COP29 talks, including the landmark deal on “transitioning away from fossil fuels” agreed upon at last year’s negotiations, had to be prevented from collapse after Saudi Arabia and other developing countries expressed opposition. Over the weekend, nations failed to come to an agreement and it was decided that talks would be postponed until next year, […]
By Steve Horn During his recent trip to Saudi Arabia, President Donald Trump announced an array of economic agreements between the U.S. and the Middle Eastern kingdom, saying it would usher in “jobs, jobs, jobs” for both oil-producing powerhouses. While the $350 billion, 10-year arms deal garnered most headlines, a lesser-noticed agreement was also signed […]
Saudi Arabia, the world’s biggest crude oil exporter, is launching an ambitious renewable energy program to transform its power sector. The kingdom is pledging between $30-$50 billion to develop 30 solar and wind projects over the next 10 years to boost electricity generation and curb oil consumption. Saudi Arabia wants 10 percent of its electricity […]
TomDispatch By Michael T. Klare When it comes to energy and economics in the climate-change era, nothing is what it seems. Most of us believe (or want to believe) that the second carbon era, the Age of Oil, will soon be superseded by the Age of Renewables, just as oil had long since superseded the […]
Lester Brown Photo courtesy of Shutterstock Peak oil has generated headlines in recent years, but the real threat to our future is peak water. There are substitutes for oil, but not for water. We can produce food without oil, but not without water. We drink on average four liters of water per day, in one […]
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