Swallowed by coal: UK profits from Indonesia's destructive mining industry

Just 30 years ago, Samarinda was a sleepy village surrounded by deep equatorial forest and known mostly for its traditionally woven sarongs.

Rosneft Quarterly Net Jumps on $5.2 Billion Gain on TNK-BP Deal

OAO Rosneft, Russia’s largest oil producer, said third-quarter profit rose eightfold from the previous three-month period after it recorded a 167 billion-ruble ($5.2 billion) gain on the value of TNK-BP.

Fossil fuels divestment campaign is gathering momentum

The world has a choice when dealing with climate change. One is to decide it's a problem like any other, which can be dealt with slowly and over time.

Glencore, Sumitomo buy Rio Tinto coal mine stake for $1 bn

MELBOURNE/LONDON: Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.

UK universities urged to pull cash from fossil fuel giants

An international campaign to urge large institutions to dump fossil fuel investments reaches the UK this week, following rapid success in the US.

Shell Offers Forties Crude; Nigeria Qua Iboe Exports to Increase

Royal Dutch Shell Plc (RDSA), Trafigura Beheer BV and Statoil ASA (STL) failed to sell North Sea Forties crude at lower prices than yesterday.

Energy policy failing at European level, says expert

An attempt to fix a "totally collapsed" energy policy in Britain is doomed to failure without measures to restructure the market at European level, according to a leading energy consultant.