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UK oil industry faces output drop

Bloomberg The UK’s oil and gas industry faces a struggle to recover from an investment slump sparked by the coronavirus and in the longer term will have to manage a prolonged decline in output, according to its trade body. Production may decline further this year and next, following a 5% decrease in 2020, Oil & Gas UK said in a ...

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Germany’s emissions fall by most in 30 years

Bloomberg Germany’s greenhouse-gas emissions fell by the most since 1990 last year as its exit from coal started to hit and the pandemic reduced transportation. Foreign Minister Heiko Maas is looking to put Europe’s biggest economy at the forefront of the fight against climate change, calling for the development of a global market for green hydrogen as a two-day energy ...

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Raising taxes is no way to fund an infrastructure bill

With the Covid-19 relief bill behind us, attention is turning to infrastructure — a longstanding priority for President Joe Biden’s economic recovery program. A big infrastructure bill would achieve multiple goals at the same time: putting Americans to work, raising wages, strengthening the economy, improving industrial competitiveness and speeding the transition to green energy. Given the confluence of all of ...

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