On the eve of the Copenhagen Summit, the EU’s attempts to portray themselves as leading the international effort to reduce carbon dioxide have been shown to be completely hypocritical by a new report.
Despite the promises by the EU’s politicians to lead on climate change, the EU’s own bank continues to invest heavily in fossil fuels, [...]

I don’t know how many G20 leaders will have time to read the FT website today, but they should. The paper’s editorial is nothing short of staggering.
It starts by stating “As addictions go, the world’s addiction to fossil fuels is a killer.”
Coming from the mouthpiece of one of the world’s financial capitals, which is still [...]

So the political road-show moves from the UN up to the G20 at Pittsburgh, where climate and the banking crisis will be on the table.
And so will a discussion about ending fossil fuel subsidies.
For years campaigners have been arguing for the ending of the tax breaks and other incentives given to the fossil fuel lobby [...]

According to a leaked letter, the Obama Administration is set to propose ending fossil fuel subsidies next week at the Pittsburgh G20. The letter, authored by Michael Froman who is an Obama advisor on international economic affairs, calls on the G20 to eliminate all fossil fuel and electricity subsidies, as a “logical step in combating [...]

I hope this one really annoys George W, the recently departed President of the United States and his oil industry cronies.
In what is a signal that Obama’s administration is changing direction in relation to energy poicy on public lands, the newly installed Interior Secretary Ken Salazar has cancelled 77 highly controversial oil and gas leases [...]