Climate News


Norway's 'Oil Fund' to Test Business Model of Biggest CO2 Emitters

Sep 03, 2020

Norway's $1.2 trillion wealth fund will ask the companies in its portfolio that emit the most carbon dioxide (CO2) for more detailed climate-related data in order to understand the risk posed to its investments, a top official said.The world's largest sovereign fund…

Poland Could Become Climate Neutral by 2056

Aug 21, 2020

Poland, the only European Union country that has not pledged to be carbon neutral by 2050, could reach that goal by 2056, a study by the state Polish Economic Institute (PEI) showed on Wednesday.Poland generates almost 80% of electricity from…

Oil Giants Including Exxon Set First Joint Carbon Target

Jul 17, 2020

A group of the world's top oil companies, including Saudi Aramco, China's CNPC, and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector's climate stance grows…

Oil Industry Veterans to Launch Hydrogen Investment Fund

Jul 09, 2020

Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans.Hydrogen has long-been touted as a potential clean fuel as…

DNV GL: Oil Demand, CO2 Emissions Probably Peaked in 2019

Jul 01, 2020

Global oil demand and carbon dioxide emissions probably peaked in 2019 as the COVID-19 pandemic will have a lasting impact on both, energy consultancy DNV GL said on Wednesday.The Norway-based consultancy, which advises both petroleum and renewable energy companies on risk management and technology…

UK Gov't Advised to Harness Pandemic to Speed Zero-carbon Aims

Jun 25, 2020

From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government should harness the COVID-19 pandemic to accelerate cuts in planet-heating emissions, an advisory panel said on Thursday…

Eni CEO Working to Make Green Push Irreversible

Jun 18, 2020

Eni CEO Claudio Descalzi wants to turn the 67-year-old Italian oil and gas firm into a greener business, focusing on clean low-carbon products to build a huge customer base which he believes can steady the ship and attract investors more than ever…

Denmark Still has Far to Go to Meet 2030 Emissions Goal

Jun 18, 2020

Denmark will reduce greenhouse gas emissions by 44% by 2030 compared with 1990 levels if no new initiatives are introduced, the Danish Energy Agency (DEA) projected on Thursday.This means Denmark, broadly seen as a leader in efforts to tackle climate change…

Equinor's Shareholders Reject Climate Proposals from Activists

May 15, 2020

Equinor's shareholders, dominated by the Norwegian government, rejected all climate resolutions at the oil firm's annual general meeting on Thursday, the company said.One of the resolutions, proposed by Follow This, a group which represents about 5…

Equinor Rejects Climate Resolution Proposals

Apr 24, 2020

Equinor's board has rejected all shareholder climate resolutions, including one asking to set more ambitious emission reduction targets, the company said in a notice to the annual shareholders' meeting published on Thursday.In February, Equinor…

Gasunie Joins Offshore Green Hydrogen Project

Apr 20, 2020

Energy infrastructure firm Gasunie has joined as a partner at the PosHYdon project - the first offshore green hydrogen pilot being worked on in the Dutch section of the North Sea.PosHYdon integrates three energy systems in the Dutch North Sea: offshore wind…

Shell Sets Oil Sector's Broadest Carbon Reduction Plans

Apr 16, 2020

Royal Dutch Shell on Thursday deepened its ambition to battle climate change, setting the oil and gas sector's broadest plan to reduce greenhouse gas emissions to net-zero by 2050.The new climate goals put the Anglo-Dutch company - at least on paper - ahead of the most progressive of its rivals…

Shell's Carbon Emissions Drop in 2019 to Four-Year Low

Apr 09, 2020

Royal Dutch Shell's greenhouse gas emissions declined in 2019 to their lowest in four years, according to data provided by the energy company.At the same time, burning of unused natural gas in Shell's upstream oil and gas operations, a process known as flaring…

Equinor to Quit U.S. Lobby Group Over Climate Policy

Mar 27, 2020

Equinor will leave industry lobby group the Independent Petroleum Association of America (IPAA) over a disagreement about climate policy, the energy producer said on Friday.The Norwegian company is undertaking a review of its memberships of…

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