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oil and gas

Study: Oil majors' global decarbonisation scenarios are incompatible with Paris Agreement goals

Energy

Study: Oil majors' global decarbonisation scenarios are incompatible with Paris Agreement goals

Climate Analytics study warns global decarbonisation pathways published by BP, Royal Dutch Shell and Equinor are not in line with Paris Agreement

clock 16 August 2022 • 4 min read
Essar Oil welcomes 'UK's first' giant hydrogen-powered furnace at its Cheshire site

CCS

Essar Oil welcomes 'UK's first' giant hydrogen-powered furnace at its Cheshire site

Firm is replacing three gas-power oil refinery furnaces at the site with a new piece of giant blue hydrogen-powered kit

clock 16 August 2022 • 2 min read
Collaboration, risk sharing, and common standards: What are the key accelerators of industrial decarbonisation?

Infrastructure

Collaboration, risk sharing, and common standards: What are the key accelerators of industrial decarbonisation?

A new report from WEF and Accenture sets out recommendations for how financiers, businesses, and government can work together to decarbonise some of the world's most hard-to-abate sectors

clock 04 August 2022 • 5 min read
'Grotesque greed': UN Secretary-General urges governments to tax fossil fuel firms' 'excessive' profits

Politics

'Grotesque greed': UN Secretary-General urges governments to tax fossil fuel firms' 'excessive' profits

UN chief argues oil and gas firms' profiteering off the energy crisis is 'punishing the poorest and most vulernable people, while destroying our home'

clock 04 August 2022 • 4 min read
'A scandal': Government hit with legal challenge over decision to approve Jackdaw gas field

Energy

'A scandal': Government hit with legal challenge over decision to approve Jackdaw gas field

Greenpeace claims government failed to assess full environmental impacts of Shell fossil fuel project in the North Sea

clock 26 July 2022 • 5 min read
Oil refiner Varo Energy unveils plan to achieve net zero by 2040

Infrastructure

Oil refiner Varo Energy unveils plan to achieve net zero by 2040

European fossil fuel giant pledges to ramp up investment in hydrogen and end sale of carbon-based products by 2040

clock 05 July 2022 • 3 min read
Study: Billions of pounds 'lost' to oil and gas tax relief could have funded insulation in two million homes

Taxation

Study: Billions of pounds 'lost' to oil and gas tax relief could have funded insulation in two million homes

Chancellor's decision to incentivise domestic oil and gas extraction is 'opposite of what's needed if we want to end our reliance on expensive gas', E3G warns

clock 31 May 2022 • 3 min read
'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

Taxation

'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

Green business figures, campaigners, politicians, academics and energy experts give their verdict on the government's windfall tax U-turn

clock 26 May 2022 • 15 min read
Government taps oil and gas profits to help pay for fresh £15bn energy bills support package

Politics

Government taps oil and gas profits to help pay for fresh £15bn energy bills support package

U-turn will see oil and gas firms to help pay additional 25 per cent windfall tax on profits to help pay for fresh measures to support households with soaring energy bills

clock 26 May 2022 • 8 min read
Schroders backs shareholder demands for emissions cuts from oil and gas giants

Energy

Schroders backs shareholder demands for emissions cuts from oil and gas giants

Chevron, ExxonMobil, and Shell urged to do more to decarbonise the energy industry and keep Paris Agreement targets alive

clock 24 May 2022 • 2 min read
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