climate change

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.

With a $10 million commitment from Shell, Rice University has launched Carbon Hub, a research initiative with the goal of creating a zero-emissions world by using oil and gas to create clean energy.

Greenpeace has been banned from carrying out climate protests on North Sea oil rigs after the oil giant Shell won a Scottish court order.

The bank funded some €2 billion in projects last year.

French oil giant Total said it will not renew its membership of the American Fuel and Petrochemical Manufacturers association because the organization’s stance on climate issues does not align with its own.