Energy Index price chart

Commodity price chart (units): World Bank commodity price indices for low and middle income countries (2000=100)

Recent price changes: Energy Index

Price change since last month: -1.2%
Price change over the past 12 months: 14.1%

Related news: Energy Index

Big oil makes $137 billion, gives 28 percent back to themselves

(02/13/2012) The world's top five oil companies—BP, Chevron, Conoco Phillips, Exxon Mobil, and Royal Dutch Shell—made a record $137 billion in 2011 beating out the previous record in 2008, reports Climate Progress. Still even as the companies made record profits they produced 4 percent less oil than the prior year.

Opposition rising against U.S. Arctic drilling

(02/09/2012) Drilling in the Arctic waters of the U.S. may become as contested an issue as the Keystone Pipeline XL in up-coming months. Scientists, congress members, and ordinary Americans have all come out in large numbers against the Obama Administration's leases for exploratory drilling in the Beaufort Sea and the Chuckchi Sea.

Black Swans and bottom-up environmental action

(02/08/2012) The defining events shaping the modern world - economic, social, environmental, progressive and disruptive - are frequently characterized as "Black Swans."The Black Swan term and theory were characterized by author and analyst Nassim Nicholas Taleb who explains, "What we call here a Black Swan (and capitalize it) is an event with the following three attributes. First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme impact. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable." Taleb identifies the emergence of the internet, the attacks of September 11, 2001, the popularity of Facebook, stock market crashes, the success of Harry Potter, and World War I as among Black Swan events.

Brazilian mining company connected to Belo Monte dam voted worst corporation

(01/31/2012) The world's second largest mining company, Vale, has been given the dubious honor of being voted the world's most awful corporation in terms of human rights abuses and environmental destruction by the Public Eye Awards. Vale received over 25,000 votes online, likely prompted in part by its stake in the hugely controversial Brazilian mega-dam, Belo Monte, which is being constructed on the Xingu River. An expert panel gave a second award to British bank Barclay's for speculation on food prices, which the experts stated was worsening hunger worldwide.

California sets tough new clean car standards

(01/30/2012) The U.S. state that takes climate change most seriously—California—has unanimously approved new rules dubbed the Advanced Clean Cars program to lower carbon emissions, reduce oil dependence, mitigate health impacts from pollution, and save consumers money in the long-term. According to the new standards, by 2025 cars sold in California must cut greenhouse gas emissions by 34 percent and smog emissions by 75 percent. The program will also require 15.4 percent of all cars sold in California to be zero or near-zero emissions by 2025.

Emissions from palm oil biodiesel highest of major biofuels, says EU

(01/30/2012) Greenhouse gas emissions from palm oil-based biodiesel are the highest among major biofuels when the effects of deforestation and peatlands degradation are considered, according to calculations by the European Commission. The emissions estimates, which haven't been officially released, have important implications for the biofuels industry in Europe.

U.S. media favored Keystone pipeline in coverage

(01/26/2012) A new report by Media Matters finds that U.S. TV and print media were largely biased toward the construction of TransCanada's Keystone XL Pipeline, which the Obama administration recently turned down. The report finds that guests and quotes were largely in favor of the pipeline in addition to news outlets consistently repeating job figures for the pipeline that have been discredited.

Biofuel breakthrough: kelp could power cars

(01/20/2012) Scientists have devised a new way to produce ethanol directly from seaweed, offering the potential to generate biofuels that don't compete with terrestrial food production and won't suck up scarce freshwater, reports a study published today in Science.

Brazil begins preliminary damming of Xingu River as protests continue

(01/19/2012) Damming of the Xingu River has begun in Brazil to make way for the eventual construction of the hugely controversial, Belo Monte dam. The Norte Energia (NESA) consortium has begun building coffer dams across the Xingu, which will dry out parts of the river before permanent damming, reports the NGO International Rivers. Indigenous tribes, who have long opposed the dam plans on their ancestral river, conducted a peaceful protest that interrupted construction for a couple hours.

One company behind U.S.'s top three biggest greenhouse gas emitters

(01/16/2012) The Atlanta-based Southern company owns the top three biggest sources of greenhouse gas emissions in the U.S. according to recent data released by the Environmental Protection Agency (EPA). Three of Southern's coal-fired plants—two in Georgia and one in Alabama—account for around 64.74 million metric tons of total greenhouse gas emissions, higher than all of Finland's carbon emission in 2008.

Sarah Laskow: even renewable energy has a dark side

(01/03/2012) Sarah Laskow is a freelance writer who has covered environmental issues for Grist, GOOD, and Newsweek.com, among others. Raised in New Jersey and educated at Yale where she studied literature, Sarah now lives across the river in Manhattan with her partner. She’s done extensive traveling in West Africa, Europe, and Central America. Sarah can be found on twitter as @slaskow.

Facebook pledges to go green...someday soon

(12/15/2011) After a massive campaign by Greenpeace to get everyone's favorite social media site to quit coal energy, Facebook has announced a new energy policy and a partnership with Greenpeace. The policy includes a goal "to power all of our operations with clean and renewable energy," however does not go so far as to state it is dropping coal at this time or give a timeline as to when it may do so. Still, Greenpeace is calling the new policy by Facebook a victory.

Media campaign says mercury pollution a pro-life issue

(12/14/2011) While pro-life activists usually target abortion, a new campaign is working to broaden the pro-life message. A $250,000 media campaign in the U.S., including TV spots and radio ads in eight states, hopes to pressure conservative senators to protect unborn children by supporting the Environmental Protection Agency's (EPA) regulations on mercury emissions from coal-fired plants.

EPA finds toxic chemicals in water supply near fracking sites in Wyoming

(12/10/2011) The U.S. Environmental Protection Agency announced on Thursday it found chemicals used in the process of hydraulic fracturing to extract natural gas in water supplies in Wyoming. The preliminary findings seem to confirm the fears of environmentalists that hydraulic fracturing can contaminate aquifers, but the gas industry called the EPA's release of the results "irresponsible" and claimed political motivations for the announcement.

Direct air capture of CO2 to fight global warming is too expensive to be feasible

(12/09/2011) Using existing technology to 'scrub' carbon dioxide directly from the atmosphere is far costlier than capturing emissions directly from the smokestacks of coal-burning power plants, reports a paper published this week in the Proceedings of the National Academy of Sciences.

Yasuni ITT: the virtues and vices of environmental innovation

(12/07/2011) As the 17th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) is taking place in Durban, Ecuador has embarked on the development of a project presented as highly innovative. This project targets Yasuni National Park, which has been protected since 1979. Yasuni is home to several indigenous peoples and is a biodiversity hotspot. But it so happens that the park also sits atop a vast oil field of 846 million barrels, representing about 20 percent of the country’s oil reserves. The acronym Yasuni ITT stands for Ishpingo-Tambococha-Tiputinin, which are the names of three potential zones for oil extraction.

Africa, China call out Canada for climate betrayal

(12/01/2011) Purchasing a full page ad in the Canadian paper the Globe and Mail, a group of African leaders and NGOs is calling on Canada to return to the fold on climate change. Canada has recently all-but-confirmed that after the ongoing 17th UN Summit on Climate Change in Durban, South Africa, it will withdraw entirely from the Kyoto Treaty. The country has missed its targets by a long-shot, in part due to the exploitation of its tar sands for oil, and is increasingly viewed at climate conferences as intractable and obstructive. In the eyes of those concerned about climate change, Canada has gone from hero to villain. Yet notable African activists, including Archbishop Desmond Tutu, are pushing back.

Top 20 banks that finance big coal

(11/30/2011) A new report from civil and environmental organizations highlights the top 20 banks that spend the most money on coal, the world's most carbon-intensive fossil fuel. Released as officials from around the world meet for the 17th UN Summit on Climate Change in Durban, South Africa, the report investigated the funding practices of 93 major private banks, finding that the top five funders of big coal are (in order): JPMorgan Chase, Citi, Bank of America, Morgan Stanley, and Barclay's.

Featured video: are hydroelectric dams a solution to climate change?

(11/28/2011) A new video from NGOs International Rivers and Friends of the Earth International argues that a spree of dam building in the tropics is a false solution to the climate crisis. The video has been released to coincide with the UN's 17th Climate Summit now beginning in Durban, South Africa.

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