Anyone who tells you that dealing with climate change is simply a matter of sweeping away the obstructionism of oil companies is living in a dream world. The real obstacle is us — our vast dependence on fossil fuels and the difficulty of extricating ourselves without crippling the world economy. It’s true that the Trump administration has withdrawn from the ...

Chinese billionaires who want to buy overseas assets without irking Beijing need to keep their eyes on the road. China Energy Reserve & Chemicals Group Co., a unit of state oil behemoth China National Petroleum Corp., has bowed out of the consortium that paid a record $5.2 billion for Hong Kong skyscraper The Center, barely four months after the deal ...

With top Communist Party officials gathering in Beijing to set key government posts, the insurance regulator is looking like the weakest link. China is considering a merger of its banking and insurance watchdogs to streamline the fragmented regulatory system, as Bloomberg News reported in late January. A combination could be announced soon after the National People’s Congress, which starts next ...