Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
As temperatures drop amid an energy crisis, governments say power blackouts may be necessary to conserve electricity.
The bill President Biden signed into law recently will greatly expand government loans and loan guarantees for clean energy and automotive projects and businesses.
A major new scientific report offers a road map for how countries can limit global warming, but warns that the margin for error is vanishingly small.