The climate disclosure requirements are far weaker than originally outlined by the financial regulator two years ago.
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.
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.
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.
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.
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.
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.
Climate activists blasted a communique from the G7 nations, which issued qualified support for investment in more gas supplies.
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.
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.
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.
A group of major investors led by activist shareholder Follow This have filed climate resolutions at four Big Oil companies.