New research suggests falling renewable energy costs are being complemented by higher efficiencies.
However, only 1% of Paris' needs are met by next to negligible domestic production.
Sylvester Turner said America's oil and gas capital was looking to get back on track.
Storm Harvey, which has already resulted in several US Gulf coast refineries being shut, continues to disrupt supplies.
Record rainfall causes severe flooding and takes 2.2m bpd of US refinery output offline.
Gasoline prices respond to possible disruption as refineries, ports and exploration sites are closed with "life-threatening" storm in sight.
Details of the unique fund emerge as Riyadh attempts to overtake Moscow as the leading supplier of crude oil to Beijing.
Activist investor will now have power to call a general meeting and table resolutions via its increased stake in the company.
Silvery-white alkaline metal is a key component of high power long-lasting batteries.
Spot and futures prices rose for third successive session following war of words between Washington and Pyongyang.
Think-tank predicts slow \'rebalancing\' of stubbornly high oil inventories.
State-owned company says it is at an advanced stage of fulfilling British regulatory requirements.
Nearly £400m in savings withdrawn from beleaguered bank but it says operating losses have narrowed.
Total, Repsol and Chevron among companies withdrawing staff in the wake of deteriorating security situation.
One of the Premier League's biggest clubs partners with Octopus Energy to reduce its carbon footprint.
Steve Martin questions moves to placate the Saudis for 'short term' gain.
If the move by Qatar is confirmed, it would mark the first formal step in the WTO's dispute process.
FTSE 100 company posts uptick in production and plans to launch massive project investment drive.
Selected Opec and non-Opec producers to meet again in a bid to improve compliance with cuts as Washington targets Opec member.
Report claims the move is caused by shift in the oil and gas giant's business model.