Browsing Tag
Fossil Fuels
22 posts
ESG funds suffer major outflows amid Trump administration’s policy shift
ESG exchange-traded funds (ETFs) have faced significant investor pullback in the first 100 days of the Trump administration,…
Chevron’s Gorgon plant awarded carbon credits despite rising emissions
Australia’s largest industrial emitter, Chevron’s Gorgon gas export facility in Western Australia, received hundreds of thousands of carbon…
Legal & General opposes BP Chair’s re-election over net zero u-turn
Legal & General Investment Management (LGIM), one of the UK’s most influential institutional investors, has declared it will…
Trump issues executive order targeting state climate laws
U.S. President Donald Trump has signed an executive order aimed at blocking the enforcement of state-level legislation designed…
Clean energy surpasses 40% of global electricity mix: Ember report
More than 40% of the world’s electricity in 2024 was generated from non-fossil fuel sources, according to a…
Global energy demand surges in 2024 amid rising electricity use, IEA finds
Global energy demand rose sharply in 2024, outpacing the average growth rate of the past decade, as electricity…
Aviva investors abandon climate divestment pledge
Aviva Investors has scrapped its flagship commitment to divest from companies failing to curb carbon emissions, in a…
SMFG first Japanese bank to withdraw from global climate banking alliance
Sumitomo Mitsui Financial Group Inc. (SMFG) has become the first Japanese bank to exit the Net-Zero Banking Alliance…
HSBC’s new sustainability chief urges banks to rethink fossil fuel policies
HSBC Holdings Plc’s newly appointed head of sustainability has called for a shift in the banking sector’s approach…
BP scales back renewables investment, increases focus on oil and gas
BP has announced a strategic shift, cutting investment in renewable energy while increasing spending on oil and gas…
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