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.
BP leaves trade associations over differences in climate policy
Oil and gas giant BP is to leave three trade associations due to differences on policy positions regarding carbon pricing and the federal regulation of methane, in a victory for investors.