Archive

Oil and gas giants a long way from Paris, claims Carbon Tracker

Denham Capital launches Brazilian renewables platform

Bond investors 'now pricing in' oil and gas firm climate strategies

Fixed income investors have increasingly been pricing in the climate strategies of oil and gas firms following the energy crisis sparked by the Russian invasion of Ukraine, according to ABN Amro.

Oil and gas majors release joint transition principles

Eight energy companies - BP, Eni, Equinor, Galp, Occidental, Repsol, Royal Dutch Shell and Total - have jointly developed a set of energy transition principles.

News round-up: REST settles climate case, Solarcentury acquired, Equinor net-zero pledge ... and more

ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge

BP outlines oil production cuts and bolsters net-zero carbon ambition

BP has announced it will cut oil and gas production by two-fifths and increase its low-carbon investments ten-fold by 2030 in order to achieve its net-zero carbon ambition, whilst also halving its dividend.

Third of investor votes back Mizuho Financial climate resolution

More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.

Fossil fuel reserve profits 'could fall by two-thirds'

Falling demand and rising investment risk is forecast to slash profits from fossil fuel reserves, research by Carbon Tracker reported, estimating they could collapse by almost two-thirds.

Largest private pension scheme in UK announces first divestments

The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.