Sustainability
The meeting of leaders, experts, and stakeholders emphasized the urgency of addressing greenhouse-gas emissions to mitigate climate change and align with global sustainability goals.
The test marks a milestone in the Poseidon CCS project, which aims to store carbon dioxide in the depleted gas reservoir below the Leman development in the southern North Sea.
This paper shares learnings from building a corporate sustainability culture as an infrastructure for environmental and sustainability programs by identifying enablers and challenges common to oil and gas organizations, which are relatively advanced in their sustainability journey.
-
Brian Sullivan, the executive director of IPIECA, the global oil and gas industry association for advancing environmental and social performance, lays out the organization’s plans to adapt to a changing world while supporting the energy transition and sustainable development. -
The UN says the 2020 Climate Action Summit delivered a surge in progress toward climate goals.
-
With one of the world’s lowest electrification rates, Mozambique is moving to give its citizens a brighter future. Together with South Africa’s Sasol, the country endeavors to attract global EPCM companies and international financing to create a power generation hub fueled by gas from onshore fields.
-
The Texas oil and gas company will trim its carbon footprint in the coming years by building on a low-carbon investment that already totals more than $10 billion.
-
The country has announced that it plans to phase out all oil extraction by 2050.
-
Petrobras is pledging a 25% cut in carbon emissions by 2030, but that hasn’t stopped Chief Executive Officer Roberto Castello Branco from dismissing pledges by peers to completely neutralize their carbon footprints 2 decades later.
-
Oil companies such as BP and Shell are nurturing nature as a future revenue stream, betting on an expected rise in carbon credit prices as their fossil fuel profits ebb.
-
Companies, investors, and consumers alike are frustrated by a lack of standardized accounting for corporate ESG performance. This might be about to change thanks to a recent proposal from the IFRS Foundation, which is the body that oversees the work of the International Accounting Standards Board.
-
The scope of the complete paper is limited to the 14% renewable energy target in transport and its possible effect on the Middle East.
-
The oilfield service company said it expects to set emissions-reduction targets by next year to meet the goals of the Paris Accord.
