Climate Change News

 

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, judge Larisa Alwin read out a ruling which ordered Shell to reduce its planet-warming carbon emissions by 45% by 2030 from 2019 levels.'The court orders Royal Dutch Shell…

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…

Shell Shareholders Support Energy Transition Plan, Increase Pressure for Further Climate Action

May 18, 2021

Royal Dutch Shell shareholders overwhelmingly backed the company's energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change.A…

IEA: New Fossil Fuel Investments Must Stop If We Want to Meet 2050 Net-Zero Target

May 18, 2021

Investors should not fund new oil, gas and coal supply projects if the world wants to reach net-zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog's starkest warning yet to curb fossil fuels…

U.S. Supreme Court Sides with Oil Majors in Climate Change Case

May 17, 2021

The U.S. Supreme Court on Monday ruled in favor of BP PLC, Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC and other energy companies contesting a lawsuit filed by the city of Baltimore seeking monetary damages from them due to costs caused by global climate change…

Chevron Shareholders to Vote on Climate Change Proposals, Emissions Targets

Apr 09, 2021

Chevron Corp shareholders will vote on proposals aiming to require the No. 2 U.S. oil producer to reduce the environmental impact of its products and report on climate business risks.Chevron has pledged to limit the pace of growth of its carbon emissions that contribute to climate change…

Shell Accelerates Carbon Emissions Reduction Plans

Feb 11, 2021

Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.The Anglo-Dutch company is in the midst of its largest overhaul yet as it…

Total Withdraws from American Petroleum Institute over Differing Views on Climate Change

Jan 15, 2021

French oil major Total has decided not to renew its membership with the U.S. oil and gas industry association American Petroleum Institute (API), over the differing climate positions, as well as over API's support for candidates who oppose Paris Agreement…

Pandemic Nudging Firms to Address Climate Change, Norwegian Oil Fund Says

Dec 15, 2020

The coronavirus pandemic may be accelerating a shift among companies worldwide to make their operations more environmentally sustainable, a high-ranking official at Norway's $1.25 trillion sovereign wealth fund said on Monday.The fund is one of the world's largest investors…

World to Go Past Warming Limit Without Massive Investments

Sep 24, 2020

The world must combine COVID-19 recovery packages with massive investments in renewable energy and low-carbon infrastructure or it will fail to meet a global warming limit target, a report by leading energy consultancy Wood Mackenzie said on Wednesday…

Shell, Microsoft in Alliance to Cut Carbon Emissions

Sep 23, 2020

Oil and gas giant Shell, which has been increasingly getting involved in renewables, has said it has partnered up with tech giant Microsoft 'to support progress towards a world with net-zero emissions.'As part of the strategic agreement signed between the two companies…

Norway to Launch $2,7B Carbon Capture and Storage Project 'Longship'

Sep 21, 2020

In what has been described as 'the greatest climate project in Norwegian industry ever' the Norwegian government on Monday submitted a white paper to parliament, proposing to launch a $2,7 billion carbon capture and storage (CCS) project in Norway…

Snam, Saipem to Jointly Pursue Energy Transition Tech

Sep 10, 2020

Offshore energy services provider Saipem and gas grid operator Snam have signed an agreement to work together on energy transition technology.Under the memorandum of understanding signed, the two Italian companies will jointly work on green hydrogen and carbon capture initiatives…

UK Gov't to Review Offshore Oil and Gas Licensing Policy

Sep 03, 2020

The UK government said Thursday it would review its policy on the future UK offshore oil and gas licensing regime as part of the wider aim of the country towards achieving net-zero emissions by 2050.'The review will ensure the Government has…

OGA: Offshore Platform Electrification Vital For 2050 Net Zero Emissions Goal

Aug 24, 2020

The UK oil and gas regulator Oil and Gas Authority (OGA) last week hosted the first of a series of workshops on offshore oil and gas platform electrification aimed at reducing greenhouse gas emissions, a step dubbed vital in helping the UK reach the net-zero target by 2050…

Current News

Collab in Sight? Turkey Shares Data on Giant Black Sea Gas Find with ExxonMobil, Chevron

Collab in Sight? Turkey Shares Data on Giant Black Sea Gas Find with ExxonMobil, Chevron

Wood Bags Five-year Extension at Hibernia

Wood Bags Five-year Extension at Hibernia

Petrobras Orders $2.3B FPSO from Saipem, DSME JV

Petrobras Orders $2.3B FPSO from Saipem, DSME JV

Norway Not Giving Up on Oil, Gas in Push for Greener Energy

Norway Not Giving Up on Oil, Gas in Push for Greener Energy

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