Extractives
News
As Energy Prices Tumble, Developing Countries Trim Subsidies (New York Times)
2020-06-22
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel. To read the full article, refer
Europe’s oil refiners outline path to climate neutrality by 2050 (Euractive)
2020-06-15
The European oil refining industry association, whose members includes Shell, BP, ExxonMobil and Total, outlined on Monday (15 June) a €650 billion plan to completely decarbonise transport fuels by 2050.
Governments should use Covid-19 recovery efforts as an opportunity to phase out support for fossil fuels (OECD & IEA)
2020-06-15
As governments design stimulus measures for economies hit by the Covid-19 crisis, they should seize the opportunity of historically low oil prices to redirect some of the half a trillion
