Today the Financial Times is publishing a special report on energy. The FT’s annual report addresses issues including the soaring oil prices, climate change, nuclear power and biofuels. It is available in today’s edition of the Financial Times and also on FT.com at: http://www.ft.com/reports/energy.

“The price of oil is a temperature gauge for the world’s energy system – and at $95 a barrel for US crude, it is showing that the system is seriously overheated. For policymakers and businesses, it is a warning that demand is running ahead of capacity. Without decisive action, the world economy is threatened by energy shortages that would replicate the effects of the oil shocks of the 1970s. It may already be too late” writes Ed Crooks, the FT’s energy editor.

Also featured in the FT’s special report:

•Delusional Dream of Independence: Ed Crooks writes about how the fear of petrol shortages fuels global debates. “Energy security, a dead issue during the 1990s, has emerged as a pressing concern of governments and businesses.”

•Ten Top Powers to be Reckoned With: Ed Crooks profiles the top ten energy industry’s leading lights:

- Abdallah Jum’ah, President and chief executive officer, Saudi Aramco

- Victor Khristenko, Industry and energy minister, Russia

- Rex Tillerson, Chairman and chief executive officer, ExxonMobil

- Jiang Jiemin, Chairman, PetroChina

- Tony Hayward, Chief executive, BP

- Wulf Bernotat, Chief executive, Eon

- Christophe de Margerie, Chief executive, Total

- Jose Sergio Gabrielli de Azevedo, President and chief executive officer, Petrobras

- Abdullah AlAttiyah, Energy minister and deputy prime minister, Qatar

- Chen Biting, Chairman Shenhua

•Moscow’s Tightening Grip: Catherine Belton on the analysts who say the Kremlin risks shooting itself in the foot.

•Happy to be the First one on the Atomic Beach: Sheila McNulty interviews David Crane, NRG Energy’s president and chief executive. “Nuclear has been moving towards this renaissance, or resurgence, for 20 or 30 years,” Crane tells McNulty.

•In Need of large Scale Expenditure: Ed Crooks writes, “The need for investment into the world’s energy infrastructure is a challenge on the scale of the Apollo space programme or the electrification of the US, according to John Krenickie, the chief executive of General Electric’s energy business.”

•New Delhi’s Need to Consider Every Option: “To sustain blistering annual growth of more than 9 per cent, India is urgently seeking more sources of energy” says Amy Yee.

•In Pursuit of a ‘third industrial revolution’: Ed Crooks meets Jeremy Rifkin, a passionate advocate of emerging technologies. “To me, I think the third industrial revolution makes sense. We see it emerging in bits and pieces, and I think we’ve got to get on this map and make sure we’ve got the world at least moving through this door,” Rifkin tells Crooks. “I am not naïve about how difficult this is, and I’m not a betting person on whether we can get there. But I’m saying, if not this, what?”

•Ramping up Investment all Round: Richard McGregor reports on the world’s power juggernaut – China.

•Protest Builds Amid Contamination Fears: Sheila McNulty finds alarm bells have started to ring.

•Big Debate over Benefits and Costs of Biofuels: John Reed takes a look at the environmental dynamics driving carmakers.

•US Change of Tack Seen as Proof of Pressure: “Leading scientists published a landmark report sweeping away the last doubts as to humanity’s role in global warming” writes Fiona Harvey.

•Turbine Makers Struggle to Meet Dynamic Demand: Fiona Harvey reports on wind turbines, use of which has grown by 25% in 2007.

•Reactor opposition softens: Rebecca Bream reports on the softening opposition against new nuclear reactors, and the fact that decades of inactivity at nuclear plants has led to a gap within talented nuclear workforce.

•Pay-off time for Sasol pioneers: Ed Crooks interviews Pat Davies, the CEO who pioneered South Africa’s technology. “I guess the world is getting into a situation where it’s facing the same circumstances as South Africa has faced for many, many decades,” he tells the FT. “Necessity is the mother of invention, and it was in our case.”

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For further information, please contact:

Jo Crosby, Financial Times, +44 20 7873 3811 or jo.crosby@ft.com

Kristina Eriksson, Financial Times, +44 20 7873 4961 or kristina.eriksson@ft.com

Notes to Editors:

About the Financial Times

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