13 November 2023
13 November 2023
If all oil producing nations followed UAE's strategy, the world’s carbon budget for 1.5C would be exceeded many times over, reports senior data journalist Nick Ferris. Ferris uses exclusive GlobalData data to show how much oil and gas remains in active and planned UAE fields, and what this would translate into in CO2 emissions if burnt.
Two oil majors – BP and TotalEnergies – are among the top ten electric vehicle (EV) charger operators across Europe. Data journalist Polly Bindman reports.
Following the publication of the IEA’s latest Net Zero Roadmap and World Energy Outlook, one of the authors tells correspondent Oliver Gordon that growth in clean energy technologies is keeping the dream of 1.5°C alive – just about.
The expansion of renewable energy can act as a force for social cohesion and a catalyst for local economic benefits, turning “Not in my backyard” into “Yes, in my backyard”, argue two NGO experts.
It has been a slow year for insurers’ adoption of new fossil fuel policies, despite 2023 being one of the priciest years ever for payouts due to climate-related disasters.
Currently, there is no set period between licensing rounds. The bill will also require new licensing rounds to meet certain net-zero requirements.
US oil majors are doubling down on fossil fuels, as Chevron and ExxonMobil megadeals in October lifted the value of oil and gas mergers and acquisitions (M&A) to $261bn in 2023. By senior data journalist Nick Ferris.
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GHG emissions generated by O&G operations accounted for 15% of total energy-related emissions worldwide in 2022. A further 40% of such emissions came from the use of oil and gas for power generation, heating, vehicle fuel, and industrial processes. Only 6 companies have targets covering Scope 3 emissions. To reduce Scope 3 emissions, O&G companies are switching their products to lower-carbon sources of energy including hydrogen, LNG, biofuels, and renewables.
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