Vitol sees shift from oil to power
Trader Vitol sees its future in lying in the power sector, in a marked shift away from its oil roots.
ESG
Neptune Energy among the best for ESG and credit ratings, according to research body
Neptune Energy has been ranked among the best exploration and production (E&P) firms for environment, social and governance (ESG) and credit ratings.
Climate crisis: Investors weigh up impact on oil and gas
As oil and gas faces a rise in climate activism, ESG concerns, and the need to raise its own profile as a pillar of the energy transition, investors are weighing the impact.
Now more than ever, business leaders must get ESG reporting right
Recently I was briefing one of my fellow colleagues at KPMG ahead of a meeting with a Government Minister. He asked me about ESG reporting and as I marshalled my thoughts it came home to me just how critical reporting really is to progressing this agenda.
Energy transition must be equitable for Africa
Tackling Africa’s energy access problems requires those involved to think of the entire system, rather than focusing simply on renewables.
Big oil’s ‘problematic’ ESG claims alienate some investors
As companies across virtually all sectors try to latch on to the sustainability bandwagon, some investors are sounding the alarm.
NOCs talk up ESG, attractiveness amid industry pressure
NOCs are not immune from the challenges posed by changing attitudes to energy, driving shifts to enter new business areas and operate more efficiently.
BlackRock takes GasLog off the market
BlackRock’s Global Energy & Power Infrastructure (GEPIF) will acquire all publically held shares of GasLog, taking the LNG carrier private.
2020 a most productive and unusual year for electrolyser maker ITM
Concerns about the UK’s ability to make the most of the energy transition’s enormous economic opportunities are well founded.
ESG as differentiator for SDX, rather than greenwash
SDX Energy is working on the implementation of an ESG strategy, which can do good while also acting as a differentiator from its peers.
Wood hires ‘sustainable development powerhouse’ behind UN initiative
Aberdeen-headquartered Wood has announced the hire of “sustainable development powerhouse” Ann Rosenberg to help the firm drive its environmental ambitions.
Russian sustainability scores rise, but climate goal still lags
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.
Norway considers taking more activist role in future of Equinor
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.
Britain’s business chiefs can lead from the front on climate change and sustainability
As the UK prepares for a potential second national lockdown, it’s forgivable that some people might argue ‘now is not the time’ to address climate change and the wider ESG agenda. In my view, the challenges we’ve all faced over the last year reinforce the need for the business community to take action right now and lead from the front.
Seplat swings into action over water well problems
Seplat Petroleum has investigated reports of hydrocarbons in some Delta State water wells and is providing assistance to locals.
Africa on the rise
The energy sector in Sub-Saharan Africa faces numerous challenges, but there is also an increasing sense of urgency and opportunity for the development of the industry on the continent.
Response, resiliency and recovery
Short-term pain, long-term gain.
Chariot cuts costs while touting Moroccan plans
Chariot Oil & Gas has cut its running costs by around 45% while continuing to seek a partner for its Moroccan gas project.
Responsible investing in the energy sector
Disruptive environmental protests from activists like Greta Thunberg and groups such as Extinction Rebellion have dominated the news headlines of late, and with increased government scrutiny on corporate ethics, we are seeing a clear cultural shift when it comes to environmental, social, and governance (ESG) factors.
For all the talk about ESG investing, nobody knows what it means
Sustainable investing has become one of the buzziest trends sweeping Wall Street. There are now dozens of conferences organized around the topic. Consulting firms and private foundations are spreading the gospel. Trillions of dollars are piling in.
Africa’s No. 1 Bank Commits to Disclosing Fossil-Fuel Exposure
FirstRand Ltd, Africa’s biggest bank by market value, has committed to disclosing its fossil fuel-related assets and lending but said it can’t meet a deadline requested by some investors.