Companies

oil industry

U.S. Senate probe accuses oil industry of “denial, disinformation, and doublespeak”

A Senate committee published the latest instalment of a multi-year investigation after obtaining a vast trove of internal documents from oil industry giants ExxonMobil, Chevron, BP, and Shell. The report alleges the efforts to slow climate action continue to this day.

Nigeria

IOCs must follow due process to divest in Nigeria: regulator

At the Nigeria International Energy Summit, the country’s upstream regulator stressed the need for due process during IOCs’ divestment in Nigeria amid Shell’s sale.

Shell Nigeria

Shell Nigeria divestment raises environmental, legal concerns

Shell has sold its Nigerian subsidiary to a local consortium for $2.4 billion, exiting onshore, prompting experts to raise environmental and legal concerns.

net zero claims

Most net zero claims from oil and gas firms “largely meaningless”

A new report found that even though net zero claims continue to proliferate, even among fossil fuel companies, the commitments are riddled with loopholes.

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.

Follow This

More than 230 ad & PR firms greenwashing fossil fuels: report

More than 230 advertising and public relations agencies are helping to greenwash the fossil fuels industry at the mounting expense of human health and the planet, a new report reveals.

IOCs’ climate scenarios lack consistency: research

Researchers have found that climate scenarios published by oil companies often lack sufficient scope in terms of emissions accounted for, timeframes and data transparency.

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.

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.

Shale industry sees more investor exits

Various types of investors are pulling back from shale and broader oil and gas investments, but there are questions over how the trend will continue to play out.