Climate (or eco-) anxiety has been described by the World Economic Forum (WEF) as “an umbrella of uncomfortable emotions that a person can feel when confronting the climate crisis.” The sentiment is intrinsically linked to the impact of climate change that is being felt globally. A study carried out by a consortium of global universities – including Bath in the UK, Helsinki, Finland, and Stamford in the US – in 2021 considered the impact of climate change on 10,000 young people globally. It found that 84% of respondents were at least “moderately worried” about climate change and climate r ..read more

Net loss of USD 44 million for Q1 Reports of dozens of workers being sent home Driftwood gets construction extension to 2029 ..read more

Lower earnings from LNG trading weigh on results  ..read more

  Crude oil prices plummeted on Wednesday amid growing hopes of a ceasefire in Gaza and the latest data on US oil inventories, which showed a build rather than a withdrawal. Brent crude was down 5.0% to USD 83.44/barrel while WTI closed down 3.6% at USD 79.00/barrel. Both bounced back by around a percentage point early on Thursday morning. Traders were also scrutinising the latest insights into US policy on interest rates for the coming year – not least because of the influence that Federal Reserve decisions exert on other central banks. Rate cuts look much less likely than they did a cou ..read more

Six projects selected for feasibility licenses  First projects could be operations from around 2030  Australia has no offshore wind farms  Photo:  fokke baarssen/Shutterstock ..read more

Shell pulls back from Shanghai-registered trading subsidiary Firm says it had to “make difficult choices” as it seeks to deliver value on its portfolio Photo: Courtesy of Shell ..read more

Photo: Gil C/ Shutterstock ..read more

Winning hydrogen projects based in four European countries Projects will receive EUR 720 million in funding Next auction expected later this year ..read more

Japan and Germany are the largest users of coal power in the G7  Statement reiterates public support for gas in “exceptional circumstances”  Photo: Kodda/Shutterstock ..read more

Ministers from the G7 countries have reached agreement to phase out coal from their economies in the first half of the next decade, according to reports from the major news agencies. A final communique from the US, the UK, Germany, France, Canada, Japan and Italy is expected later on Tuesday, when the meeting being held in Italy concludes. European coal futures plunged, with API2 closing at USD 4.05/MMBtu. In the US, month-ahead Henry Hub closed above USD 2/MMBtu for the first time since early February as the May contract expired on Friday – at USD 1.61/MMBtu –and June became the front-month c ..read more