China to drive world's renewable energy increase

China to drive world's renewable energy increase

BEIJING, Nov. 14 (UPI) -- China's increase in renewable energy is on course to surpass the European Union, the United States and Japan combined, says the International Energy Agency.

IEA sees unbalanced energy market

PARIS, Nov. 12 (UPI) -- Emerging trends in the way in which energy is produced and consumed creates a U.S. advantage but problems elsewhere, the IEA said in a report Tuesday.

U.S. won't displace OPEC

LONDON, Oct. 2 (UPI) -- Oil production gains from the United States won't displace Middle East producers from the market, chief energy leaders said in London.

Chinese secure foreign oil in $100B buying spree

LUANDA, Angola, June 26 (UPI) -- In recent weeks, state-owned Chinese oil companies have paid $1.5 billion for a stake in an Angolan oil field and bought a $4.2 billion share in an offshore Mozambique gas field, part of a global spending binge by Beijing to secure foreign oil resources.

Rising rate of carbon dioxide emissions risks 'disaster,' report finds

PARIS, June 10 (UPI) -- Carbon dioxide emissions rose a record 1.4 percent in 2012, putting the planet on a course for "disaster," the International Energy Agency in Paris said.

$100 billion in LNG investment at risk in Australia

BRISBANE, Australia, May 28 (UPI) -- Escalating costs of doing business in the country could cost the Australian economy more than $100 billion of new investment in LNG projects.

Big Oil's hassle with Iraq is China's gain

BAGHDAD, March 29 (UPI) -- U.S. oil companies seem to be losing interest in Iraq, which a decade ago was seen as the big prize in the global energy business.

From Kyoto to Doha

LONDON, Dec. 10 (UPI) -- It will take something close to a miracle to stop average temperatures rising more than 2 degrees and sea level rise down to 3 feet because of climate change.
MARTIN WALKER, UPI Editor Emeritus

China grabs Mideast oil as U.S. power dips

BAGHDAD, Dec. 5 (UPI) -- China's muscling into Iraq's oil sector as Baghdad grapples with defections by international majors like Exxon Mobil, Chevron and Total,

IEA sees Canadian dominance in oil

OTTAWA, Nov. 28 (UPI) -- Canada needs to capitalize on its booming oil sector to maintain a leadership position in an evolving energy market, the IEA's top economist said.

Iraq: Exxon pulls out, Russia wants in

BAGHDAD, Nov. 9 (UPI) -- Iraq's strategic effort to become the world's leading oil producer has taken some bad knocks but Russia appears ready to step in.

China goes after big stake in Iraq's oil

BAGHDAD, Oct. 11 (UPI) -- Chinese oil companies are showing a growing interest in Iraq's oil industry.

Report on gas resources raises debate

PARIS, May 29 (UPI) -- Environmentalists say a report by an international agency based in Paris predicting a "golden age" of gas plays down possible catastrophic climate consequences.

IEA worried by CO2 trends

PARIS, May 25 (UPI) -- Carbon dioxide emissions tied to the burning of fossil fuels reached a record level of 31.6 gigatons last year, the International Energy Agency reports.

Australia scraps coal port expansion

PERTH, Australia, May 22 (UPI) -- Australia has scrapped the planned $8.8 billion expansion of the Abbot Point coal terminal in Queensland.

IEA watching MENA investments

PARIS, April 16 (UPI) -- The IEA said it was investigating implications of a potential investment shortfall in upstream activity in the Middle East and North African energy sector.

Oil puts recession in IEA's spotlight

PARIS, April 3 (UPI) -- Prices on the global oil market are nearing the point where they threaten to push the world economy into recession, an IEA economist said from Paris.

Queensland plans coal port expansion

BRISBANE, Australia, Dec. 15 (UPI) -- Queensland has approved two new coal export terminals with the potential to double current output.

Carbon capture safe, scientists say

CANBERRA, Australia, Dec. 14 (UPI) -- An Australian-led team of scientists say they have found a safe way to carry out f carbon capture and storage.
IEA: Warming may be irreversible by 2017

IEA: Warming may be irreversible by 2017

LONDON, Nov. 11 (UPI) -- Rising energy demands could result in irreversible global warming by 2017 without strict new standards, an energy watchdog group said this week in London.

S. America gas bonanza waiting to happen

LONDON, June 8 (UPI) -- A bonanza of gas production and export is waiting to begin in South America as investment focus shifts to gas as a greener and safer alternative to oil and nuclear power, the International Energy Agency said in a special report.

Golden age for Australia's LNG?

CANBERRA, Australia, June 7 (UPI) -- Australia's liquefied natural gas industry is on course for a "golden age," with the sector posed to boost the country's economy by $38.5 billion by 2020, says the International Energy Agency.
IEA sounds alarm over CO2 emissions

IEA sounds alarm over CO2 emissions

VIENNA, June 1 (UPI) -- Global emissions are moving closer to levels that shouldn't be reached for another 10 years if climate change is to be kept in check, an IEA official said.
CO2 emissions said at historic high

CO2 emissions said at historic high

PARIS, May 31 (UPI) -- Energy-related carbon-dioxide emissions in 2010 were the highest in history, the latest estimates from the International Energy Agency in Paris indicate.

Gap in funds needed for universal energy

PARIS, May 18 (UPI) -- There is a huge gap in the amount of money invested in getting energy services to the poor and the amount needed, the IEA said at a Paris meeting.
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