World leaders set for virtual summit as US seeks climate action
World leaders will take part in a virtual global summit on climate change this week as US President Joe Biden leads a new push to cut emissions.
climate change
Scottish renewables supply chain firm in the running to win prestigious award
A Scottish green energy supply chain firm is in contention to win a prestigious climate change award for its efforts to promote a circular economy.
Former BP boss joins leading global equity firm in environmental advisory role
Former BP boss Lord John Browne has joined a leading global growth equity firm as a senior advisor, based in London.
Honeywell launches NASA-inspired gas leak monitoring system in Europe
North Sea installations could soon be kitted out with NASA-inspired technology to watch for dangerous gas leaks.
Senior political figure says UK Gov should avoid delaying COP26 again, but admits decision ‘isn’t in our hands’
The COP26 climate conference should not be delayed for a second year if the UK “can possibly avoid it”, a senior political figure has said.
BP tells shareholders to reject climate resolution amid ‘discrepancy’ claims
Energy giant BP has urged shareholders to reject a climate change resolution at its AGM in May amid claims its strategy is at odds with a key international pact.
£22m fund launched to restore peatlands which could help climate change
The Scottish Government has launched a £22 million fund for peatland restoration projects.
US oil majors downgraded by S&P on climate risk, earnings
US oil majors ExxonMobil, Chevron and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
SSE takes on new round of apprentices as it targets renewables expansion
SSE has added another 53 new recruits to its ranks as it steps up ambitions to treble its renewable output and build the electricity network needed to deliver net zero.
Elon Musk’s $100m prize is for removing carbon dioxide from the air
Elon Musk became the richest person in the world by dramatically improving electric vehicles, pushing forward a technology that reduces carbon-dioxide emissions and slows global warming.
Former BP CEO Dudley: ‘We need investors to have a little patience with oil and gas’
Former BP CEO Bob Dudley has said investors “need to have a little patience with the oil and gas industry” as it adjusts for the energy transition.
BP cuts oil exploration team down to fewer than 100 people – report
BP has made significant cuts to its oil exploration team, reduced to less than 100 people compared to a peak of over 700 before Bernard Looney's tenure, according to a news report.
UK Government to hold North Sea industry’s ‘feet to the fire’ over decarbonisation targets
The UK’s energy minister has reinforced that support for North Sea oil and gas is reliant on the sector “playing ball” in terms of decarbonisation.
Russian sustainability scores rise, but climate goal still lags
A disconnect between Russia’s climate policies and the sustainability ratings of some of its biggest companies highlights the challenges investors face in assessing environmental, social and governance performance.
Updated: BP shareholder files climate resolution with oil major’s input
Dutch activist investor Follow This filed a climate resolution for BP Plc’s annual general meeting, having received support from the oil giant earlier this year. But the two parties were ultimately unable to agree on the final details in order to put forward the resolution together.
Sweden says EU plan to hit world’s busiest green debt market
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
Polluters make some net-zero progress, Climate Action 100+ says
Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments.
Shell fights charge that its climate stance harms human rights
Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint.
OGA submits revised strategy to UK Parliament obliging industry to support net zero
The Oil and Gas Authority (OGA) has today submitted a document to the UK Parliament, obliging the industry to support net zero targets.
Holyrood praised for ‘raising the stakes’ in fight against climate change
The Scottish Government has been praised for “raising the stakes” in the fight against climate change after it published updated proposals to slash carbon emissions.
Exxon sets new emissions goals following investor criticism
Exxon Mobil Corp. announced new emissions targets and plans to publish data on pollution stemming from its products just days after activist investors criticized the oil giant’s environmental record.
Norway considers taking more activist role in future of Equinor
The largest political party in Norway is arguing that the state should take a more activist role in Equinor, sparking debate on how it will use its two-thirds stake in the oil giant going forward.
Johnson commits U.K. to deepest greenhouse gas cuts in G-20
Boris Johnson pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations, aiming to put the U.K. in the vanguard of the fight against climate change.
KPMG targets energy transition with new specialist advisory practice
Accountancy firm KPMG has launched a new specialist energy lead advisory practice with the aim of supporting clients through the energy transition.
Generation 2050 manifesto serves as ‘fresh wake up call’ for energy bosses
Energy bosses have been served a “fresh wake up call” that the sector needs to accelerate progress to tackle climate change in order to attract top talent.