Climate Change News

 

Petrobras CEO: Oil Industry is not the Villain

Aug 24, 2023

Petrobras CEO Jean Paul Prates participated in the CEO Oil and Gas Governors Meeting in Geneva this week and highlighted that it is crucial to raise people's awareness of the essential contribution of oil to the economy.The event was coordinated by the World Economic Forum, and the meeting addressed two main themes: energy transition at COP 28 and the commitment of the industry to the emission reduction target (net zero)…

Shell Scales Back 2030 Carbon Emissions Target

Mar 14, 2024

Shell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.The changes…

Environmentalists Ask Court to Block Development of Three North Sea Fields

Nov 27, 2023

Environmental groups on Tuesday will ask a Norwegian court to block the development of three North Sea oil and gas fields, citing insufficient assessment of global climate impact from future petroleum use.The lawsuit filed by Greenpeace and…

COP28 Puts Spotlight on Methane Pledges

Nov 27, 2023

Delegates at this year's U.N. COP28 climate summit are anxious to boost the world's climate change agenda with concrete plans for clamping down on the second-most prominent greenhouse gas – methane.While more than 150 countries have promised…

Report: New Gas Supply Needed in All Australian Net Zero Pathways

Nov 26, 2023

Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region.EY was commissioned…

Global Fossil Fuel Production Plans Far Exceed Climate Targets, U.N. Says

Nov 08, 2023

Global fossil fuel production in 2030 is set to be more than double the levels that are deemed consistent with meeting climate goals set under the 2015 Paris climate agreement, the United Nations and researchers said on Wednesday.The United Nations Environment Programme's (UNEP) report…

Exxon Says World Set to Fail 2°C Global Warming Cap by 2050

Aug 28, 2023

Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp said on Monday, with the world failing to keep global temperature increases below 2 degrees Celsius.The largest U.S…

Environmental Groups Take Eni to Court Over Climate Change

May 10, 2023

Environmental groups Greenpeace and ReCommon said on Tuesday they had launched a lawsuit against Italian energy group Eni for contributing to climate change with its fossil fuel businesses.Greenpeace said it had served notices about the lawsuit…

Methane Emission Reduction takes Center Stage of UN GHG Report

Aug 09, 2021

In four decades of climate negotiations, the world has focused intensely and exclusively on the most abundant climate-warming gas: carbon dioxide. This year, scientists are urging a focus on another potent greenhouse gas – methane – as the planet's…

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…

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…

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…

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…

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