The former mayor of New York, Michael Bloomberg, said Friday the United States will keep its commitment to reduce greenhouse gases despite US President Donald Trump’s skeptical outlook on climate change. “No matter what roadblocks the White House and Congress throw up, the United States can — and I’m confident, will — meet the commitment … Read more
Energy giant Exxon Mobil has asked the Trump administration not to scrap US participation in the landmark Paris climate agreement, running counter to White House moves on carbon emissions. The news came as President Donald Trump on Tuesday unveiled a new executive order that could roll back some of the previous Democratic administration’s policies aimed … Read more
U. S. opens door to oil exports after year of pressure A domestic drilling boom of the past six years has transformed the U.S into an energy powerhouse. The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash … Read more
The oil producers cartel Opec has agreed a preliminary deal to cut production for the first time in eight years, sending crude prices surging. The major oil exporting nations struck the deal at talks in Algeria on Wednesday to ease fears of oversupply. “Opec made an exceptional decision today,” Iran’s Oil Minister Bijan Zanganeh said. … Read more