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environment

Opinion

Peak oil and the opportunity for low carbon prospects

This week, BP projected that global demand for oil may have peaked in 2019 and that we shouldn’t ever expect demand to recover to pre-COVID-19 levels. On the face of it, BP’s analysis is stark, with global demand for oil reducing in all three of its scenarios over the next thirty years.

Other News

Nobel Peace Laureates: Save the Arctic, Save the Climate

In a powerful call for international action on climate change, a group of Nobel Peace Prize laureates recently sent a letter to the Heads of State who comprise the Arctic Council, urging them to protect our climate and the Arctic from oil and gas exploration.

Other News

Environmental group raises fear over Statoil spill

An environmental group in Norway is reportedly threatening to file a police complaint against Statoil following an oil leak in the North Sea. The company announced yesterday an oil spill had been discovered during the loading of oil from the Statfjord A platform tanker.

Markets

Budget 2015: UK ‘out of step’ on environment

The UK is “out of step” with the times, environmental campaigners warned after a Budget that was lacking in measures to tackle climate change. In the run up to crucial international talks in Paris, at which it is hoped a new climate treaty can be agreed, the only mention of the issue in George Osborne’s speech was on removing the climate change levy exemption for renewable power. The Treasury said the removal of the exemption, which allows businesses not to pay the environmental tax levied on energy if it has come from renewable power, would prevent tax-payers’ money benefiting clean electricity generated abroad.

Oil & Gas

Total backs trio of climate change schemes

French oil giant Total is set to support a trio of initiatives which aim to tackle climate change. The company said it is consolidating its efforts by supporting three schemes backed by the Global Compact, the World Bank and the Climate and Clean Air Coalition (CCAC). Total backed the United Nation’s Global Compact’s call for companies “to factor” an internal carbon price into their investment decisions.

Oil & Gas

University joins carbon capture partnership

A Scottish university has joined the largest carbon capture and storage (CCS) research partnership in the UK. Scientists from the University of Strathclyde will join fellow researchers within the Scottish Carbon Capture & Storage (SCCS) partnership, providing expertise in areas including carbon dioxide transport and environment impact analysis.