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...The report came after oil companies including Shell and BP trimmed back their climate targets this year and hundreds of other companies, including Microsoft, Unilever and JBS, failed to set goals that were...
...“Accepting funding from fossil fuel companies validates the industry at a time when it is threatening the future viability of life on earth, including by developing new oil and gas infrastructure,” said...
...OECD countries have held a second round of closed-door talks in Paris to debate proposals by the EU and UK to cut off most export credit agency loans and guarantees for oil, gas and coal mining projects,...
...This includes the CPC pipeline carrying oil from Kazakhstan through Russia to the global market. Western companies including ExxonMobil and Chevron use the pipeline, which Moscow briefly shut in 2022....
...Yet, since before COP28’s agreement to move away from fossil fuels, oil and gas companies have been telling a different story, full of sound and fury, of the demise of the clean energy transition....
...This figure accounted for 80 per cent of its financing for “pure play” oil and gas-focused companies....
...The bloc has banned Russian oil and coal imports and the commission has proposed ending all fossil fuel imports from Russia by 2027....
...major energy companies — from BP to ExxonMobil — on energy trends over the coming decades....
...“But alas, [crude] prices will go up if there is a market supply shock and that will probably transmit itself back to US drivers as higher fuel prices — global market and all that.”...
...“If you talk to the oil people they are going to say the only way we can meet this energy demand is to use fossil fuels, but many of the customers of these data centres have made net zero CO₂ commitments...
...roads and public transport....
...In that case, new supplies will be redundant, and as organisations like Carbon Tracker have pointed out, fossil fuel companies that overinvested in new supplies will face financial losses and eventual bankruptcy...
...Big Oil used an industry conference this week to argue against a rapid transition to green energy, as fossil fuel companies are emboldened by high demand and record profits despite rising alarm over climate...
...Van Beurden spent 39 years at the oil major. Daniel Berenbaum joins US fuel cell company Bloom Energy as chief financial officer, succeeding Greg Cameron....
...But it is also at the heart of one of the biggest challenges facing whoever forms the next government: making far greater inroads in the country’s shift away from fossil fuels, while boosting growth and...
...The OGCI report focuses on the group’s engagement with national oil companies and joint venture partners with extensive fossil fuel infrastructure and the use of satellite monitoring through its partnership...
...US oil and gas production under his presidency has outstripped that of any country in history....
...It also trimmed its growth forecast for 2025 to 1.1mn b/d, citing greater fuel efficiencies and more electric vehicles as a drag on oil growth....
...The latest Houthi attack — on a vessel working for commodities trader Trafigura in the Gulf of Aden — has pushed up fuel tanker rates and diesel prices, with shipping executives and oil market analysts forecasting...
...Now, some of the world’s biggest oil, gas and coal producers are publicly calling for a phaseout of all fossil fuels....
...Members of the group include France’s TotalEnergies and Engie, US energy exporter Sempra Infrastructure and four Japanese energy companies, including Mitsubishi....
...The oil major added that demand for natural gas “has peaked in some regions and globally is set to peak after 2040”. LNG is natural gas liquefied by cooling it to minus 162C....
...Recent proposals from analysts and think tanks include introducing a controversial “road pricing” tax, where drivers would pay to use certain roads at different times of the day, and shifting the structure...
...BP’s latest green growth push comes as activist investor Bluebell Capital Partners calls on the company to abandon its green commitments and increase production of fossil fuels....
...to promote fossil fuels....
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