Banks still pumping billions into oil and gas despite net zero pledges
Europe’s biggest banks are still pumping billions into the oil and gas sector despite signing up to a landmark net zero initiative.
BNP Paribas
Incentivising the hydrogen switch
With any energy transition, there is a need to bring about wholescale change, from the up, to the mid and the downstream.
Industry experts call for hydrogen incentives during inaugural session in Energy Voice series
Industry leaders have urged governments to put incentives in place to speed up the deployment and uptake of hydrogen.
French banks disavow Total’s EACOP plans
Three French banks have committed not to provide project financing for the Total-led East African Crude Oil Pipeline (EACOP).
Transition to renewable energy at risk in Asia Pacific
Over the past five years, the Asia Pacific region made up over three-quarters of global power demand growth, and led the world in wind and solar capacity installations.
BNP Paribas, Glennmont Partners and EIC on Financing the Energy Transition
If we are to stick within the Paris targets, the OECD estimates that $70 trillion of investment in decarbonisation will be needed over the coming decade. This begs the trillion dollar question; where’s the cash going to come from?
PEPA denies environmental risks, considers legal action
Petroleum Exploration and Production Africa (PEPA) has defended its work in Congo Brazzaville, following a condemnatory report from Global Witness and others.
Glencore lines up to take FAR’s Sangomar crude
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
EON hires BNP Paribas to sell $1.1bn Czech retail business
EON has hired BNP Paribas to help sell an energy supplier in the Czech Republic it’s gaining as part of its pending takeover of rival Innogy, people with knowledge of the matter said.
Women in sustainable finance – How to make it in the green economy
Female leaders share their advice for considering a career in sustainable finance
BNP among banks facing $172million loss after Suttie’s First Oil fails
BNP Paribas SA and its partners in a Scottish energy loan are staring at a loss of 122 million pounds ($172 million) after entrepreneur Ian Suttie’s venture went bankrupt, illustrating the wreckage banks are likely to face from the oil bust.
BNP Paribas pulls out of US energy business
BNP Paribas is said to be pulling out of a US energy business for the second time in four years after plunging oil prices.
Oil slides more than 2% after Goldman Sachs cuts forecasts
Oil prices fell more than 2% today after Goldman Sachs cut its crude forecasts, citing global oversupply and concerns over the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.