Friday, April 24, 2026
Biden team close to announcing picks for core climate and energy jobs- oil and gas 360

Biden team close to announcing picks for core climate and energy jobs

Reuters President-elect Joe Biden is close to announcing a slate of Cabinet nominees who will be central to his administration’s sweeping plan to fight climate change, according to sources familiar with the matter. For the interior secretary post, Biden appears to favor U.S. Representative Deb Haaland of New Mexico, three informed sources said, a pick, that if confirmed by the

EU to shift funding away from gas, into low-carbon energy- oil and gas 360

EU to shift funding away from gas, into low-carbon energy

Reuters BRUSSELS – The European Commission on Tuesday proposed rules to restrict funding for natural gas projects and instead funnel cash into low-carbon technologies to meet climate goals. The EU’s “TEN-E” rules define which cross-border energy projects are eligible to receive certain EU funding and fast-tracked permits. The Commission on Tuesday proposed a rewrite of the rules, which guided 4.7

Britain proposes domestic emissions trading scheme from Jan 1- oil and gas 360

Britain proposes domestic emissions trading scheme from Jan 1

Reuters The British government said on Monday it will establish a domestic emissions trading scheme (UK ETS) from Jan. 1 to replace the current EU regime, as it presented its long-awaited white paper on energy policy. Britain exits the EU ETS at the end of the Brexit transition period and had previously said it may introduce either a domestic ETS

Germany agrees amended energy law to boost renewables- oil and gas 360

Germany agrees amended energy law to boost renewables

Reuters BERLIN – Germany’s ruling coalition has agreed changes to a new energy law that aims to boost renewable power and help the country meet its goal of producing 65% of its electricity from green sources by 2030, the environment minister said on Monday. The energy law is now expected to go before a parliamentary committee on Tuesday ahead of

Asset manager group aims for carbon neutral investments by 2050- oil and gas 360

Asset manager group aims for carbon neutral investments by 2050

Reuters LONDON (Reuters) – A group of 30 asset managers with more than $9 trillion under management launched the Net Zero Asset Managers Initiative on Friday to help clients ensure their portfolios are carbon neutral by 2050. The group, which includes Schroders and UBS Asset Management, said it would prioritise securing real reductions in emissions at the companies in which

EU carbon price rises to all-time high after EU climate deal- oil and gas 360

EU carbon price rises to all-time high after EU climate deal

Reuters LONDON – The price of benchmark European Union carbon permits rose to an all-time high above 31 euros a tonne on Friday, after EU leaders reached a deal on more ambitious emissions cuts this decade. The contract rose to 31.30 euros a tonne, its highest since the EU’s Emissions Trading System (EU ETS) was launched in 2005. European Union

Who will spearhead Biden's climate, energy and agriculture policies?- oil and gas 360

Who will spearhead Biden’s climate, energy and agriculture policies?

Reuters WASHINGTON  – President-elect Joe Biden has vowed an overhaul of U.S. energy and environment policy to fight climate change, with a goal of bringing the economy to net-zero emissions by 2050. While the plan has yet to be clearly defined, it includes things like ramping up clean energy technology and usage, reducing dependence on fossil fuels, federal procurement of

Big carbon? Oil majors turn to nature to help plug revenue gap- oil and gas 360

Big carbon? Oil majors turn to nature to help plug revenue gap

Reuters LONDON – Oil companies such as BP and Shell are nurturing nature as a future revenue stream, betting on an expected rise in carbon credit prices as their fossil fuel profits ebb. BP last year put $5 million into Finite Carbon, a company that connects forestry owners with companies seeking to offset their climate-warming emissions via-tree planting. The Californian

Fossil fuels in Japan's power mix should be less than half by 2030, lawmakers say-oil and gas 360

Fossil fuels in Japan’s power mix should be less than half by 2030, lawmakers say

Reuters TOKYO – Fossil fuels should account for less than half of Japan’s mix of power sources in 2030, a group of ruling party lawmakers proposed on Wednesday as Prime Minister Yoshihide Suga aims to cut the nation’s greenhouse gas emissions to net zero by 2050. That would be sharply down from the 75.8% that fossil fuels such as coal

Petrobras, Equinor stake out opposite renewables strategies in Brazil- oil and gas 360

Petrobras, Equinor stake out opposite renewables strategies in Brazil

Reuters RIO DE JANEIRO  – Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce the carbon footprint of its oil extraction activities. Castello Branco has repeatedly said Petroleo Brasileiro SA, as the company is

China's CO2 emissions will be higher in 2020 than in 2019, says IEA's Birol- oil and gas 360

China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol

Reuters OSLO – China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday. “As of today, Chinese emissions this year, 2020, will be higher than in 2019, they rebounded,” Fatih Birol told a digital energy conference organised by Norwegian oil firm

EU drafts deal to upgrade 2030 climate change target next month- oil and gas 360

EU drafts deal to upgrade 2030 climate change target next month

Reuters BRUSSELS – The European Union has drafted a deal to curb greenhouse gas emissions by at least 55% by 2030, against 1990 levels, a target it hopes its 27 members will endorse at a summit next month, the document showed. If the Dec 10-11 EU leaders’ meeting approves the draft conclusions seen by Reuters, it could make the EU