Details on achieving net-zero carbon emissions by 2050 still unclear.
Italian energy company Eni pledged on Feb. 28 to reduce its oil production from 2025 and slash its greenhouse gas emissions by 80% in one of the most ambitious clean-up drives in an industry under pressure from investors to go green.
Abandonment of oil sands project costs Alberta thousands of jobs to be created.
Discussions at this year’s IP Week, including from IEA’s Fatih Birol, illustrated the increasing sense of urgency among the oil and gas industry in addressing climate issues.
Global and domestic initiatives facilitate emissions capture for storage and reuse in energy development.
Western Energy Alliance and two other U.S.-based trade organizations do not “share our ambitious and progressive approach to the energy transition,” says BP CEO Bernard Looney.
From renewable power projects to cutting emissions from oil and gas operations, supermajors on both sides of the Atlantic are taking different approaches to going greener.
The IRS and U.S. Treasury Dept. have not yet issued final rules on exactly how to implement these credits, causing proponents of carbon capture, use and storage technology a great deal of frustration.
FERC says it is protecting competition; clean energy groups say it will make it harder for state to meet greenhouse gas reduction targets.
Pioneer Natural Resources CEO Scott Sheffield called on oil and gas investors to sell shares or pull funding from companies that have rates of natural gas flaring.