Tagged With Tom Young
EU climate laws advance
18 May 2022
Rules governing how emissions will be cut in line with Paris Agreement goals have passed a key legislative hurdle
Shell calls for policy stability
6 May 2022
CEO Ben van Beurden says transition investments are easier to make in a stable policy environment
TotalEnergies says Q1 profits can fund transition
29 April 2022
Firm reported profits of $9bn in the first quarter of 2022, up from $6.8bn a year ago due to high oil and gas prices
Net-zero targets ‘inadequate’ to hit Paris goals – McKinsey
26 April 2022
Faster shift away from fossil fuels toward efficiency, electrification and new fuels needed to keep 1.5°C pathway in sight, according to consultancy
TotalEnergies to publish annual climate progress
25 April 2022
French company decides to disclose progress against emission reduction targets annually after coming under pressure from investors
Passive investing risks safe haven for fossil fuels
22 April 2022
Growth in index-tracking funds over last few years has led to over-investment in fossil fuel sector, says report
Equinor lays out transition strategy
19 April 2022
Norwegian company says its planned emissions reductions are consistent with a 1.5°C pathway
ExxonMobil to assess Australian CCS potential
19 April 2022
Company is in talks with local industries to assess interest in Gippsland hub
Climate pledges ‘could limit’ warming to 2°C
14 April 2022
Previous research had suggested that pledges have only a 50pc chance of achieving 2°C target
Clean energy spending rises following Ukraine crisis
12 April 2022
Government spending on clean energy rises to over $710bn, but countries with limited fiscal means continue to neglect transition in effort to maintain food and fuel affordability
Asian nations must avoid gas infrastructure – Carbon Tracker
11 April 2022
Vietnam, South Korea and Japan must invest now in transitioning their power infrastructure away from natural gas to reach net zero by 2050, says think tank
UK backs nuclear to gain energy independence
7 April 2022
Nation raises offshore wind, solar and nuclear targets as it looks to move away from imported fossil fuels
Immediate action needed to achieve 1.5°C – IPCC
5 April 2022
Limiting warming to around 1.5°C requires global greenhouse gas emissions to peak before 2025 at the latest, but annual figures are still rising
Biden to spur domestic critical mineral production
1 April 2022
US president invokes the Defense Production Act to expand domestic supply as administration seeks to curb reliance on imports
Shell to invest up to £25bn in UK energy system
29 March 2022
Firm will lay out more details about strategy in coming months as it looks to deploy recent profits to aid the transition
IEA given climate mandate
24 March 2022
Ministers from 31 member countries give body new guiding principle of supporting decarbonisation efforts
ETS to remain heart of EU climate policy
24 March 2022
Carbon border adjustments could encourage scheme’s influence in other regions, according to panel
Businesses join net-zero pledge
15 March 2022
One hundred more firms have signed a pledge to reach net-zero emissions by 2040, but more are needed, says former UN climate chief
Global carbon emissions highest on record in 2021
10 March 2022
Burning of coal to fuel economic recovery led to 6pc increase in emissions from 2020
EU plans to pivot from Russian gas
9 March 2022
Switch to renewables and hydrogen aims to displace demand for Russian gas well before 2030
EU ETS prices fall sharply on Ukraine invasion
8 March 2022
Combination of factors has led to EU allowances losing a third of their value, but bullish factors remain on the horizon
Uncertainty preventing transition investments – WEC
27 January 2022
Covid-19 variants, economic growth and geopolitics are higher up the agenda for leaders than climate change
Trafigura accelerates decarbonisation efforts
26 January 2022
Firm is reducing emissions impact of shipping and mining operations
ExxonMobil targets net-zero scope one and two emissions by 2050
19 January 2022
Oil major plans to invest more than $15bn on low-carbon initiatives by 2027
Moller-Maersk targets net zero by 2040
13 January 2022
Firm will use methanol for shipping fuel and sustainable aviation fuels to reduce carbon footprint
Coal burn jumps sharply in 2021 – IEA
11 January 2022
Economic recovery and surging natural gas prices have boosted demand for coal for power generation
Australia and South Korea to finance hydrogen development
15 December 2021
Countries will each commit $35mn to collaboration on hydrogen, steel and CCS technologies
Enel brings forward net-zero target to 2040
24 November 2021
Group accelerates investment in renewables capacity and networks as it looks to electrify new sectors
Geothermal could power North Sea industry
22 November 2021
Legacy oil and gas fields can be repurposed to power offshore oil and gas operations, say academics and specialists
More work needed on energy efficiency – IEA
17 November 2021
Improvement rate must double for net zero to be feasible, agency says
Sturgeon calls on Johnson to fast-track Acorn project
8 November 2021
Scottish cluster was not awarded track-one status under UK government’s CCS scheme
US outlines actions on methane
3 November 2021
Proposal forms part of US commitment under global pledge to cut methane emissions by 30pc by 2030
Cop26 presidency lays out four goals for talks
2 November 2021
Keeping 1.5°C pathway within reach and mobilising more finance are vital, according to Cop president Alok Sharma
Oil majors say fossil fuels still needed in US committee hearing
29 October 2021
ExxonMobil, Chevron, Shell and BP executives support Paris Agreement but say fossil fuels will be required for some time
Shell defends itself against call for break-up
28 October 2021
Breaking up company, as activist investors want, would not help firm transition, say executives
Global climate commitments fall short – Unep
27 October 2021
Current pledges to Paris Agreement would lead to 2.7°C of global warming this century
Carbon price would make hydrogen viable – Wood Mackenzie
14 October 2021
Accelerating development of low-carbon hydrogen before 2030 would require carbon prices above $60/t
Chevron sets net-zero 2050 target for upstream emissions
11 October 2021
Firm also sets 2028 scope three emissions reduction target of 5pc below 2016 baseline by 2028
Technip and Siemens look to decarbonise olefin production
4 October 2021
Technology uses a dynamic reactor system that replaces conventional furnaces with a combination of electric and hydrogen-fired gas turbines
Six actions needed to close Paris emissions gap – ETC
4 October 2021
Additional 17-20Gt of carbon dioxide reductions and 40pc cut in methane emissions necessary to keep 1.5°C target alive
Climate will warm at least 2.2°C - TotalEnergies
28 September 2021
Report by oil and gas major outlines scenarios based on current commitments and what is necessary to keep to 1.5°C warming
Global temperature rise will reach 1.5°C in next 20 years – IPCC
9 August 2021
Report calls for quick action by policymakers to stabilise temperature rises later in the century
Tech disruption could cut emissions rapidly – Rethink X
5 August 2021
Report envisions a far faster decarbonisation process than more conventional scenarios
BP doubles renewables pipeline
3 August 2021
Offshore wind investments in US and bids in Scotland will help to decarbonise firm’s portfolio
Denham aligns with sustainable guidelines
2 August 2021
Sabine Chalopin, Denham Capital’s ESG and Impact Director, talks about the firm’s methodologies for sustainability
Denham looks to finance sustainable infrastructure
2 August 2021
Investors in developed economies need to help governments and firms in emerging economies gain access to capital markets, says CEO
China finances no new coal in 2021
27 July 2021
Size of projects and new investment guidelines have deterred coal financing
PE Live: Glasgow climate talks must solve article six issues
23 July 2021
A number of hurdles remain, including additionality and flexibility of emissions reductions
PE Live: Paris climate contributions are standardising
23 July 2021
Second round of NDCs sees greater similarity in formats, with many adopting net-zero targets
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