Supreme Court

U.S. Supreme Court narrows federal agencies’ regulatory powers

The Supreme Court decision severely curtails the ability of federal agencies to regulate in areas of public health and the environment. Experts said the decision could ‘paralyse’ the ability to govern.

billionaire tax

Global billionaire tax needed to bridge climate finance gap: report

A new report commissioned by the Brazilian G20 presidency finds that a minimum ‘billionaire tax’ on the world’s wealthiest individuals could generate $250 billion annually.

oil majors

California wants to seize oil majors’ profits as climate damages

California amended a lawsuit it filed against five western oil majors last year, hoping to seize “ill-gotten” gains from climate deception and cover-up.

U.S. SEC finalises new climate disclosure rules

The climate disclosure requirements are far weaker than originally outlined by the financial regulator two years ago.

U.S. LNG

Biden steps up scrutiny of U.S. LNG, new projects risk delay

According to The New York Times, the Biden administration is set to announce a major review of how it permits new U.S. LNG projects, potentially delaying more than a dozen proposed facilities for a year or more.

Shell

Activist shareholders target Shell

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.

Group of Democrats call on Biden to scrutinize LNG exports

In a letter to the U.S. Department of Energy, dozens of members of Congress criticized the agency’s approval of so many new LNG projects. They called for more rigorous scrutiny, citing negative climate and economic impacts.

net zero emissions

Govt fossil fuel production on track to blow past climate targets

Many countries have promised to cut emissions dramatically by 2030 and achieve net zero emissions by 2050. But current plans have the world on pace to produce twice as much fossil fuels by 2030 than is compatible with climate targets.

IEA: Cuts to methane emissions from oil and gas essential for climate

The Paris-based International Energy Agency said that the fossil fuels sector is not doing enough to cut methane emissions from oil and gas. Rapid cuts would yield enormous climate benefits.

environmental impact

Many large firms not disclosing environmental impact: CDP

A campaign to pressure major companies worldwide to reveal their environmental impact says that 1,600 companies, including ExxonMobil and Saudi Aramco, are still not disclosing enough info to investors.

G7 nations

G7 nations issue support for gas as “temporary” solution

Climate activists blasted a communique from the G7 nations, which issued qualified support for investment in more gas supplies.

U.S. LNG

Democrats call for greater scrutiny of U.S. LNG approvals

The Biden administration has supported an expansion of gas exports. But members of his own party warn that the buildout of U.S. LNG pollutes local communities and amounts to a major setback for the climate.

alaska lng

Biden gives OK to Alaska LNG

The approval of a massive Alaska LNG project was met with outrage from climate groups. But the project has economic hurdles that raise questions about its viability.

gas flaring

Gas flaring declined by 3 percent in 2022 – World Bank

A slight reduction in the volumes of gas flared last year offers some small measure of progress, the World Bank said in a new report. However, much deeper reductions are needed.

Follow This

Follow This investors file Big Oil climate resolutions

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