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China’s greenhouse gas emissions up 50% during 2005-2014
July 16, 2019
Source: Reuters

China’s greenhouse gas emissions up 50% during 2005-2014

Chinese environment ministry has revealed that greenhouse gas emissions hit 12.3 billion tonnes in 2014, an increment of 53.5% from 2005. The United Nations Framework Convention on Climate Change requires Beijing to submit an official inventory to the UN on a systematic basis. Although the country has pledged to show “the highest possible ambition”, it is also looking to bring its total emissions to a peak by “around 2030”.

"Civil society is being misled to believe oil is the cause of climate change": OPEC
July 3, 2019

"Civil society is being misled to believe oil is the cause of climate change": OPEC

OPEC's secretary-general, Mohammed Barkindo, has referred to the climate change campaigners as "perhaps the greatest threat to our industry going forward". Barkindo was seemingly referring to the ongoing school strikes inspired by Swedish teenager Greta Thunberg's "Fridays for Future" movement. Barkindo continued to say, "Civil society is being misled to believe oil is the cause of climate change".

Legal & General start divestment, pressure builds up on Exxon
June 24, 2019
Source: Energy Voice

Legal & General start divestment, pressure builds up on Exxon

One of the largest shareholders of Exxon, Legal & General Group Plc is not satisfied with the company's stance on climate change. As a result, it has liquidated 19 of its funds from the company. Although the oil investor only owns about 0.6% of the company, so the divestment might not affect Exxon much but it will surely create immense pressure on the Irving, Texas-based firm.

Greenpeace ends the standoff with BP
June 21, 2019
Source: Energy Voice

Greenpeace ends the standoff with BP

Climate group, Greenpeace has ended a 12-day standstill with oil supermajor BP. Greenpeace had forced BP-contracted Transocean drilling rig to cancel on its journey to Vorlich field several times over the past week. With the campaigners blocking the track with an icebreaker ship and two inflatable launches, BP suffered a loss of over £1.5 million.

Arrests drive more Greenpeace activists aboard BP drilling rig
June 15, 2019
Source: Reuters

Arrests drive more Greenpeace activists aboard BP drilling rig

Protests from Greenpeace activists continue at Transocean’s drilling rig on Friday to prevent it from heading to a BP oilfield in the UK North Sea. A statement released by Greenpeace read how police had removed and arrested two Greenpeace activists on Thursday night. Friday saw another couple of Greenpeace activists climbing up a leg of the rig. BP has said that it is coordinating with Transocean and Scottish police.

Equinor’s report claims more needs to be done for climate protection
June 7, 2019

Equinor’s report claims more needs to be done for climate protection

Equinor’s report “Energy Perspectives” reveals that global climate action by energy companies to keep global warming below 2°C is not enough. The ninth edition of the report offers a global review of possible developments in the energy market towards 2050. Further, it focuses on the opportunities and challenges related to sustainable development while meeting global energy demands.

BP's annual shareholder meeting disrupted by climate protestors
May 22, 2019
Source: Reuters

BP's annual shareholder meeting disrupted by climate protestors

Oil and gas group, BP's annual shareholder meeting on Tuesday was disturbed by the protestors. “this is a crime scene” was the frequent noise disrupting the meeting. Shell, on the other hand, has been praised by the investors for its recent emissions policies. Both the companies are working with the shareholders to meet the 2015 Paris climate agreement. BP's overall carbon emission were the highest in 2018 in six years.

Mitsibushi plans to offer $1.4 billion help to Chiyoda
May 6, 2019

Mitsibushi plans to offer $1.4 billion help to Chiyoda

One of the world's leading LNG plant builders, Chiyoda Corp has been hit by a hurricane at its Cameron LNG project in Louisiana. This has made the Japanese trading house Mitsubishi Corp and MUFG Bank decide to help rescue the plant engineering company. The firms will assist Chiyoda with a $1.4 billion lifeline. Mitsubishi has 33.4% stakes in Chiyoda and has saved the company twice in the past.

Equinor pledges to support 2016 goals of Paris Agreement
April 25, 2019

Equinor pledges to support 2016 goals of Paris Agreement

Equinor has assured its support to the goals of 2016 Paris Agreement. The company said, "Equinor is committed to playing an active and positive role in society’s decarbonisation through engagement, technology, operations, innovation and investments. Our activities do not include direct engagement with end users of products". It has informed about its climate change targets through a statement prepared jointly with other investors participating in the Climate Action 100+ initiative.

Follow This withdraws climate resolution of 2019
April 8, 2019
Source: Energy Voice

Follow This withdraws climate resolution of 2019

The steps taken by Shell to reduce carbon footprint has made an investor group "Follow This", withdraw its filing for 2019. Initially, the activist shareholder filed climate change resolutions for three years in order to pressurise Shell. Follow This' founder informed that after “intensive discussions with the investors who have voted for our resolution in the past”, the company has decided to pull back its filing.

Exxon slammed with lawsuit over climate change
Oct. 25, 2018
Source: Energy Voice

Exxon slammed with lawsuit over climate change

Supermajor, ExxonMobil has been slammed with a new lawsuit by the New York Attorney General. The lawsuit alleges Exxon of misleading investors about its readiness to overcome the financial challenges posed by climate change to their business. The suit follows a three-year legal fight against Exxon. Spokesman for Exxon, referring to the allegations as baseless, said that the New York AG’s office is yet to find any evidence against Exxon.

Exxon quits ALEC
July 13, 2018
Source: Chron

Exxon quits ALEC

Exxon Mobil yesterday informed about discontinuing its membership of American Legislative Exchange Council (ALEC). Exxon had a public argument with ALEC last year over climate-change policy. Exxon's departure has come in light when corporate giants like Ford Motor Co. and Expedia Group Inc. have already departed the lobbying group, owing to ALEC's stance on climate rules, renewable energy and other issues.

Keynote speech at World Gas Conference gathering attention
June 27, 2018
Source: Think Progress

Keynote speech at World Gas Conference gathering attention

Energy Secretary Rick Perry delivered a keynote speech yesterday at the World Gas Conference 2018, organized in Washington. Perry, while addressing thousands of industry personnel from around the world, pushed natural gas as an environmentally friendly fuel amidst concerns raising over a study that found natural gas to be far more destructive to the climate than previously thought.

ExxonMobil to limit flaring to reduce emissions affecting climate
May 27, 2018

ExxonMobil to limit flaring to reduce emissions affecting climate

In an attempt to reduce emissions affecting the climate, ExxonMobil Corp. plans to reduce the amount of natural gas it burns by a quarter within two years. It is reported that the efforts shall be focused on oil wells off the coast of West Africa for in that region gas produced alongside crude is routinely burned – the process called flaring – because there’s no way to haul it to markets.

GHG levels of Britain fall as Coal fired plants plummet and investment in renewable increases
April 1, 2018

GHG levels of Britain fall as Coal fired plants plummet and investment in renewable increases

Latest data from the Britain government showed that Britain's GHG emissions fell by 3% from 2016 levels owing to decline in coal-fired power generation plants. Britain is the second largest heat-trapping gases emitter behind Germany. The report also revealed that Britain's GHG emissions have fallen 43 percent since 1990. A significant investment in renewable energy has resulted this drastic change.

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