The G7 Has Paved The Way For Increased Oil And Gas Spending
Underinvestment in oil and gas in the past few years is seen as one of the main reasons for the current imbalance between supply and demand. G7 nations have acknowledged Continue Reading
G-7 Leaders Just Made Success at COP27 Even Harder
Olaf Scholz departs following his closing news conference on the final day of the G-7 summit in Elmau, Germany, on June 28.Photographer: Liesa Johannssen-Koppitz/Bloomberg Leaders of the world’s richest economies Continue Reading
G7 cautiously backs Russian oil price cap, pledges to boost energy security, stability
G7 leaders on June 28 tentatively backed plans for an international cap on Russian oil prices in response to the Ukraine war while pledging to boost energy security and try Continue Reading
G-7 to Allow Fossil-Fuel Financing If Climate Pledges Are Kept
An offshore oil well platform in the Gulf of Mexico.Photographer: Luke Sharrett/Bloomberg Group of Seven nations are set to allow some exceptional public financing of overseas fossil-fuel projects to continue Continue Reading
G-7 to Allow Fossil-Fuel Financing If Climate Pledges Are Kept
Group of Seven nations are set to allow some exceptional public financing of overseas fossil-fuel projects to continue provided that the investments are consistent with prior climate-change agreements, according to Continue Reading
G7 agrees to study Russian energy price caps, raise $5 bln to tackle hunger
G7 leaders have agreed to study placing global price caps on imports of Russian energy to curb Moscow’s ability to fund its invasion of Ukraine and to contribute up to Continue Reading
G7 Announces $600 Billion Infrastructure Plan To Rival China’s Belt And Road
President Joe Biden and G7 leaders are ramping up efforts to counter China’s Belt and Road initiative. The leaders have pledged $600 billion to a new global infrastructure project for Continue Reading
G7 to stand with Ukraine ‘for as long as it takes’
The Group of Seven club of wealthy nations on Monday vowed to stand with Ukraine “for as long as it takes”, promising to tighten the squeeze on Russia’s finances with Continue Reading
G7 Weighs Russia Oil Price Cap
Group of Seven nations are discussing a cap on the price of Russian oil. Group of Seven nations are discussing a cap on the price of Russian oil that would Continue Reading
G-7 Weighs Russia Oil-Price Cap Via Insurance, Shipping Ban
Tankers moored dockside at the port in Tuapse, Russia. Source: Bloomberg Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Group Continue Reading
G7 to impose ban on imports of Russian gold
The Group of Seven nations, a bloc of the world’s wealthiest states, plans to impose a ban on imports of Russian gold, US President Joe Biden said in a tweet Continue Reading
G7, NATO leaders to ratchet up pressure on Russia, keep eye on China – U.S. officials
Leaders from the Group of Seven rich democracies and the NATO alliance will work to increase pressure on Russia over its war in Ukraine next week, while underscoring their continued Continue Reading
G-7 to unveil aid plan for Ukraine to offset costs of Russia’s invasion
The financial leaders of the Group of Seven nations are expected to unveil a major new economic aid package as soon as Wednesday to help the Ukrainian government offset losses Continue Reading
Time to Gauge 80-Day Inflation Shock Around the World: Eco Week
Group of Seven finance chiefs are set to make their biggest appraisal yet of how the world has changed since the start of Russia’s war in Ukraine some 80 days Continue Reading
G-7 Leaders Commit to Banning Imports of Oil From Russia
Leaders of the G-7 countries pledged to ban the import of Russian oil in response to Putin’s war in Ukraine. Tony Czuczka reports. Leaders of the Group of Seven most Continue Reading
Biden to talk with G7 leaders this week about further sanctions on Russia
U.S. President Joe Biden on Wednesday said he would speak with other leaders from the Group of Seven advanced economies this week about potential additional sanctions against Russia over its Continue Reading
G7 moves to end normal trade relations with Russia
The G7 nations said they would end normal trade relations with Russia on Friday as part of a series of new measures to inflict economic punishment on Moscow for its Continue Reading
Volkswagen CEO Slams G7 Over Slow Coal Phase Out
Volkswagen’s VLKAY (0.00%) chief executive has taken aim at leaders of the Group of Seven (G7) for failing to set a firm date to phase out coal power and rejecting Continue Reading
G7 agrees to end new gov’t support for coal power by end of 2021
The Group of Seven nations on Sunday pledged to rapidly scale up technologies and policies that accelerate the transition away from unabated coal capacity, including ending new government support for Continue Reading
G7 summit: Leaders pledge climate action but disappoint activists
Reuters The G7 summit was held in the resort of Carbis Bay in Cornwall, south-west England The G7 nations have agreed to step up action on climate change and renewed Continue Reading
G7 pledges to end support for unabated coal by end of 2021
Highlights Increased funds for move away from coal New industrial decarbonization agenda G7 policies to align with 1.5 C G7 leaders committed June 13 to end new direct government support Continue Reading