Monday, December 23, 2024
Oil giants including Exxon set first joint carbon target- oil and gas 360

Oil giants including Exxon set first joint carbon target

Reuters LONDON – A group of the world’s top oil companies, including Saudi Aramco, China’s CNPC and Exxon Mobil, have for the first time set goals to cut their greenhouse gas emissions as a proportion of output, as pressure on the sector’s climate stance grows. But the target, set by the 12 members of the Oil and Gas Climate Initiative

BlackRock cast tougher climate votes, environmentalists want more- oil and gas 360

BlackRock cast tougher climate votes, environmentalists want more

Reuters BOSTON – BlackRock Inc (BLK.N) released figures showing it took a tougher stance on climate matters in the springtime proxy season, though it drew criticism from environmentalists claiming the top asset manager failed to back up its recent emphasis on the area. BlackRock of New York said in a report on Tuesday that it voted against management at 53

After the Bushfires and Amid the Pandemic, Australias Fossil Fuel Industry Is Gaining Steam

After the Bushfires and Amid the Pandemic, Australia’s Fossil Fuel Industry Is Gaining Steam

Jacobin Oil & Gas Publishers Note: There are some key takeaways from this article from Zacharlas Szumer in Australia. The country was devastated by wildfires, then Covid, and now on to recovery. They are undergoing a typical “push-me-pullu” (Spelling from Dr. Doolittle?) The fossil fuel vs the green and renewable market place. If jobs for Australians is critical,  green energy

Dominion points to ESG as key factor in decision to off-load gas assets -oilandgas360

Dominion points to ESG as key factor in decision to off-load gas assets

S&P Global Oil & Gas 360 Publishers Note: We have been seeing that ESG is being tied to capital, investor confidence, and public opinion. We also see that if you do not have a well articulated ESG program you (as a corporation) may not survive in this current business environment.  Contact Dan Genovese at dgenovese@enercominc.com for questions on an ESG

U.N. chief urges end to coal financing to spur clean energy shift- oil and gas 360

U.N. chief urges end to coal financing to spur clean energy shift

Reuters LONDON – United Nations Secretary-General Antonio Guterres urged countries on Thursday to stop financing coal and pledge not to build new coal-fired power plants to enable a shift to clean energy. He spoke at a virtual clean energy transition summit of 40 countries representing 80% of energy use and greenhouse gas emissions. They discussed steps to buoy economies, cut

Steamy showers Australian Instagram influencers post on behalf of natural gas- oilandgas360

‘Steamy showers’: Australian Instagram influencers post on behalf of natural gas

The Guardian Oil & Gas 360 Publishers Note: I found this as another interesting example of how strong the loyalties movement for the renewable markets can be. As an opinion piece from The Guardian, we like to post both sides to the discussion, and this has points on both sides of the fossil fuel debate I found interesting.  Former reality

Why Central Banks are talking up the importance of climate change action — and pouring money into fossil fuels- oil and gas 360

Why central banks are talking up the importance of climate change action — and pouring money into fossil fuels

Forbes Last year, central bank chiefs in the US and Europe for the first time widely embraced the necessity of taking action on climate change. Christine Lagarde, the new head of the European Central Bank (ECB), vowed during her confirmation hearings in September to make climate change a “mission critical” priority. Mark Carney, the former Bank of England chief, in December called for a

German hydrogen economy to spark traded market for imports: consultants- oil and gas 360

German hydrogen economy to spark traded market for imports: consultants

Reuters FRANKFURT  – Germany’s push to increase the use of hydrogen as a clean fuel to meet climate targets will require imports and a traded market to supplement home-produced supplies, a consultancy close to protagonists in the emerging industry said. “There will have to be a mix of domestic and foreign hydrogen volumes, depending on where the cheaper source is,”

Wind -oilandgas360

EU defines green investments to boost sustainable finance

Modern Diplomacy To boost the shift towards eco-friendly investment the EU is introducing rules to define what qualifies as green or sustainable activities. During the June plenary session, MEPs will vote on a framework that determines which activities can be considered sustainable. This would establish a common classification system across the EU, provide business and investors with clarity, and encourage

Floating Windfarm - oilandgas360

Inventor of Wind Turbine Is Trying to Harness Unlimited Power

Financial Post Oil & Gas 360 Publishers Note: Ok now I am interested, looking for the next floating wind farm. Call me a skeptic, and we can see it when the tide comes in. Will the blades be recyclable, and what is the life span?  (Bloomberg) — The turbine inventor Henrik Stiesdal is small in the shadows of gigantic curves