climate change Archives - Page 7 of 32

Biden expected to announce executive action on climate Wednesday

July 20, 2022

World Oil (Bloomberg) — President Joe Biden will announce executive action to address climate change Wednesday, as he continues to weigh a broader emergency declaration that would allow him to marshal sweeping powers against “global warming.” The potential emergency order that Biden is mulling would unlock broad executive powers to propel clean-energy construction, restrict oil drilling and curb fossil fuel

Google and Chevron invest in nuclear fusion startup that’s raised $1.2 billion

July 19, 2022

CNBC Google and Chevron are part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion. Nuclear fusion is often referred to as the holy grail of clean energy because of its promise of generating nearly unlimited emission-free energy without the equivalent harmful, long-lasting radioactive waste

Energy investor: Shale drillers must speed up climate pledges

July 18, 2022

World Oil Publisher’s Note: Civitas Resources will be participating at EnerCom Denver-The Energy Investment Conference on August 7-10, 2022. Register to attend. (Bloomberg) — More U.S. shale producers should aim for net-zero emissions, while drillers that have already made climate pledges need to set more aggressive timelines to reach their goals, according to investor Kimmeridge Energy Management. The U.S. oil

Solar stocks sink as Senator Manchin says he won’t support climate bill

July 15, 2022

CNBC Solar stocks tumbled Friday after Sen. Joe Manchin said he will not support increased spending to address climate change, according to NBC News, citing a Democrat briefed on the conversations. The Invesco Solar ETF, which tracks the industry, fell more than 7% at one point. By 1:40 p.m. on Wall Street some of those losses were recovered, with the fund

Initiative launched to rank corporate climate claims using carbon offsets

June 7, 2022

Yahoo News LONDON – A consultation for a global standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits launched on Tuesday, seeking to bring transparency to an unregulated market. Many global companies such as Shell and Easyjet have set net zero emission targets, saying they would need to buy or generate

Exxon shareholders back board and vote no to faster carbon emission cuts

May 25, 2022

Nasdaq HOUSTON- Exxon Mobil Corp XOM.N shareholders on Wednesday backed the energy company’s climate strategy, voting against supporting a resolution filed by activist group Follow This urging faster action to battle climate change. Shareholders approved, in the preliminary voting session, a proposal for the company to create a report on scenario analysis for climate change.

TotalEnergies agrees to buy 50% of U.S. renewables company Clearway

May 25, 2022

Yahoo Finance PARIS – TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group’s largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said the acquisition

Chevron says world’s largest carbon capture project has ‘a ways to go’ to meet goals

May 16, 2022

US News MELBOURNE – Chevron Corp’s Gorgon carbon capture and storage (CCS) project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe for delivering on targets it has so far failed to meet, a senior executive said. The world’s largest CCS project, which started up three years late,

Big Oil braces for shareholder revolt over climate plans in proxy voting season

May 11, 2022

CNBC LONDON — Some of the world’s largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike throughout the proxy season. Oil and gas majors on both sides of the Atlantic are scheduled to hold their annual general meetings in the coming weeks. Existing climate strategies are up for votes alongside a

Deals shifting oil, gas assets away from climate committed firms on the rise, report says

May 10, 2022

Nasdaq LONDON – Deals in which oil and gas assets move from companies with climate goals to companies without such goals are on the rise, according to a study by the U.S. non-governmental organisation Environmental Defense Fund. A company shifting polluting assets from its balance sheet by selling them can claim a better climate scorecard, but if assets land

Energy transition still means billions in fossil-fuel investment

April 21, 2022

World Oil (Bloomberg) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The U.S. and European countries are planning liquefied natural gas terminals that will be in service for decades.

Canada climate goals set high hurdle for Suncor oil sands mine extension

April 19, 2022

Yahoo Finance CALGARY, Alberta – Canada is favouring oil projects with lower carbon emissions per barrel to help meet its climate targets, a strategy that may block Suncor Energy’s plan to expand bitumen mining to feed its key oil sands operations. On April 6, Canadian environment minister Steven Guilbeault warned Suncor in a letter that its proposed 225,000 barrel per

Premium Content