Climate News


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.The veteran oil executive, reappointed as Eni chief for a third time in May, told Reuters he wants to ensure Eni will play a role in the energy transition which he believes has accelerated in the wake of the coronavirus crisis…

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…

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…

Equinor Wraps Drilling of Offshore Well for CO2 Storage

Mar 05, 2020

Equinor, with its partners Shell and Total, has completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea. The purpose was to determine the suitability of the reservoir in the Johansen formation for CO₂ storage…

Premier Oil Targets Carbon Neutral Operations by 2030

Mar 05, 2020

British North Sea-focused oil and gas producer Premier Oil has committed to carbon-neutral operations at its fields by 2030, reporting a record free cash flow of $327 million last year, up around 30% and boosted by its flagship Catcher field…

Dutch Gov't to Double Renewables Subsidies

Mar 05, 2020

The Dutch government on Wednesday said it would double the amount of money available under its renewable energy subsidy program to 4 billion euros ($4.45 billion) in 2020, from a previously planned 2 billion euros.The Netherlands is scrambling…

Eni Pledges to Cut GHG Emissions by 80%

Feb 28, 2020

Italian energy group Eni on Friday pledged to shrink its greenhouse gas emissions by 80% in one of the industry's most ambitious clean-up drives, just weeks before a decision on its chief executive's future. In its new business plan, Eni said its oil and gas production - forecast to grow 3…

BP Leaves Trade Groups over Climate 'Misalignment'

Feb 26, 2020

British oil major BP has decided to leave three U.S. based trade organizations saying that its in-depth review has found misalignment of the climate-related policies and activities of trade associations with BP’s positions.Based on its findings…

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