Climate News

UAE's Jaber Urges Pre-COP28 Summit to Align on Fossil Fuel, Renewables Language

Oct 30, 2023

The United Arab Emirates President of COP28 said on Monday he was aware countries had strong views about including language on fossil fuels and renewables in the negotiated text of the UN climate summit but that common ground must be found.'I…

Prime Minister Sunak Defends Britain's Climate Record

Aug 02, 2023

British Prime Minister Rishi Sunak defended his government's policies on the environment on Wednesday after campaigners criticized them, saying its record on cutting carbon emissions is better than other major countries.Britain adopted the target…

US, EU Lawmakers Push to Depose UAE's Jaber from Climate Talks

May 24, 2023

Over 100 members of the U.S. Congress and European Parliament called on Tuesday for Sultan al-Jaber to be removed as the designated head of the upcoming COP28 climate talks, saying the oil exec's appointment threatened the integrity of negotiations…

Investors Join Activists to Press TotalEnergies on Climate Targets

Apr 06, 2023

A group of investors with $1.1 trillion in assets under management has joined climate activist group Follow This in asking TotalEnergies shareholders to push for more ambitious targets on emissions cuts.The resolution filed for the company's…

Change to BP Climate Goal a Concern for Emissions-focused Investors - Shareholder

Feb 10, 2023

A member of a major climate-focused investor group leading engagement with BP has voiced concern the company may stray from commitments to cut greenhouse gas emissions after its CEO this week rowed back on plans to cut oil and gas output.Chief…

Norway' $1.35 Trillion Wealth Fund to Vote Against Board Members Who Fall Short on Climate

Feb 09, 2023

Norway's $1.35 trillion wealth fund said on Thursday it would step up its engagement with companies over the management of climate risk by voting against board members who it deems are not doing enough on the issue. Investing the state's revenues…

Small Island Nations Want Big Oil to Pay Up for Climate Damage

Nov 08, 2022

Small island nations suffering the brunt of climate change want Big Oil to pay for mounting damage from ocean storms and sea-level rise, Antigua's prime minister told delegates at the COP27 climate summit in Egypt on Tuesday. The comments by…

Deals Shifting Oil, Gas Fields Away from Climate Committed Firms to Those Without Them On the Rise

May 10, 2022

Deals in which oil and gas assets move from companies with climate goals to companies without such goals are on the rise, according to a study by the U.S. non-governmental organization Environmental Defense Fund.A company shifting polluting…

Trudeau Roils Canada's Oil Industry Naming Greenpeace Activist as Climate Chief

Oct 27, 2021

Canadian Prime Minister Justin Trudeau on Tuesday sparked concern in the country's oil patch and hope among green advocates when he named two men with strong environmental records to lead his government's fight against climate change.Steven…

Norway's Socialists Pull Out of Talks to Form Majority Government over Climate Policy

Sep 29, 2021

Norway's Socialist Left Party said on Wednesday it had pulled out of talks to form a majority coalition government following this month's election, a move likely to lead to the formation of a minority centre-left administration.Labour, the Centre…

Renewables Surged in 2020, but No 'Decisive shift' Towards Climate Goals Yet, BP Says

Jul 09, 2021

Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a 'decisive shift' towards meeting U.N.-backed climate goals, BP said in its annual energy review…

Norway Sets Aside $1.16B for Green Energy Investments in Developing Nations

Jul 07, 2021

Norway will allocate 10 billion crowns ($1.16 billion) over five years towards renewable energy investments in developing countries to cut greenhouse gas emissions, the government said on Wednesday and urged private investors to work with it…

Exxon Lobbyist Duped by Greenpeace Says Climate Policy was a Ploy

Jul 01, 2021

A lobbyist for Exxon Mobil Corp said the company supports a carbon tax publicly because the plan to curb climate change would never gain enough political support to be adopted, according to an interview aired on Wednesday.Britain's Channel 4…

Thousands of New Oil Wells Needed to Meet Demand, Rystad Says

Jun 02, 2021

Thousands of new oil wells and hundreds of new oilfields will be needed to meet global demand even if it falls sharply towards the middle of the century, Oslo-based consultancy Rystad Energy said last Friday.Its analysis stands in sharp contrast…

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