Reuters LONDON – The Church of England’s pension fund has shifted 600 million pounds ($789 million) into a new equity index that invests in companies deemed to be making progress towards the targets of the Paris climate agreement. The index, created by FTSE Russell, includes oil producers Royal Dutch Shell and Repsol, but not others such as BP, Exxon Mobil
CNBC Global carbon emissions must fall by more than 7% a year for the next decade to meet targets set out by the Paris Agreement on climate change, the UN has warned. In an annual report published Tuesday, the UN Environment Programme (UNEP) said its outlook for climate change was “bleak,” adding that countries had “collectively failed to stop the
Reuters Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday. The Paris-based IEA, which advises Western governments on energy policy, said in its annual World Energy Outlook for the
