Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Fossil fuels drive the companies’ near-term returns, but failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability. The oil and gas industry now …
Berkeley this week became the first city in the United States to ban natural, fossil gas hook-ups in new buildings. The landmark ordinance was passed into law on Tuesday, after being approved unanimously by the city council the previous week amid resounding public support. Although Berkeley may be pushing the …
The International Energy Agency has launched a new online tool that tracks oil and gas-related sources of methane, a major and often overlooked greenhouse gas. The new “methane tracker” offers the most comprehensive global picture of methane emissions, covering eight industry areas across more than seventy countries. This new and …
The former archbishop of Canterbury Rowan Williams has welcomed an “urgent change” by Cambridge University, after it agreed to provide fully costed plans setting out how it could divest multibillion-pound endowments from fossil fuel corporations. The university’s management accepted a motion, known as a grace, which urged Cambridge to “set …
UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline. That’s according to a new report from Oil and Gas UK (OGUK), which suggests momentum is again building around exploration activity, with up to 15 exploration wells expected in …
They aim to reduce emissions from upstream operations to below 0.25% by 2025. Thirteen of the world’s biggest oil and gas companies have agreed a first collective target to reduce methane emissions. They have announced a goal to cut methane intensity from their upstream oil and gas operations to below 0.25% by 2025. …
The carmakers allegedly held meetings where they discussed clean technologies to limit harmful car exhaust emissions. The technologies aim to make passenger cars less damaging to the environment The Commission will assess if the companies colluded to limit the development and rollout of certain emissions control systems It aims to …
