Reuters LONDON – Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative – dubbed the Net Zero Standard for Oil and Gas – details 10 required standards to help money
Reuters HOUSTON- Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers. The largest U.S. oil company, under pressure from investors and environmentalists to address climate concerns, follows shale producers including EQT Corp in
CNBC The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the wake of the coronavirus pandemic. The Sustainable Recovery report, published Thursday, is designed to present world leaders with cost-effective measures that could be implemented from 2021 through to 2023. It sets
CNBC The coronavirus crisis will likely lead to the largest ever decline of global carbon emissions on record, according to research from Goldman Sachs, illuminating the potential for a long-term low carbon recovery. The Covid-19 outbreak has meant countries around the world have effectively had to shut down, with many governments imposing draconian restrictions on the daily lives of billions
Reuters LONDON – Europe’s top oil and gas companies, which account for roughly 7% of global crude consumption, have committed themselves to greenhouse gas emission reduction targets which vary in scope, timelines and detail, making them hard for investors to compare. Graphic: European oil companies – share of global consumption – here And what does this mean, say, for
Forbes As he rises in the polls and publicity, it is important to examine the implications of Michael Bloomberg’s energy and environment policy. Is it feasible? How would it impact the US economy? What would it mean for the bank accounts of Americans? What would it mean overall to our greenhouse gas emissions and the environment? Since Bloomberg has not
Houston Chronicle The world’s largest oilfield service company plans to join a United Nations-sponsored program to reduce greenhouse gas emissions. In a Thursday afternoon statement, Schlumberger reported that it plans to join Science Based Targets, an emission reduction program sponsored by the U.N. Global Compact program, the London-based Carbon Disclosure Project, Washington, D.C.-based World Resources Institute and Switzerland-based World Wildlife
Oil and gas sector leading the way emissions technology investments from 2000 to 2014 Since 2000, the oil and gas industry has invested more capital in carbon emission technologies than the automotive, electric utilities and agriculture processor sectors combined, according to a new study commissioned by the American Petroleum Institute (API). From 2000 to 2014, the oil and gas industry has
“Energy prices touch everything we do.” Listen to the interview Wyoming is the most energy intensive state. It’s the largest U.S. coal producer, producing about 40% of total coal mined per year in the U.S. It’s the country’s eighth most productive oil state, and it’s sixth in natural gas production. This week Oil & Gas 360® had an opportunity to talk
In the context of a new climate change summit in Beijing, the U.S. and China have signed eight partnership pacts to promote the exchange of research and technology for greenhouse gas-cutting initiatives, the International Business Times reported. “In one of the agreements, China’s Huaneng Clean Energy Research Institute, a subsidiary of the state-owned utility China Huaneng Group (ticker: HNGZ:CH), agreed
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