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Tag Archives: plunge

IEA: coronavirus will trigger biggest ever plunge in energy demand, emissions

IEA: coronavirus will trigger biggest ever plunge in energy demand, emissions

[ad_1] The International Energy Agency (IEA) has warned economic lockdowns brought on by the coronavirus pandemic look set to cut global energy demand and carbon dioxide emissions by record amounts. Global energy demand could slump by six per cent in 2020 due to the restrictions placed on homes and industry …

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BP’s profits plunge following oil price crash

BP’s new CEO says he’s serious about climate change. So why is BP still in the oil business?

[ad_1] In response to the release of BP’s first-quarter results, Charlie Kronick, oil finance analyst for Greenpeace UK, said: “Today as profits tumble BP is shaping the future of the company, but more importantly the future of the climate. BP and the rest of the oil industry are still running …

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Coronavirus: Outrage as Trump asks for $3bn to boost oil producers amid stock plunge

Coronavirus: Outrage as Trump asks for $3bn to boost oil producers amid stock plunge

[ad_1] Donald Trump cosied up to his friends in the oil industry on Thursday as his administration said it was seeking $3bn from Congress to top up the country’s strategic petroleum reserves, potentially propping up US oil producers after crude prices crashed globally. President Trump had directed the Energy Department last …

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