EXCLUSIVE Investors warn European companies over climate accounting
Thirty-four investors managing more than $7 trillion in assets have warned 17 of Europe’s largest companies, including BP (BP.L) and Volkswagen (VOWG_p.DE), that they could challenge board directors over their accounting of climate risks.
EXCLUSIVE Major buyers of Russian oil struggle with bank guarantees -sources
The global oil market was thrown into chaos on Thursday after Russia invaded Ukraine, with top buyers of Russian oil struggling to secure guarantees at Western banks or find ships to take crude from one of the world’s largest producers.
U.S. to hold its biggest offshore wind auction
The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey.
Shell ends 2021 on high note, hikes dividend, buybacks again
Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.
Analysis: Shrink to fit: the year Big Oil starts to become Small Oil
Europe’s Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.
Investor group sets tough climate blueprint for Big Oil
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.
Billionaire-backed mining firm to seek electric vehicle metals in Greenland
Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, has signed an agreement with London-listed Bluejay Mining (JAY.L) to search in Greenland for critical materials used in electric vehicles.
U.S. Steel, Norway’s Equinor eye clean hydrogen production
Norway’s Equinor (EQNR.OL) and U.S. Steel Corp (X.N) will examine the potential for developing clean hydrogen production in Ohio, Pennsylvania and West Virginia, the two companies said on Tuesday.
Analysis: Market for U.S. oil acreage booms along with crude price recovery
A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch.
Oil and gas stocks carry $126 bln cost for Norway’s sovereign fund – research
Norway’s sovereign wealth fund missed out on $125.8 billion in potential returns over a three year period by investing in oil and gas rather than green stocks, according to research from Global SWF, an industry data specialist.
