Archive

Shell's transition strategy divides opinion

UK government launches voluntary carbon offset working group

The UK government has launched a working group seeking to make the country a global market for "high quality voluntary carbon offsets," in a move described by campaigners as a backward step on climate action.

Shell's 'say on climate' commitment welcomed by investors

Oil and gas supergiant Royal Dutch Shell has tightened its net zero emissions commitment, in a move welcomed by investors from the Climate Action 100+ collaborative engagement initiative.

BP outlines oil production cuts and bolsters net-zero carbon ambition

BP has announced it will cut oil and gas production by two-fifths and increase its low-carbon investments ten-fold by 2030 in order to achieve its net-zero carbon ambition, whilst also halving its dividend.

European oil majors climate pledge disappointment continues

Despite progress from European oil majors in strengthening their climate ambitions, analysis by the Transition Pathway Initiative (TPI) concluded that none are yet on the path to net-zero emissions.

Shell dividend cut sends shockwaves through oil & gas sector

Oil major Royal Dutch Shell has slashed its dividend for the first time since 1945, sending "shockwaves" through the oil & gas sector.

Equator Principles revision under fire from investors and NGOs

A proposed revision of the Equator Principles does not go far enough in respecting the rights of indigenous peoples affected by major investment projects, according to more than 50 institutional investors.

NN Group announces restrictions on coal-related underwriting

NN Group is to stop providing insurance services to companies that derive more than 30% of their revenues from thermal coal mining from 1 July.

Norway's oil fund to divest upstream oil and gas companies

Norway's giant 'oil fund' is set to divest from NOK70 billion ($8 billion) of oil & gas exploration and production companies, in "a significant landmark" in the energy transition.

Norway's Government Pension Fund divests from agricultural companies to combat deforestation

Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund with $1 trillion of assets, has divested from four major agricultural companies to combat deforestation.