Climate News


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…

Big Oil's Credit Risk Increased after Dutch Court Ruling, Investor Pressure

May 28, 2021

Rating agency Moody's said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell losing a Dutch climate lawsuit this week and Exxon losing a battle with shareholders.Chevron also lost…

Exxon Loses Board Seats to Activist Hedge Fund in Landmark Climate Vote

May 27, 2021

A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change…

Shareholder Battle for Exxon's Future Nears Climax

May 26, 2021

Exxon Mobil Corp's bid to stave off a tiny activist fund challenging its board and response to growing climate concerns is too close to call just hours before the oil giant's annual meeting, people familiar with the matter said.Exxon's 12 directors…

Landmark Ruling: Dutch Court Orders Shell to Deepen Carbon Cuts

May 26, 2021

A Dutch court on Wednesday ordered Royal Dutch Shell to significantly deepen its planned greenhouse gas emission cuts, in a landmark ruling that could pave the way for legal action against energy firms around the world.At a courtroom in The Hague…

Asia, Australia Snub IEA's Call to Halt new Fossil Fuel Investments

May 19, 2021

Asian energy officials on Wednesday disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow…

Shell to Link Directors' Pay to Climate Performance

Mar 29, 2021

Royal Dutch Shell has proposed linking its directors' pay more closely to the group's climate performance and severing the link between bonuses and liquefied natural gas (LNG) production volumes, it said on Monday.The weighting of Shell's energy…

BP Working on 1GW Blue Hydrogen Production Plant in Teesside

Mar 18, 2021

Oil major BP said Thursday it was working to develop the UK’s largest blue hydrogen production facility, targeting 1GW of hydrogen production by 2030. The proposed development, H2Teesside, would capture and send for storage up to two million tonnes of carbon dioxide (CO₂) per year…

Ørsted, Aker Carbon Capture, Microsoft in Carbon Capture Collab

Mar 10, 2021

Norway's Aker Carbon Capture, Danish offshore wind giant Ørsted, and global technology behemoth Microsoft are teaming up in a project to capture emissions from biomass power plants and possibly storing them under the seabed offshore Norway.The…

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