A Year After the Shell Ruling: Big Victories & Next Steps for Climate Litigation

Credit to Author: Guest Contributor| Date: Fri, 27 May 2022 22:52:34 +0000

Yesterday marked one year since the precedent-setting court ruling in the Netherlands, which ordered Shell to cut its activities’ carbon emissions by 45 percent compared to 2019 levels to align with the Paris climate agreement. The ruling was a landmark for climate litigation, demonstrating the potential power of the courts to help ensure a just climate future. […]

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How Does Tesla Get A Worse ESG Score Than 2 Oil Companies?

Credit to Author: Johnna Crider| Date: Wed, 11 May 2022 10:00:41 +0000

Isn’t it odd that Tesla has a bad Environmental, Social, and Governance (ESG) score yet oil companies have good ones? When you look at what Tesla is doing for the environment and compare those actions with how oil companies are profiting off of poisoning our environment, it just doesn’t make sense. Tesla CEO Elon Musk […]

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Europe’s Oil Majors Bought $100 Billion from Russia since Annexation of Crimea

Credit to Author: Guest Contributor| Date: Fri, 01 Apr 2022 15:06:53 +0000

Oil majors cannot be trusted to put ethics before profit, says Transport & Environment: $100bn from Russia since Annexation of Crimea Total, Shell and BP bought $100 billion in Russian oil between 2015 and 2021 following Russia’s annexation of Crimea, new analysis shows. Transport & Environment (T&E), who carried out the study, says Big Oil has shown […]

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POWER Digest [March 2020]

Credit to Author: POWER| Date: Mon, 02 Mar 2020 05:00:00 +0000

The post POWER Digest [March 2020] appeared first on POWER Magazine.

Siemens Buys Out Iberdrola, Readying to Spin Off Gas and Power and SGRE Businesses. Siemens AG will acquire Spanish renewables giant Iberdrola SA’s full 8.1% stake in Siemens Gamesa Renewable Energy (SGRE)

The post POWER Digest [March 2020] appeared first on POWER Magazine.

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Qatar Will Boost Middle East Solar with 800-MW Project

Credit to Author: Darrell Proctor| Date: Tue, 21 Jan 2020 17:40:45 +0000

The post Qatar Will Boost Middle East Solar with 800-MW Project appeared first on POWER Magazine.

Qatar’s energy minister on Jan. 19 said the country will build an 800-MW solar power project that will push the country far beyond its announced goal for solar energy. That goal of 100 MW of solar generation was established when Qatar in December 2010 was awarded rights to host the 2022 FIFA World Cup tournament. […]

The post Qatar Will Boost Middle East Solar with 800-MW Project appeared first on POWER Magazine.

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Oil & Gas Majors Must Cut Output 35% By 2040 To Reach Paris Targets

Credit to Author: Joshua S Hill| Date: Mon, 04 Nov 2019 16:27:28 +0000

A new report from independent financial think tank Carbon Tracker has concluded that the world’s seven leading oil and gas majors must cut production by an average of 35% by 2040 if global emissions are to be reined in and kept “well below” 2°C, in accordance with the Paris Agreement’s commitment. 

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Breakdown Of Interdependency Between Big Auto & Big Oil

Credit to Author: Gerard Reid| Date: Thu, 10 Oct 2019 03:59:05 +0000

Some years back I visited one of the major automobile manufacturers with some investor clients of mine. We met the CTO of that particular company, who asked us “what is the biggest mistake the automobile industry has made in the last century?” Despite the varied responses from the audience, we were all surprised by his answer: “We never controlled the fuel value chain” and to that he added “and we won’t make the same mistake with electric cars.”

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