Companies

Is a new UK LNG partnership with the U.S. worth the paper it is written on?

Two patches of oil-producing acreage operated by PetroEcuador in the Amazon jungle of eastern Ecuador shed light on the growing political and environmental risks of extracting fossil fuels that account for the bulk of the country’s export revenue.

Critics say the new windfall tax in Italy could slow energy transition efforts and ultimately undermine national decarbonisation targets.

A group of major investors led by activist shareholder Follow This have filed climate resolutions at four Big Oil companies.

Brazil’s president-elect Luiz Inácio Lula da Silva wants to reassert some form of state control over motor fuel prices and steer state-run Petrobras back into refining, but analysts say he will have limited political and economic scope for major near-term fossil fuels policy changes.

Critics say the oil major is prioritising short-term profits over long-term global net zero goals.

London-based think tank Carbon Tracker and San Francisco-based NGO Global Energy Monitor have jointly launched a Global Registry of Fossil Fuels which they say is the first public database to account for fossil fuel production and reserves worldwide.

Despite claims of blue hydrogen as a climate solution, experts warn it has technical and economic problems.

Analysis carried out by independent thinktank InfluenceMap has found that there is a mismatch between major oil companies’ communication strategies to portray themselves as green and the companies’ plans for capital investment, which are still geared towards fossil fuel projects.