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Eni publishes 'first' sustainability-linked financing framework for oil sector

Italian oil supermajor Eni has published its sustainability-linked financing framework supporting its 2050 net-zero emissions goal, believed to be the 'first' such framework from the oil and gas sector.

Setting science-based target for Total bond plan 'not easy', Pouyanné says

The boss of French oil major Total said the company is working hard to find a Paris Agreement-aligned target for its sustainability-linked bonds, but that the process is "not easy" because of the politics inherent in climate scenarios and the "religious" approach adopted by NGOs.

Investor failure to vote for near-term climate targets would be hypocrisy, Hohn says

Investors who do not support shareholder resolutions that aim to force major polluters to set near-term emissions reduction targets in line with the goals of the Paris Agreement have been warned that they would be guilty of "absolute greenwashing and hypocrisy".

Total commits to issuing only sustainability-linked bonds

French oil supermajor Total has committed to all its new bond issues being 'sustainability-linked', in another boost for the nascent market.

S&P warns of oil & gas downgrades amid 'transition risks'

Ratings agency S&P has warned 13 oil and gas companies that they face a credit downgrade within weeks, citing risks associated with the transition to a low-carbon economy and competition from renewables.

Oil and gas majors release joint transition principles

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

News round-up: Europex welcomes ETS review, Snam climate targets, India renewables investment

Macquarie and BT Pension push TPI support past $20trn

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

ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge

GIG and Total to develop 2.3GW of offshore wind projects in S. Korea

Macquarie's Green Investment Group (GIG) and French oil and gas company Total are to co-develop an initial 2.3GW portfolio of floating offshore wind projects in South Korea.