In the last month alone, major players within the fossil fuel industry – “big oil” – have made some big announcements regarding climate change. BP revealed plans to reduce its greenhouse gas emissions by acquiring additional renewable energy companies. Royal Dutch Shell defended its US$1-US$2 billion green energy annual budget. Even ExxonMobil, until arcticBig OilbpConoco PhilipsExxonFossil FuelsShell Read More
In a move demonstrating its commitment to tackle the threats posed by climate change, New York’s Mayor Bill de Blasio has announced plans to divest the City’s USD 189 billion pension funds of fossil fuel assets.
The latest announcement is part of a growing international trend to divest from fossil fuels blasiobpchevronConocoPhillipsdivestmentExxon MobilFossil FuelsShell Read More
The oil and gas industry is in a transitional phase. The sector is under increasing pressure in the US and abroad to reduce its carbon footprint. It’s also facing significant cost pressure as low energy prices persist.
Shell’s chief energy adviser Wim Thomas recently said the global oil oversupply, which has 1.5 degreesBAUBrent Gilescarbonclimate changeCOP21EnergyFossil FuelsIndustryoil & gasparis agreementShellWim Thomas Read More