climate change

Earth Day this year, 22 April, marked 50 years of raising global awareness for the challenges faced by the planet and the life it supports. IPIECA, the oil and gas industry association for advancing environmental and social performance, has been addressing climate issues for more than 30 years.

The company’s departure from the Independent Petroleum Association of America is in line with its climate roadmap.

When considering the energy markets and climate risks, the debate around the energy transition has shifted from when it will happen to what it will look like.

A recent report details national and global security threats related to climate change in the hopes that decision-makers and leaders will recognize the relationship between global warming and security.

JPT interviewed Saudi Aramco President and Chief Executive Officer Amin Nasser during IPTC. He discussed the company’s outlook for the new year and the current state of the oil and gas industry.

The decision comes after the UK oil corporation’s new chief executive, Bernard Looney, set an ambitious target to shrink its carbon footprint to net zero by 2050. To achieve this it will have to cut more greenhouse gas emissions every year than the amount produced by the whole of the UK.

Republican lawmakers proposed legislation setting a goal for the US to plant a trillion trees by 2050 to fight global warming, a plan intended to address climate change by sucking carbon out of the air instead of by cutting emissions.

The head of the world’s largest oil company calls the current discussion of climate change too narrowly focused.

As the pressure to act on climate change builds, the industry should consider a range of options.

The target will align the company with the goals of the Paris Agreement to mitigate climate change.