Sunday, April 6, 2025
Global energy transition investment exceeded $2 trln last year, report shows- oil and gas 360

Global energy transition investment exceeded $2 trln last year, report shows

(Investing)– LONDON – Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. WHY IT’S IMPORTANT Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say the pace is not fast enough.

Low-carbon hydrogen is not cheap and needs support, says major energy organization- oil and gas 360

Low-carbon hydrogen is not cheap and needs support, says major energy organization

CNBC Low-carbon hydrogen isn’t “cost competitive with other energy supplies in most applications and locations” and the situation is unlikely to change unless there’s “significant support to bridge the price gap,” according to the World Energy Council. Published Tuesday, the analysis – which was put together in collaboration with PwC and the U.S. Electric Power Research Institute – raised the

Low carbon world needs $1.7 trillion in mining investment- oil and gas 360

Low carbon world needs $1.7 trillion in mining investment

Reuters LONDON – Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie.     The United States, Britain, Japan, Canada and others raised their targets on cutting carbon emissions to halt global

New York State pension fund restricts investments in Canadian oil sands companies- oil and gas 360

New York State pension fund restricts investments in Canadian oil sands companies

Reuters CALGARY, Alberta -New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s Comptroller Thomas DiNapoli said on Monday. The fund will divest more than $7 million in securities already held in the companies, and not make any further