Shell climate resolution support welcomed by green investor group
Support for a shareholder resolution demanding Anglo-Dutch oil supermajor Royal Dutch Shell set carbon intensity targets more than doubled compared with a similar resolution in 2018, but still failed to secure enough votes to pass.
Green investor group hails Equinor climate resolution progress
Support for a shareholder resolution demanding Norwegian oil company Equinor to set carbon intensity targets more than doubled, but majority owner, the state of Norway, kiboshed the proposal.
Pension funds must do more to push for low-carbon transition, says Lord Deben
The chair of the influential UK Committee on Climate Change (CCC) said the financial sector is beginning to take environmental concerns more seriously, but more has to be done.
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.
Oil majors accused of using CA100+ as 'fig leaf' to disguise inaction
Oil supermajors have been accused of using joint statements with investor initiative Climate Action 100+ (CA100+) as a means to disguise limited action on emissions reductions.
Time is ripe for US asset managers to engage oil majors
Domestic asset managers have been largely absent from climate engagement with US oil majors, but the Church Commissioners for England tells Ahren Lester that this could finally be changing.
Total makes net-zero pledge after investor pressure
French oil major Total has become the latest oil and gas major to announce its ambition to be net-zero emissions by 2050, after pressure from investor groups.
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.
Oil price crash 'will not derail energy transition'
The writing is on the wall for the oil and gas sector, BNP Paribas Asset Management's climate change research head tells Ahren Lester
Shell strengthens climate ambitions after investor pressure
Royal Dutch Shell has strengthened its climate change ambitions in order to help meet global 2050 greenhouse gas (GHG) emission reduction targets, but campaigners remain unconvinced that the proposals go far enough.