Price cap on Russian oil comes into force

G7 countries and Australia have implemented a cap of $60 a barrel

Britain bans services helping transport Russian oil

The ban, which will come into effect from 5th December 2022, applies to UK services including insurance, brokerage and shipping

Government won’t pursue appeal against High Court net zero ruling

The High Court had previously ruled that the government’s plan did not sufficiently detail how it would meet its emissions targets

Head of Ukrainian nuclear power plant ‘kidnapped by Russian armed forces’

The chief of the Zaporizhzhia Nuclear Power Plant was allegedly “detained” and “taken to an unknown direction”

‘None of the G20 are cutting carbon quick enough’

Most countries actually saw increases in emissions

Gazprom announces indefinite closure of Nord Stream 1

The energy giant cited technical problems for the decision

G7 countries agree on introducing a price cap on Russian oil

The measure aims to limit Russia’s earnings from oil exports

Oil prices ‘could reach “stratospheric” $380 a barrel if Russia cuts supplies further’

Russia could reduce exports in response to the proposed price cap on oil

Gazprom ‘could change contracts’ if countries impose price caps on Russian gas

The move could follow reported plans of putting a fixed price on Russian gas imports

G7 warned ‘don’t allow climate to take a back seat’

A new report implores the leaders to reject a return to fossil fuels, during their recent meeting in Germany