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S&P warns of oil & gas downgrades amid 'transition risks'
27 January 2021Ratings agency S&P has warned 13 oil and gas companies that they face a credit downgrade within weeks, citing risks associated with the transition to a low-carbon economy and competition from renewables.
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Oil and gas majors release joint transition principles
17 December 2020Eight energy companies - BP, Eni, Equinor, Galp, Occidental, Repsol, Royal Dutch Shell and Total - have jointly developed a set of energy transition principles.
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News round-up: Europex welcomes ETS review, Snam climate targets, India renewables investment
27 November 2020 -
Macquarie and BT Pension push TPI support past $20trn
16 October 2020Membership of the Transition Pathway Initiative (TPI) has surged past the $20 trillion milestone, just over three years after it was launched.
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ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge
09 October 2020 -
GIG and Total to develop 2.3GW of offshore wind projects in S. Korea
01 September 2020Macquarie's Green Investment Group (GIG) and French oil and gas company Total are to co-develop an initial 2.3GW portfolio of floating offshore wind projects in South Korea.
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Third of investor votes back Mizuho Financial climate resolution
25 June 2020More 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.
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Fossil fuel reserve profits 'could fall by two-thirds'
08 June 2020Falling 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.
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Total becomes next oil major to feel shareholder climate pressure
29 May 2020French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.
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Shell climate resolution support welcomed by green investor group
19 May 2020Support for a shareholder resolution demanding Anglo-Dutch oil supermajor Royal Dutch Shell set carbon intensity targets more than doubled compared with a similar resolution in 2018, but still failed to secure enough votes to pass.