IEA: Oil and gas industry must take swift action to tackle climate change

The International Energy Agency says oil and gas companies, with their ‘extensive know-how and deep pockets’, can play a crucial role in accelerating the deployment of offshore wind, carbon capture and hydrogen

FinCo Fuel buys biofuel producer GoodFuels

GoodFuels said its acquisition will allow it to gain access to additional sourcing, supply management and logistical expertise

Fuel taxes ‘are far too low to drive shift to cleaner options’

The OECD claims 70% of energy-related carbon dioxide emissions from advanced and emerging economies are completely untaxed

Neste pours €1.4bn of new investment into Singaporean renewable fuels plant

The funding will extend the firm’s production capacity in Singapore by up to 1.3 million tonnes a year

New EU fuel labelling informs drivers on environmental impact

They will include information on the maximum biofuel content in the fuels

US ‘Fuels from Sunlight’ hub bags $75m

An initiative aimed at producing fuels using the power of the sun has received a $75 million (£48.8m) boost. The US Department of Energy (DOE) is providing the grant to renew the Joint Centre for Artificial Photosynthesis (JCAP), which was initially established in 2010. Under the renewal plan, the five-year old centre will receive funding […]

US spends $50m for efficient vehicle technologies

The US Government is providing nearly $50 million (£30.2m) for research and development into efficient new vehicle technologies. The funding will support a wide range of technologies that further cut fuel costs for drivers and help make vehicles more efficient. This includes light weighing materials, cost-effective batteries, advanced heating, ventilation and air conditioning systems and […]