Two energy giants, two green projects: one double-booking in North Sea
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals.
Spain’s Iberdrola to invest $47 bln in energy transition in 2023-25
Spain’s Iberdrola will invest 47 billion euros ($47 billion) in electricity networks, renewable energy production and customer businesses over the next two years but protecting its balance sheet is a key focus, its chairman said on Wednesday.
Advisory firm PIRC opposes Shell climate plan for lacking ambition
Advisory group PIRC recommended shareholders vote against Shell’s (SHEL.L) non-binding climate resolution at the energy company’s annual general meeting (AGM) on Tuesday, according to a document seen by Reuters.
Exclusive: Toyota turns to Chinese tech to reach its electric holy grail
Toyota Motor Corp (7203.T) will launch an all-electric small sedan in China late next year, having turned to local partner BYD (002594.SZ) for key technology to finally make an affordable yet roomy runaround, four sources told Reuters.
Saving the dinosaurs: Startups drive to electrify fossil-fuel cars
You can save your prized Aston Martin DB6, Porsche 911 or Mustang from the museum of combustion engine history. Or your Fiat 500 and Renault Clio, for that matter.
U.S. airlines and Amazon join push to reduce aircraft emissions
Major U.S. airlines and Amazon.com’s (AMZN.O) aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.
How green champion Sweden could end up exporting its carbon sins
When a Swedish court ordered the country’s biggest cement maker to stop mining limestone by its huge factory on the windswept island of Gotland to prevent pollution, ecologists cheered.
Analysis: Green-push dilemma: China’s steel curbs could cripple price control efforts
China is facing a high profile test of its commitment to curbing industrial pollution after steel output surged in the first half of the year to well beyond its target of capping production at 2020’s peak, sending emissions to new highs.
How sustainable are sovereign wealth funds?
Risks don’t come much longer term than climate change, so you might expect sovereign wealth funds to be all over it, as investment giants with decades in their sights.
Asset owners managing $6 trln call for global carbon price
Investors managing more than $6 trillion in assets on Tuesday called for a co-ordinated global price on carbon and said emissions costs would need to almost treble by 2030 to reach the world’s climate goals.
