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oil and gas

Investment

ExxonMobil holds out against growing shareholder rebellion over 'insufficient' climate action

Around a third of investors, including the world's largest asset manager, vote for changes to oil giant's governance to help drive bolder climate action

clock 28 May 2020 • 4 min read

Investment

'Oil has no place in our future': Rockefeller fund returns shine after ditching fossil fuels

Rockefeller Brothers Fund announces that its investment portfolio has exceeded expectations and industry averages in the five years since it divested from fossil fuels

clock 11 May 2020 • 4 min read

Net Zero Now

Investor group warns no European oil and gas major has a credible net zero plan

Transition Pathway Initiative backed by investors boasting $19tr of capital welcomes stronger climate pledges from leading oil firms, but warns sector is still a long way from delivering adequate decarbonisation plans

clock 11 May 2020 • 7 min read

Energy

'Advancing a low carbon future': Total pledges to deliver net zero operations by mid-century

French company becomes latest oil major to bolster its emissions reductions strategy, with promise to hit net zero across its operations worldwide by 2050

clock 05 May 2020 • 4 min read

Investment

'Deeply disturbing': Just 35 banks have handed $2.7tr to fossil fuels since 2015, study finds

Major study backed by 250 NGOs and environmental organisations claims financing for fossil fuels has risen every year since the Paris Agreement was signed

clock 18 March 2020 • 8 min read

Infrastructure

'We will be prepared to part company': Could BP's exit from three major oil and gas trade bodies set a new industry standard?

Decision to quit three US trade bodies stems from differences over carbon pricing policies and methane regulation, as oil giant looks to build on net zero plans

clock 27 February 2020 • 7 min read

Investment

Banks accused of fuelling climate change as high-carbon investments continue to climb

Investor report finds that financing for fossil fuels totaled nearly $2tr between 2016 and 2018, despite wider adoption of climate disclosure policies

clock 11 November 2019 • 7 min read

Investment

Carbon Tracker: Oil majors must cut output by a third to meet Paris Agreement goals

New report warns none of the oil and gas majors are on track to be aligned with the Paris Agreement by 2040, with some firms needing to cut production by as much as 85 per cent

clock 01 November 2019 • 7 min read

Energy

Eni and Mainstream Renewable Power eye joint UK offshore wind bids

Italian oil and gas giant to collaborate with global wind and solar developer on clean energy projects in the UK, as well as Africa and Southeast Asia

clock 25 September 2019 • 2 min read

Investment

'Gradual or rapid': How fast is the low carbon transition likely to be?

World Economic Forum report considers whether major shift away from fossil fuels is likely within the next decade, or will take much longer than green business hope

clock 15 September 2019 • 7 min read
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