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A landmark Nature study published today finds AI is accelerating fossil fuel production far faster than it advances renewable energy — delivering a net annual emissions increase of 0.47 to 1.8 gigatonnes, or roughly 1 to 5 percent of the energy sector's total annual output. Across 64 modeled scenarios, researchers found net carbon pollution rose in every case where AI boosted fossil fuel productivity alongside renewables.
Iran ruled out resuming direct negotiations with the United States on Sunday, raising fresh uncertainty over the reopening of the Strait of Hormuz and sending oil prices climbing to start the week. Brent crude traded at $84.24 per barrel while WTI changed hands at $78.70, both off their spring peaks but still elevated from pre-war levels. Iranian Foreign Minister Abbas Araghchi said Tehran would not restart talks until Washington addresses what Iran...
Amazon is quietly building a 7.65-gigawatt gas power plant in Texas to fuel its AI data center, despite a pledge to reach net-zero by 2040. The plant would emit 33 million tons of carbon dioxide annually, making it the largest single pollution site in the U.S. and sparking a backlash from locals.
Newly inaugurated President Abelardo de la Espriella has pledged to **revive...
Global oil markets are whipsawing between deal optimism and renewed fear as Iran-Oman negotiations to reopen the Strait of Hormuz enter their most critical week. Oil prices dropped roughly 9% this week, with Brent crude falling to $81.79 and WTI to $76.76, after U.S. Treasury Secretary Scott Bessent said a deal could be reached "today or tomorrow." But the optimism collapsed Thursday after Iran published a restrictive draft plan banning U.S. and Israeli vessels...
The Trump administration has now spent roughly $4 billion in taxpayer money buying out energy companies to kill US offshore wind projects, with the fifth and largest deal — a $1.22 billion payout to German utility RWE — announced Thursday. RWE agreed to surrender offshore leases off New York, Louisiana, and Northern California and redirect the money into LNG and fossil fuel projects instead. The scale is staggering: five deals in months, all struck after courts...
Eight of the world’s biggest oil companies raked in $93 billion in profits during the second quarter of 2026—a staggering windfall fueled by the Iran conflict’s surge in crude prices above $126 a barrel. The figures, reported by The Guardian, show profits nearly doubling from the same period last year, reigniting fierce debate about fossil fuel companies “cashing in on human misery” while the climate crisis intensifies.