US oil majors ExxonMobil, Chevron and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.
SSE has added another 53 new recruits to its ranks as it steps up ambitions to treble its renewable output and build the electricity network needed to deliver net zero.
Elon Musk became the richest person in the world by dramatically improving electric vehicles, pushing forward a technology that reduces carbon-dioxide emissions and slows global warming.
Former BP CEO Bob Dudley has said investors “need to have a little patience with the oil and gas industry” as it adjusts for the energy transition.
BP has made significant cuts to its oil exploration team, reduced to less than 100 people compared to a peak of over 700 before Bernard Looney's tenure, according to a news report.
The UK’s energy minister has reinforced that support for North Sea oil and gas is reliant on the sector “playing ball” in terms of decarbonisation.
A disconnect between Russia’s climate policies and the sustainability ratings of some of its biggest companies highlights the challenges investors face in assessing environmental, social and governance performance.
Dutch activist investor Follow This filed a climate resolution for BP Plc’s annual general meeting, having received support from the oil giant earlier this year. But the two parties were ultimately unable to agree on the final details in order to put forward the resolution together.
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments.
Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could force it to reduce its carbon footprint.
The Oil and Gas Authority (OGA) has today submitted a document to the UK Parliament, obliging the industry to support net zero targets.
The Scottish Government has been praised for “raising the stakes” in the fight against climate change after it published updated proposals to slash carbon emissions.
Exxon Mobil Corp. announced new emissions targets and plans to publish data on pollution stemming from its products just days after activist investors criticized the oil giant’s environmental record.
The largest political party in Norway is arguing that the state should take a more activist role in Equinor, sparking debate on how it will use its two-thirds stake in the oil giant going forward.
Boris Johnson pledged the deepest cuts in greenhouse gas emissions in the Group of 20 nations, aiming to put the U.K. in the vanguard of the fight against climate change.
Accountancy firm KPMG has launched a new specialist energy lead advisory practice with the aim of supporting clients through the energy transition.
Energy bosses have been served a “fresh wake up call” that the sector needs to accelerate progress to tackle climate change in order to attract top talent.
Westminster’s multi-billion pound plan for a “green industrial revolution” has been touted as a “welcome signal” of what the UK’s path to net zero may look like.
SSE, operator of the Peterhead Power Station, is facing backlash from various climate groups after being announced as one of the first sponsors of the COP26 summit in Glasgow.
UK businesses are facing an era of unprecedented disruption and transformation as a direct result of climate change.
Occidental Petroleum Corp. became the first major U.S. oil producer to aim for net zero emissions from everything it extracts and sells, accelerating an industry trend that’s become commonplace in Europe.
Just five of the 39 largest oil and gas companies have announced carbon-reduction targets that match levels needed to avoid a 2-degree Celsius temperature increase. And only 20 have taken initial steps to disclose how they plan to lower emissions produced by both their operations and electricity use, known respectively as Scope 1 and Scope 2.
President-elect Joe Biden plans to push for the most progressive climate policy the U.S. has ever had, aligning the world’s second-largest carbon emitter with a growing group of nations aggressively tackling global warming.
Scottish Conservative leader Douglas Ross will argue today that protecting North Sea oil and gas jobs should be prioritised over climate change targets.