The European Union is urging Russia and its neighbours to commit to long-term energy contracts that will guarantee them affordable oil and natural gas supplies. The appeal came on the first day of a two-day conference of officials from the 25 EU nations and oil and gas exporting countries.

A report to Autralian Prime Minister John Howard has concluded that twenty-five nuclear reactors, mainly on the east coast, could be producing a third of Australia’s electricity needs by the year 2050.
The cost of nuclear power would be substantially higher than fossil fuels, but the attachment of a price on carbon emissions could make the […]

Independent investment analysts “Investment U” are promoting Alberta’s oil sands as a “win-win” investment opportunity. They say: “the oil sands will soon be the single-largest source of foreign oil for the U.S. – even bigger than Saudi Arabia”. Oil producers can explore Alberta’s oil sands virtually “risk-free… and for a tremendous profit”.

A new report warns Britain’s looming energy gap could cost the country more than £100bn a year in less than a decade from now. The analysis by the business services group LogicaCMG believes that the energy gap could arrive much earlier than previously thought.
It says that by 2010 the shortfall could be 5 per cent, […]

WWF is calling on the UK Government to stop using its Export Credit Agency (ECA) to subsidize Big Oil and other carbon intensive sectors.
ECAs are public agencies that provide government-backed loans, guarantees, credits and insurance to private corporations from their home country to do business abroad.