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US President Donald Trump grabbed the headlines again at the World Economic Forum, launching his “Board of Peace” for Gaza on the final day of the gathering of political and business leaders. But discussions on climate and energy continued below the media radar.

Climate Home New has been listening in – here are some of the best bits.

Occidental boss: Banks “coming back” to oil and gas

Banks which have previously refused to fund oil and gas projects are “coming back” to the industry, an American oil executive told an event at Davos on Thursday.

Vicki Hollub, CEO of Occidental Petroleum, the world’s 28th most polluting company, said in a conversation with US Energy Secretary Chris Wright that “there was a time” when banks shunned her industry. That, she added, had been a “burden”.

“But some of those banks are now coming back – and in fact I talked to one yesterday that had kind of abandoned us and now are back and wanting to do business in the oil and gas industry,” she said, without revealing the name of the bank.

A report by the London School of Economics last year found that many banks weakened their policies against fossil fuel lending in 2025 and the Net Zero Banking Alliance shut down in October 2025, after many – particularly American – banks left the green initiative.

Azeri oil chief says no spare cash for green tech

European investors appear to have been slower to abandon their climate commitments. Rovshan Najaf, president of SOCAR (the State Oil Company of the Azerbaijan Republic), told a separate Davos panel that his company struggles to get financing from most European commercial banks for its oil and gas operations.

As a result, he said, the firm must use its available cash to fund oil and gas projects – “one of the priority areas” – leaving it with little free capital to invest in lower-carbon fuels like green hydrogen and ammonia, or emissions-reducing technologies such as carbon capture or methane abatement.

Recent COP hosts Brazil and Azerbaijan linked to “super-emitting” methane plumes

Unlike renewables and electrification, there is still no commercial case for funding those potential breakthroughs at scale and making them affordable, he added.

“There should be a big picture approach to all energy mixes and how we can free up the capital [for decarbonisation],” he argued.

Najaf promised last year that the firm would achieve near-zero methane emissions in its oil and gas production by 2035. But, as Climate Home News reported recently, the latest data available from SOCAR shows that its methane emissions more than tripled from 2023 to 2024, when the country hosted COP29.

    US promotes fossil gas to “ally” Europe

    One key reason why SOCAR has been investing in more gas production and export capacity is deals with European governments to help replace Russian gas after the invasion of Ukraine in 2022.

    At Davos, Wright praised Europe for being close to independence from Russian gas, saying it could achieve that goal in the next year or two.

    He called for the EU to weaken its environmental regulations on methane – a particularly potent greenhouse gas – to enable American fossil gas to displace Russian supplies.

    Despite President Donald Trump’s recent threats to take over Greenland, which have caused a growing rift with European leaders, Wright insisted Europe is “our main ally in defending the Western world”.

    The US supplies about a quarter of the EU’s gas imports, a percentage which has risen since Russia’s invasion of Ukraine.

    But overall, the EU’s gas imports are declining and are predicted to keep falling, as the continent moves towards clean energy. On Thursday, data published by think-tank Ember showed that wind and solar generated more EU electricity than fossil fuels in 2025, producing a record 30% of EU power, ahead of fossil fuels at 29%.

    “New era of climate extremes” as global warming fuels devastating impacts in 2025

    On climate change, Wright played down the threat, saying that deaths from extreme weather have declined over the last 100 years.

    While floods, droughts, storms and heatwaves are becoming more frequent and intense as the planet warms, Wright is correct in saying they have caused fewer deaths over this long time period.

    This has largely been the result of economic development and, more recently, climate resilience measures of the kind the Trump administration has drastically reduced US funding for.

    The post Climate at Davos: Oil execs bemoan “burden” of bank boycotts appeared first on Climate Home News.

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    Corpus Christi Cuts Timeline to Disaster as Abbott Issues Emergency Orders

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    The governor’s office said the city’s two main reservoirs could dry up by May, much sooner than previous timelines. But authorities still offer no plan for curtailment of water use.

    City officials in Corpus Christi on Tuesday released modeling that showed emergency cuts to water demand could be required as soon as May as reservoir levels continue to decline.

    Corpus Christi Cuts Timeline to Disaster as Abbott Issues Emergency Orders

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    Middle East war is another wake-up call for fossil fuel-reliant food systems

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    Lena Luig is the head of the International Agricultural Policy Division at the Heinrich Böll Foundation, a member of the Global Alliance for the Future of Food. Anna Lappé is the Executive Director of the Global Alliance for the Future of Food.

    As toxic clouds loom over Tehran and Beirut from the US and Israel’s bombardment of oil depots and civilian infrastructure in the region’s ongoing war, the world is once again witnessing the not-so-subtle connections between conflict, hunger, food insecurity and the vulnerability of global food systems dependent on fossil fuels, dominated by a few powerful countries and corporations.

    The conflict in Iran is having a huge impact on the world’s fertilizer supply. The Strait of Hormuz is a critical trade route in the region for nearly half of the global supply of urea, the main synthetic fertilizer derived from natural gas through the conversion of ammonia.

    With the Strait impacted by Iran’s blockades, prices of urea have shot up by 35% since the war started, just as planting season starts in many parts of the world, putting millions of farmers and consumers at risk of increasing production costs and food price spikes, resulting in food insecurity, particularly for low-income households. The World Food Programme has projected that an extra 45 million people would be pushed ​into acute hunger because of rises in food, oil and shipping costs, if the war continues until June.

    Pesticides and synthetic fertilizer leave system fragile

    On the face of it, this looks like a supply chain issue, but at the core of this crisis lies a truth about many of our food systems around the world: the instability and injustice in the very design of systems so reliant on these fossil fuel inputs for our food.

    At the Global Alliance, a strategic alliance of philanthropic foundations working to transform food systems, we have been documenting the fossil fuel-food nexus, raising alarm about the fragility of a system propped up by fossil fuels, with 15% of annual fossil fuel use going into food systems, in part because of high-cost, fossil fuel-based inputs like pesticides and synthetic fertilizer. The Heinrich Böll Foundation has also been flagging this threat consistently, most recently in the Pesticide Atlas and Soil Atlas compendia. 

    We’ve seen this before: Russia’s invasion of Ukraine in 2022 sparked global disruptions in fertilizer supply and food price volatility. As the conflict worsened, fertilizer prices spiked – as much from input companies capitalizing on the crisis for speculation as from real cost increases from production and transport – triggering a food price crisis around the world.

      Since then, fertilizer industry profit margins have continued to soar. In 2022, the largest nine fertilizer producers increased their profit margins by more than 35% compared to the year before—when fertilizer prices were already high. As Lena Bassermann and Dr. Gideon Tups underscore in the Heinrich Böll Foundation’s Soil Atlas, the global dependencies of nitrogen fertilizer impacted economies around the world, especially state budgets in already indebted and import-dependent economies, as well as farmers across Africa.

      Learning lessons from the war in Ukraine, many countries invested heavily in renewable energy and/or increased domestic oil production as a way to decrease dependency on foreign fossil fuels. But few took the same approach to reimagining domestic food systems and their food sovereignty.

      Agroecology as an alternative

      There is another way. Governments can adopt policy frameworks to encourage reductions in synthetic fertilizer and pesticide use, especially in regions that currently massively overuse nitrogen fertilizer. At the African Union fertilizer and Soil Health Summit in 2024, African leaders at least agreed that organic fertilizers should be subsidized as well, not only mineral fertilizers, but we can go farther in actively promoting agricultural pathways that reduce fossil fuel dependency. 

      In 2024, the Global Alliance organized dozens of philanthropies to call for a tenfold increase in investments to help farmers transition from fossil fuel dependency towards agroecological approaches that prioritize livelihoods, health, climate, and biodiversity.

      In our research, we detail the huge opportunity to repurpose harmful subsidies currently supporting inputs like synthetic fertilizer and pesticides towards locally-sourced bio-inputs and biofertilizer production. We know this works: There are powerful stories of hope and change from those who have made this transition, despite only receiving a fraction of the financing that industrial agriculture receives, with evidence of benefits from stable incomes and livelihoods to better health and climate outcomes.

      New summit in Colombia seeks to revive stalled UN talks on fossil fuel transition

      Inspiring examples abound: G-BIACK in Kenya is training farmers how to produce their own high-quality compost; start-ups like the Evola Company in Cambodia are producing both nutrient-rich organic fertilizer and protein-rich animal feed with black soldier fly farming; Sabon Sake in Ghana is enriching sugarcane bagasse – usually organic waste – with microbial agents and earthworms to turn it into a rich vermicompost.

      These efforts, grounded in ecosystems and tapping nature for soil fertility and to manage pest pressures, are just some of the countless examples around the world, tapping the skill and knowledge of millions of farmers. On a national and global policy level, the Agroecology Coalition, with 480+ members, including governments, civil society organizations, academic institutions, and philanthropic foundations, is supporting a transition toward agroecology, working with natural systems to produce abundant food, boost biodiversity, and foster community well-being.

      Fertilizer industry spins “clean” products

      We must also inoculate ourselves from the fertilizer industry’s public relations spin, which includes promoting the promise that their products can be produced without heavy reliance on fossil fuels. Despite experts debunking the viability of what the industry has dubbed “green hydrogen” or “green or clean ammonia”, the sector still promotes this narrative, arguing that these are produced with resource-intensive renewable energy or Carbon Capture and Storage (CCS), a costly and unreliable technology for reducing emissions.

      As we mourn this conflict’s senseless destruction and death, including hundreds of children, we also recognize that peace cannot mean a return to business-as-usual. We need to upend the systems that allow the richest and most powerful to have dominion over so much.

      This includes fighting for a food system that is based on genuine sovereignty and justice, free from dependency on fossil fuels, one that honors natural systems and puts power into the hands of communities and food producers themselves.

      The post Middle East war is another wake-up call for fossil fuel-reliant food systems appeared first on Climate Home News.

      Middle East war is another wake-up call for fossil fuel-reliant food systems

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      Are There Climate Fingerprints in Tornado Activity?

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      Parts of the Southern and Northeastern U.S. faced tornado threats this week. Scientists are trying to parse out the climate links in changing tornado activity.

      It’s been a weird few weeks for weather across the United States.

      Are There Climate Fingerprints in Tornado Activity?

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