CANBERRA, Australia (AP) — The French president told Australia's prime minister Wednesday that countries should make their own decisions on how to achieve any binding greenhouse gas reduction targets that emerge from a United Nations climate change conference in Paris next year.
The Australian government has been widely criticized by green groups for repealing in July a two-year-old carbon tax levied on Australia's worst industrial carbon gas polluters aimed at reducing to the nation's greenhouse emissions.
The El Nino watch is now an alert in Australia, where the Bureau of Meteorology is reporting a 70 percent chance of the Pacific weather pattern that can bring heavy rain to South America but drought in Asia, Bloomberg reports.
Australian Prime Minister Tony Abbott had hoped to keep climate change off the agenda of this weekend's G20 summit in his country, but the new greenhouse gas agreement between the U.S. and China will likely put the issue back on the table, The Wall Street Journal reports.
Australia's opposition Labor Party has rejected Prime Minister Tony Abbott's proposed 20 percent renewable energy target for electricity generation, saying the plan would cut original goals by 40 percent, Reuters reports.
Because prices for liquefied natural gas are usually linked to oil products, the stark decline in oil prices from high production is cutting LNG prices, threatening the profitability of a number of in-progress projects in Australia, The Wall Street Journal reports.
CANBERRA, Australia (AP) — A bid by environmentalists to confront world leaders with a digital billboard highlighting climate change has been thwarted by Brisbane airport authorities who deemed the message too political.
Brisbane Airport will be the Australian gateway for leaders of 20 economies when they gather in the Queensland state capital next week for the annual G20 summit.
CANBERRA, Australia (AP) — Australia's government announced Tuesday that it will increase an unpopular tax on gasoline, gambling that a reluctant Senate will eventually approve the price hike.
Some analysts predict that an ever-increasing gasoline tax will prove less popular in car-loving Australia than the much-maligned carbon tax that Prime Minister Tony Abbott's government repealed in July.
Speaking at a new mine opening, Australian Prime Minister Tony Abbott praised coal as "good for humanity" and touted increasing trade with Japan in a potential rebuke of new Chinese tariffs on coal imports, The Sydney Morning Herald reports.
U.S crude prices racked up their first weekly gain since September, as news that China cut interest rates to boost its economy raised expectations of increased oil demand in the future. West Texas Intermediate crude for January delivery was up 66 cents to finish Friday’s Nymex session at $76.51 a barrel, while in London Brent jumped $1.03 to settle at $80.36, Bloomberg reports.
Royal Dutch Shell, Hess Corp., Exxon Mobil Corp. and Chevron Corp. are among major oil companies with new drilling projects in the Gulf of Mexico, a number in deep water, although a continued decline in oil prices could slow development, The Wall Street Journal reports.
Phillips 66 Partners and Paradigm Energy Partners will join forces to construct the 76-mile Sacagawea Pipeline and a 710-acre rail terminal aimed at transporting Bakken crude from North Dakota more effectively, FuelFix reports.
Customers will see substantially higher energy prices as a result of the Environmental Protection Agency’s rule to curb carbon emissions from existing power plants, according to a study commissioned by coal company Peabody Energy and conducted by Energy Ventures Analysis, which offers a state-by-state breakdown of costs, the San Antonio Business Journal reports.
Rep. Raul Grijalva, D-Ariz., is expected to carry the flag for environmental issues -- fighting climate change, in particular -- as he becomes his party’s ranking member on the House Natural Resources Committee in the next Congress, E&E reports.
No matter the winners in significant battleground states in the 2014 elections, voters there support the fight against climate change, the Sierra Club said, citing statistics from a poll conducted by Hart Research Associates, The Hill reports.
Most Americans believe poorer, less developed parts of the world will bear the brunt of climate change, rather than the U.S., according to a survey conducted by the Public Religion Research Institute and the American Academy of Religion, E&E reports.
The world spent less money -- $331 billion -- on fighting climate change in 2013, the second year in a row the figure dropped, according to a study from the Climate Policy Initiative, which attributed the fall in part to the lower cost of solar energy, Reuters reports.
Only 3.87 billion cubic meters of natural gas heading to Europe from Russia moved through pipelines in Ukraine in October, a little over half of the amount transiting in the year-ago period, Platts reports.