Archive

  • Oil and gas majors release joint transition principles

    17 December 2020

    Eight energy companies - BP, Eni, Equinor, Galp, Occidental, Repsol, Royal Dutch Shell and Total - have jointly developed a set of energy transition principles.

  • Macquarie and BT Pension push TPI support past $20trn

    16 October 2020

    Membership of the Transition Pathway Initiative (TPI) has surged past the $20 trillion milestone, just over three years after it was launched.

  • Net zero transition to cost $1-2tn a year, say energy companies

    16 September 2020

    Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).

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

    04 August 2020

    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.

  • Third of investor votes back Mizuho Financial climate resolution

    25 June 2020

    More 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.

  • Cleantech Solar secures $75 million green loan

    23 June 2020

    Cleantech Solar has signed a $75 million green loan with the Singapore branch of Dutch lender ING Bank, the largest Asian green facility for commercial and industrial rooftop solar projects.

  • Fossil fuel reserve profits 'could fall by two-thirds'

    08 June 2020

    Falling 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.

  • Largest private pension scheme in UK announces first divestments

    01 June 2020

    The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.

  • Total becomes next oil major to feel shareholder climate pressure

    29 May 2020

    French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.