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Australia has long defended its dependence on coal. The fossil fuel provides up to 70% of its power needs and is the country’s second-biggest export. So it’s progress when an establishment figure calls for a concerted effort to wean Down Under off the carbon-spewing black stuff. Trouble is, it’s coming from Graeme Hunt, chief executive of beleaguered, coal-dependent AGL Energy (AGL.AX), whose words could easily be read as a veiled pitch for a taxpayer bailout. ....
Russian oil producer Rosneft's (ROSN.MM) second-quarter net profit showed a fivefold increase from the same period last year, it said on Friday, citing recovering oil prices. ....
Youth-run environmental groups are gearing up to pressure Democratic U.S. Congress members to retool their $3.5 trillion spending package to fund more programs battling climate change. ....
Lebanese President Michel Aoun called an emergency meeting to discuss a worsening fuel crisis on Friday but was rebuffed by the prime minister as political paralysis obstructed efforts to find a solution, even as much of the country grinds to a halt. ....