• The Energy Crisis in Europe

    Russia’s war on Ukraine has led to sharp reduction in Russian gas exports to Europe. This has unleashed an energy crisis that is hitting Europe hard. European electricity prices are set by a market system which links them to the price of gas (or whichever form of energy is the most expensive). In many cases…

  • China, US, Taiwan and Climate Change

    China’s refusal to cooperate with the US on climate change shows that its leaders are are putting internal politics above addressing climate change Nancy Pelosi’s visit to Taiwan highlighted two separate but related conflicts in the region. One of these is the global competition between the US and China, with China challenging the US’s dominance…

  • Record Oil and Gas Profits

    The UN secretary general, António Guterres has described the record profits of oil and gas companies as immoral. He was referring to the profits of three of the world’s top ten largest oil companies – Exxon, Chevron and Shell, which made a combined $100 million in profits. The profits are partly due to the war…

  • Oil money and the US Climate Bill

    The successful negotiations between Democratic leaders and Senator Joe Manchin of West Virginia on a climate bill (called an inflation reduction bill) was a surprise. He has always opposed progressive environmental policies. What is in the Inflation Reduction Bill? It contains several welcome climate change measures. They include The bill marks an important change away…