Fossil fuels

OCBC cuts financed emissions in all targeted ‘dirty’ sectors in 2024

The bank’s reductions in oil and gas already surpass its 2030 goal, but annual performance depends on factors that may be outside control

Renewable energy has become the most cost-competitive option for new power generation in many markets.
NEW GLOBAL ORDER

A new decisive moment for renewable energy

Decentralised, regionally integrated energy systems grounded in renewables offer greater predictability

The oil crisis could push governments to diversify into renewables – or return to domestically produced coal, a fossil fuel which the region has struggled to phase out.

Middle East oil shocks send S-E Asia scrambling for alternatives, but cleaner mix is no easy choice

The crisis may be a catalyst – or obstacle – for the region’s renewable energy transition goals

Malaysia is expected to be the first hit by unseasonal heat in South-east Asia from March to May.

South-east Asia faces sweltering heat as war limits energy supply

A prolonged disruption will threaten the fossil-fuel-reliant region’s power generation into April and May

Asia’s fleet of 2,000 coal plants is also decades younger than that of Europe and the US, and retiring it early requires financial support to end power-purchase agreements.

Tactics to dump coal are failing in Asia as energy demand booms

The region has struggled to wean itself off a fossil fuel that remains a cost-competitive source of stable power thanks to its abundance

The new laws were passed by the ruling Labor Party after weeks of tense backdoor negotiations with the Greens, who said they had secured “significant wins to protect forests”.

Australia overhauls decades-old environmental laws

LARGE carbon-emitting projects in Australia will be required to disclose their greenhouse gas emissions as well as pollution reduction goals under new legislation overhauling decades-old environmental...

Governor of California Gavin Newsom - seen as a potential 2028 presidential candidate - blasted US President Donald Trump for twice leaving the Paris climate accord and for “doubling down on stupid” through his support of Big Oil.

‘Trump is temporary’: California governor Newsom seizes COP30 spotlight

WITH US President Donald Trump skipping the UN’s climate summit in the Amazon, California Governor Gavin Newsom grabbed the spotlight on Tuesday and unleashed a barrage of attacks on the fossil fuel a...

Shell announced last year that it would scale back various climate objectives in favour of oil and gas to raise profits.

Shell drops two North Sea wind projects in fossil fuel shift

BRITISH oil and gas giant Shell said on Monday that it was ending its participation in two offshore wind projects in the North Sea, part of its shift away from alternative energy to focus on its fossi...

A forest is engulfed in flames as a wildfire rages near Fontjoncouse, southwestern France, Aug 6, 2025. The summer of 2025, marked by two heatwaves, was the third hottest on record in France since French weather forecast agency Meteo-France began measuring temperatures in 1900.

Earth cannot ‘sustain’ intensive fossil fuel use, Lula tells COP30

Brazil’s President warned that the battle against climate changed could be lost without a rapid move towards cleaner energy