Biden, Jokowi unveil $20bn deal to end coal and speed up net zero push in Indonesia
US President Joe Biden and Indonesian President Joko Widodo announced a climate finance deal providing $20 billion to help Indonesia pivot away from coal power.
transition
Singapore unveils plan to target net-zero emissions by 2050
Singapore will target net-zero emissions by 2050 and is bolstering its short-term climate goals even as the city-state acknowledges it faces challenges to shift to cleaner energy sources.
Petronas strengthens collaboration with Japan on carbon neutral targets
Malaysia’s Petronas has signed a memorandum of cooperation (MoC) with the Ministry of Economy, Trade and Industry of Japan (METI), as well as a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC), to collaboratively pursue mutual sustainability goals of achieving carbon neutrality by 2050.
Shell approves $2.5bn Crux gas project to backfill Prelude LNG off Australia
Shell (LON:SHEL) has taken a final investment decision (FID) to develop the Crux natural gas field offshore Western Australia.
Asia needs $3 trillion of energy investment
Delegates attending the virtual Future Energy Asia conference today heard how Asia is expected to need nearly $3 trillion of cumulative energy investment to realise a sustainable pathway by 2040.
Shell unveils ‘accelerated’ net zero strategy, confirms oil production peaked in 2019
Shell has launched a new “accelerated” strategy to get to net zero, and confirmed that oil production peaked for the company in 2019.
Biden’s oil transition plan ‘doesn’t sound very revolutionary’ says Aberdeen Uni professor
The plan from Presidential hopeful Joe Biden plan to “transition” away from oil and gas “does not sound very revolutionary”, according to an Aberdeen University professor.
Majors on the wrong track for emission action
The largest listed oil and gas producers are moving in the wrong direction, according to a new report from Redburn, “Lost in Transition”.