left Gazprom, Russia's state gas monopoly, reeling.

After Sandy, gas lines stretch for miles

NEW YORK (CNNMoney) -- Motorists in New York and New Jersey are lining up for gas in queues that are miles long in the wake of Superstorm Sandy.