President Gotabaya Rajapaksa will step down on Wednesday, according to the speaker of Parliament, amid fury over the economic crisis.
Tag: Oil (Petroleum) and Gasoline
Biden Administration Signals Support for Controversial Alaska Oil Project
The administration issued an environmental review that represents a key step toward starting the Willow project. Opponents say drilling would violate Biden’s pledge to rein in fossil fuels.
At Europe’s Largest Port, Russia Sanctions Meet Their Toughest Test
The Dutch port of Rotterdam and its staff are at the front line of enforcing the European Union’s restrictions on trade with Russia. It’s no easy task.
California Shows Why Fossil Fuels Are So Hard to Quit
Dozens of state and local budgets depend heavily on tax revenue from oil, gas and coal to fund schools, hospitals and more. Replacing that money is turning out to be a major challenge in the fight against climate change.
France Will Renationalize EDF
The state already has a majority stake in France’s main electricity and nuclear company. The move reflected President Emmanuel Macron’s desire to champion economic and energy sovereignty.
How One Restaurateur Transformed America’s Energy Industry
Charif Souki’s longshot bet on liquid natural gas, or L.N.G., paid off handsomely — and turned the United States into a leading fossil-fuel exporter.
Biden Administration Offers an Offshore Drilling Plan. Likely Backers: Very Few.
The five-year plan for America’s coastal waters, required by law, risks angering both the fossil fuel industry and environmentalists.
With Climate Agenda Stalled at Home, Biden Still Hopes to Lead Abroad
The United States has demonstrated international leadership on climate change in the past, but recent setbacks are presenting new challenges for President Biden.
Missing From Biden’s Europe Trip: An Endgame for War and Cheaper Gas
The G7 and NATO meetings this week underscored the pressure on Western leaders caused by soaring energy costs resulting from Russia’s invasion of Ukraine.
Court Decision Leaves Biden With Few Tools to Combat Climate Change
A Supreme Court ruling, combined with an energy crunch and intraparty politics, makes it nearly impossible for President Biden to achieve his climate goals.