Adani’s Australian coal prospects in doubt

An Australian court’s decision last week to overturn approval for a giant coal mine in Queensland is the latest stumbling block for Indian company Adani’s multibillion-dollar venture.

Oil crash could be ‘far worse than 1986’, says Morgan Stanley

Morgan Stanley has been pretty pessimistic about oil prices in 2015, drawing comparisons to the some of the worst oil slumps of the past three decades. The current downturn could even rival the iconic price crash of 1986, analysts had warned – but definitely no worse.

Climate change: Obama unveils Clean Power Plan

US President Barack Obama has unveiled what he called “the biggest, most important step we have ever taken” in tackling climate change. The aim of the revised Clean Power Plan is to cut greenhouse gas emissions from US power stations by nearly a third within 15 years.