Archive

Oil majors to pilot net zero model that pits winding-down as 'legitimate' strategy

BP, Eni, Repsol, Shell and Total are the first oil companies to agree to pilot an investor-led standard that is designed to improve comparability of transition plans, and "acknowledges winding-down as a legitimate strategy".

People Moves: IIGCC, Riksbank, Bloomberg

Investors urge steel sector to increase low-carbon tech spend

A network of investors with more than $32 trillion in assets says it expects companies in the highly polluting steel sector to significantly increase spending on new technologies if they are to survive the energy transition.