Blue hydrogen and gas-power CCS could derail UK net zero targets
Gas-powered hydrogen production and carbon capture schemes risk derailing the UK's net zero targets, a new report has warned.
Carbon Tracker
Report finds UK carbon capture strategy based on ‘outdated and unrealistic’ assumptions
Carbon Tracker analysis recommends UK government adopt scaled back and targeted CCUS approach focused on decarbonising cement sector and proving technologies on smaller scale projects.
Big Oil pay packets still push execs to boost fossil fuel production – report
A new report suggests Big Oil continues to link executive pay to increased fossil fuel production, even if this conflicts with energy transition targets and climate policies.
Report warns of North Sea private equity cash wipeout on faster transition
Carbon Tracker says oil and gas cashflows are at major risk of plummeting demand, though industry leaders say North sea firms are integral to energy transition delivery
Ukraine invasion boosts green hydrogen investment by £64.9 billion
The war in Ukraine has spurred investment in green hydrogen production as blue and grey alternatives see overhead costs soar, Carbon Tracker report finds.
How ESG, and the wider energy industry, is being challenged by Russia’s invasion of Ukraine
The definitions of Environmental, social and corporate governance (ESG) have been challenged by Russia’s invasion of Ukraine, nowhere more so than in the energy sector, where companies have been forced by events to exit Russia abruptly and energy prices have soared to record levels.
Jobs, cash and power, it’s all on the line for Africa’s COP26 hopes
Climate change is a global problem but some areas have more to lose, particularly those in the developing economies.
Oil and gas majors told to prepare for ‘major production drop’ by 2030s
Oil and gas majors are being warned they must plan for a “major production drop” in order to hit the 1.5°C Paris Agreement target.
US oil and gas majors lagging behind in energy transition according to Carbon Tracker
US oil and gas majors are lagging significantly behind their European counterparts in adapting to the energy transition, according to a new report.
Oil majors ‘still falling short’ of climate goals – Carbon Tracker
Oil majors are “falling short” of global climate goals despite their updated emissions targets, according to a new report.
Green tech, climate policies could slash fossil fuel profits by two-thirds
The rise of clean tech such as renewables, electric cars and climate policies could cut global fossil fuel profits by two thirds, a report warns.
Wood, Lundin and Carbon Tracker on road to net-zero
In the age of the Great Energy Transition, oil and gas companies face a dual challenge; to reduce operational emissions whilst keeping up with growing energy demand they will need to increase both asset performance and lifetime. With increasing numbers of incumbent O&G players making net-zero commitments, the sector will increasingly be judged both by their cost per barrel / cubic feet AND their carbon footprint per barrel.
MP Pension Fund too ‘heavily invested’ in North Sea oil and gas firms, campaign group claims
A multi-million pound MP pension fund is still too “heavily invested” in the oil and gas sector despite a significant reduction in financial backing, according to a cross-party campaign group.
Call to cancel new coal facilities globally as renewables ‘out-compete’ on cost
Coal power developers risk wasting hundreds of billions of pounds as new renewables are now cheaper than new coal plants around the world, a report warns.
‘Virtually no new oil fields’ sanctioned after 2030, analysis claims
The global oil and gas sector will see “virtually no new oil fields” sanctioned in the 2030s, according to an analysis by financial specialists Carbon Tracker.
Save the world, shrink the majors, new report says
The seven majors must cut production by 35% by 2040, and emissions by 40%, if the world is to warm by only 1.6 degrees Celsius, according to a new report from Carbon Tracker Initiative.
Energy firms risk a trillion by ignoring low carbon shift, says report
Fossil fuel companies risk wasting more than £1 trillion of expenditure by 2025 if they do not take the world's climate goals into account, experts say.
Think-tank delivers climate change warning to oil majors
Major North Sea oil firms will have to cap their global spending by as much as 70% if international climate change targets are to be met, a financial think tank has warned.