Carbon Tracker: Oil and gas giants take $87bn hit on assets in nine months
BP, Shell and Total have all written down value of their assets by billions in the second quarter of 2020, but Exxon, Equinor and ConocoPhillips failed to report any significant material impairments
Fossil fuel majors have slashed the value of their oil and gas assets by $87bn in recent months as the coronavirus pandemic has decimated demand for oil and accelerated the pace of the clean energy transition,...
More on Risk
More news
Future Homes Standard: No time like 2023
A target for all new homes to be built without fossil fuel heating was initially announced, then de-announced, for 2023 - but how realistic is that target date, ponders ECIU's Jess Ralston
EU watchdog slams Commission for appointing BlackRock as ESG finance advisor
European Ombudsman calls on EU to update its conflict of interest guidelines for procurement contracts following its decision to hire a business division of world's leading fossil fuel financier to develop ESG banking regulation study
Backtracking: More rail projects awarded funding through Beeching cuts reversal programme
Department for Transport announces second round of winners from the 'ideas fund' for its Restoring Your Railway Fund, geared at resuscitating mothballed railway lines and stations
'Tip of the iceberg': Aviation emissions three times larger than current estimates, scientists warn
Landmark report from EU aviation regulator into non-CO2 emissions produced by jet engines sets out new financial, fuel, and air traffic measures that would target the full gamut of aviation emissions
