Microsoft Corp. unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the earth’s atmosphere, saying efforts to merely emit less carbon aren’t enough to prevent catastrophic climate change.
Exploration and production firm EnQuest has closed its offices in Aberdeen city centre today as climate change protestors descended on the Granite City.
The chairman of the Oil and Gas Authority (OGA) has set out four targets for the North Sea industry to meet before a major climate conference comes to Scotland in November.
Britain will lead the next 30 years of climate action, Andrea Leadsom has claimed, amid opposition warnings over the Government's "stop-start" policies.
The European Union plans to dedicate a quarter of its budget to tackling climate change and has set up a scheme to shift one trillion euro (£856 billion) in investment towards making the economy more environmentally friendly over the next 10 years.
Larry Fink struck an urgent note in his annual letter to America’s corporate executives: Climate change will upend global finance sooner than they might think.
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
By Gordon Ballard, Executive Director, International Association of Oil & Gas Producers (IOGP)
The year 2019 once again proved that oil and gas remain indispensable resources to make the world a better place. They help to improve the lives of billions of people, many of whom would otherwise lack any access to reliable energy.
Equinor has unveiled new targets to reduce emissions from its operated offshore fields and onshore plants in Norway by 40% by 2030, 70% by 2040 and to near zero by 2050.
By Paul Wheelhouse, Scottish Minister for Energy, Connectivity and the Islands
As years go, 2019 was a particularly significant one for Scotland’s energy sector, most notably with the Scottish Government declaring a climate emergency, and outlining our commitment to become a net-zero emissions economy and society by 2045.
Every Christmas the Oxford Dictionary announces its word of the year. This year it’s ‘climate emergency’. Over the last twelve months there has been a rapid acceleration in climate activism around the world.
Jim Smith, Managing Director of SSE Renewables, calls on the UK Government to recognise the unique opportunity of COP26 and help shape the climate change fight.
As 2019 comes to a close, the UK energy sector trade body has produced a video highlighting some of the main developments for the industry over the last year.
The North Sea oil industry has been in transition for some years following the collapse of oil prices in late 2014. Large cost reductions have been painfully achieved. Production has increased due to a combination of new fields coming on stream plus a substantial increase in production efficiency to around 75%. But new field investment expenditure has fallen dramatically since 2015 and exploration remains at a relatively low level reflecting principally the maturity of the province as well as oil and gas prices far below their pre-2015 levels.
Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years.