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HomeG7

G7

G7
Energy Policy

US says G7 ‘very close’ to deciding on global price cap for Russian oil

June 27, 2022 Mariel Alumit

The Group of Seven nations, a bloc of the world’s leading industrial states, are edging closer to formulating a mechanism which will cap the price of Russian oil as they look to squeeze Moscow’s oil […]

Europe
Crude Oil News

Europe Seeks G7 Coordination on Russian Oil Insurance Ban

June 1, 2022 Mariel Alumit

The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the […]

G7
International News

G7 countries to stop funding fossil fuel development overseas

May 30, 2022 Mariel Alumit

The world’s biggest economies are to stop funding any overseas fossil fuel development from the end of this year, in a move likely to choke off some of the investment in “carbon bombs” that are imperilling […]

OPEC+
Climate Crisis

G7 calls on OPEC to play key role to ease global energy supplies

May 27, 2022 Mariel Alumit

BERLIN, May 27 (Reuters) – Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global energy crunch brought on by the Russian invasion of Ukraine, even […]

G7 Leaders Pledge to Ban Imports of Russian Oil
International News

G7 Leaders Pledge to Ban Imports of Russian Oil

May 9, 2022 Mariel Alumit

Leaders of the Group of Seven most industrialized countries pledged to ban the import of Russian oil in response to President Vladimir Putin’s war in Ukraine. The heads of the leading economies made the commitment […]

G7
Commodities

G7: Why major economies are delaying a break with the fossil fuel industry

June 12, 2021 Stu Turley

While the leaders of the world’s richest countries agree in theory on the need to reach net zero emissions by 2050 at the latest, they remain faithful to a fossil fuel industry reluctant to substantively […]

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