Jeremy Bowden

Replacing fossil fuels with clean to save trillions: Oxford study

Completely replacing fossil fuels with clean energy by 2050 would save the world trillions of dollars, according to a new study by Oxford University researchers.

Oil majors drag feet on renewables despite bumper profits

Most of the capex rises that have been announced this year will go to hydrocarbon rather than renewables investments.

Oil, gas majors fail to direct bumper profits to energy transition

BP saw record Q2 earnings on the back of high oil and gas prices but like its peers much of the surplus will go to share buybacks or dividends, with little extra ear-marked for energy transition projects or new oil and gas output.

Lower valuations for green firms spark transition growth

Lower valuations for green companies are creating opportunities for oil and gas companies to fulfil transition objectives through acquisition. Purchases are on the rise.

Renewables and hydrocarbons jostle for investors

Inflationary pressures are making investment in low carbon solutions more expensive, while ESG concerns mean many O&G companies are also avoiding an increase in hydrocarbon investment.

Oil and gas majors’ climate plans under scrutiny

Even burning just the oil, gas, and coal in existing fields and mines would far exceed the carbon budget for a 50% chance of staying below 1.5°C warming, a new report has found.

Japan struggles to focus on energy transition

Japan’s transition plans have been accelerated, including in response to the Ukraine war, but the immediate focus remains on securing dispatchable supply and keeping the lights on.

War-driven green transition stalls in Asia

While Europe is partly accelerating low-carbon programmes to wean itself off Russian energy in the light of the Ukraine war, the picture in Asia is more mixed, with many still associating reliable energy with fossil fuels.

Which countries are most exposed to energy transition costs?

As the energy transition gathers pace it is clear that there will be a cost, at least in the short- to medium-term, for all countries but especially for poorer, oil-rich and energy-intensive nations.

Is the rising cost of carbon offsetting a problem?

As prices rise and regulation tightens around voluntary carbon offsets, their use by oil and gas companies to meet net zero targets will become more of a challenge.