Browsing Tag
Fossil Fuels
20 posts
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…
Equinor cuts renewable investments, increases oil and gas production
Norwegian energy giant Equinor is halving its investment in renewables over the next two years while ramping up…
UK Prime Minister signals support for Rosebank oil project after court ruling
British Prime Minister Keir Starmer has indicated his government will not block the Rosebank oil and gas field…
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