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.
Countries have pledged to increase their greenhouse gas emission cuts, boost renewables, plant trees and end coal power at a UN summit to drive climate action.
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.
As we head into the autumn with renewed uncertainty on how the coronavirus pandemic will manifest, and continued concerns for our families, our community, our businesses and the economy it is a constant reminder that change is the norm like never before.
BP has said it "will not rule out further exploration at all" in the North Sea, despite a pledge to cut global oil production by 40% within the decade.
The UK government must bring forward by a decade its ban on the sale of the most polluting cars if it wants to even come close to its climate change goals, new analysis showed.
DNO’s Peshkabir gas capture and injection project, in Kurdistan, has launched and already captured 1 billion cubic feet of gas injected, in a major move to reduce emissions.
Shell and Total are being urged to put their money where their mouth is after a new report showed the pair are still investing much more in hydrocarbons than renewable energy.
DNV GL has launched an international industry consortium in collaboration with Dutch glass production expert company Celsian to develop the technology required for a gradual transition from natural gas to hydrogen as a fuel in energy-intensive industrial production processes.
Shell's North Sea boss has said firms will be “very rapidly” challenged by the economics of reducing emissions, calling for collaboration, government and regulatory support.
BP ventures has invested $5 million in a cloud-based geospatial analytics software company that monitors environmental changes, including methane emissions.
Energy sector leaders have welcomed the UK Government’s intention to replace an EU emissions-busting scheme with its own version which “goes further” on reductions.
Australia is seeking to cut emissions in one of the world’s biggest per-capita polluters by encouraging oil firms including Chevron Corp. and Woodside Petroleum Ltd. to invest in carbon-reduction projects.
Opex Group has launched a new data science service which it claims could deliver large cuts to carbon dioxide emissions from oil and gas firm’s operations.