“Big Oil's reluctance to invest more of its vast resources into the green space is a function of its vision. It is seeking to meet global oil demand while at the same time protecting its shareholders by focusing on the development of fossil fuels. Any evolution in that thinking will only occur if there is a fundamental change in global carbon policies and particularly those of the United States…”

Delhi's 'Power' Struggle

"A typical household power bill runs between 600 rupees ($13) and 700 rupees a month, while their household monthly income is between 3,000 rupees and 4,000 rupees. Tapping into the network by attaching wires to power lines, they use the electricity to run water heaters, refrigerators and other appliances..."

OIL & GAS

• GAIL's JVs to retail CNG don't need PNGRB authorisation: Govt
• 'Gas supply from GAIL down by 40 pc': Gujarat Gas
• India to auction 70 oil and gas blocks next month
• ONGC begins exploration in Kerala offshore
• U.S. refiners see shakeout under climate change bill
• China to keep fuel-pricing system started last year

POWER

• Needed: 8 lakh MW power for 9 pc growth
• June power output up on K-G gas
• Coal India looks to launch forward e-auction in Aug
• CERC tariff norms likely to cut revenues, claims NHPC
• China's installed wind power capacity doubles in H1