The West’s energy watchdog, the International Energy Agency, faces a possible legal split from its parent body following decades of friction and fresh disagreements over cooperation with China, a document seen by Reuters shows. Any divorce from the Paris-based founder, the Organisation for Economic Co-operation and Development (OECD), might complicate funding and confuse governance of the IEA, whose role includes coordinated stocks releases to address global oil shortfalls. The dispute also highlights the complexity of cooperation between China and Western organizations such as the OECD, which has a stated commitment to democracy and market economies. An OECD document, seen by Reuters, said that its council sent a letter to the IEA in April proposing a separation, citing years of IEA resistance to […]