Executives cast doubt on bloc’s plans to buy materials crucial to the energy transition as it did for Covid vaccines
FTSE 100 energy majors want to improve valuations and close discount with US rivals
Subsidy scheme in Alberta allowed oil major’s plant to register carbon credits equivalent to twice the volume of CO₂ captured
Europe’s largest oil and gas company increases production and maintains share buybacks at $3.5bn
The shareholders say meeting the Paris Agreement goals is ‘essential to preserve the health of the global economy’
Dutchman led FTSE 100 group’s push into biofuels, hydrogen and renewable power
The $40mn pay packet for Darren Woods comes amid debate in London about transatlantic valuation gap
Plus, TikTok staff are hit with a big tax bill and European IPOs make a comeback (no thanks to the UK)
Ben van Beurden says US-listed companies benefit from deeper pool of capital and higher valuations
Test case on power of courts as oil and gas companies push back over judgments on their role in global warming
Also in today’s newsletter, the private sector is missing in action on climate resilience and adaptation finance
Many groups have focused on the near term and their own emissions — rather than those of suppliers and customers
Energy major scraps 2035 target, giving itself more flexibility on timing of plans
The EU will not meet its ambitious green goals without vast investment in its grids
Switch from coal by China and other Asian countries will drive increase, says report
Oil executives hit out at administration’s move to pause approvals for LNG export terminals
Oil major announces further $3.5bn of share buybacks as 2023 profits top $28bn
Popular scheme to avoid toxic fumes in poor communities undermined by flawed measures of emissions, research claims
Supermajor follows other international groups in region hit by oil theft, violence and environmental damage
Campaign group draws support from 27 investors to support AGM motion for stronger targets
Spat between Venture Global and oil groups has disrupted market for super chilled fuel
Sluggishness in refining at the supermajor chimes with what other oil producers are seeing
Oil major reduces global refining portfolio to focus on large sites integrated with chemicals and trading businesses
Climate agreement may fail to result in falls in oil and gas production
First batch of crude from Shell’s oil trading arm marks milestone for refinery
