The Democrat-controlled House of Representatives wants to spend almost $7bn in the coming year to reduce the nation’s enormous carbon footprint, reports the Independent. This has put it on a collision course with the White House, which still remains in denial about climate change.
A major clash is expected between the White House and Congress in […]

Gazprom, the Kremlin-backed Russian gas group, is negotiating a deal under which it could take a stake in up to five British gas-fired power stations. The move would be Gazprom’s biggest step in the UK market so far and would fuel fears about the security of future energy supplies.
Gazprom is hoping to seal an asset […]

The U.S. Department of Defense is the world’s leading consumer of petroleum, sucking up about 340,000 barrels of oil every day, more than the total national consumption of Sweden or Switzerland.

Meanwhile at another meeting this week in Saudi Arabia, the security of oil supplies will be the central theme when Middle East and Asian oil ministers meet.
The meeting comes days after Riyadh said it had foiled a militant plot against its oil facilities. Asian importers - who buy 55 percent of their oil […]

In the third of three major policy addresses, Republican presidential candidate, John McCain has talked about the “great and urgent challenge - breaking our nation’s critical dependence on foreign sources of oil”.
In a speech to the Center for Strategic and International Studies (CSIS) McCain warned that America’s “dependency on foreign oil and the way we […]