Europe
The climate litigation victory is significant for a country that has been warming at more than twice the global rate in recent years.
The move comes as experts warn of a growing “reputational risk” for institutions like Cambridge University if they collaborate with oil and gas companies.
A new report finds that EU levies on imported methane could help clean up gas operations, but may also lead to a two-tiered global LNG market.
The Trafigura-Greenergy deal highlights the growing importance of biofuels in the UK and European landscape, experts said.
The UK government said in February that the country will leave the Energy Charter Treaty (ECT) after the failure of efforts to align it with net zero, joining nine EU Member States including France, Spain and the Netherlands.
Critics say the EU's new emissions reduction strategy focuses too heavily on unproven carbon capture technologies.
A new report warns that the continent is investing far too much in LNG import terminals that will go under-utilised as gas demand continues to decline.
The call comes amid the rapid expansion of German LNG import capacity in the wake of the Ukraine war.
The Netherlands wants to achieve 21 GW offshore of wind capacity by the end of 2031, a target deemed ambitious yet achievable. All eyes are now on the country’s next offshore wind tender which will take place at the end of February.
The landmark legislation will require companies to measure and quantify both their source- and site-level EU methane emissions for the first time.
A group of 27 investors, including Europe’s largest asset manager, have filed a shareholder resolution that calls on Shell to align its operations with the Paris Climate agreement.
A landmark EU deal this week to impose methane emissions limits on oil and gas imports into Europe should spur global action at COP28.
The residents of the Spanish town of Ferrol have lived for years in the shadow of an LNG terminal, but a growing body of research suggests such infrastructure poses a health risk to communities like theirs – which should serve as a wake-up call as we brace ourselves for major build-out of LNG in Europe.
Repsol said the flow of cash will help its strategic goal of investing 35% of its capital expenditure, or 5.5 billion euros, in low carbon projects in the 2021-2025 period.