Displaying 1 - 8 of 8
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The energy transition is slowing down growth of oil demand, but has yet to reduce overall levels of consumption of the fossil fuel, the IEA warns.
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Giants including BP and Shell with major investors have published net-zero principles to follow, but what constitutes a credible plan?
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Consumer goods giant launches 'Future Foods' initiative, geared at meeting the growing global appetite for sustainable food products
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Consumer products giant says the move is critical to meeting its goal of achieving net-zero emission from its products by 2039.
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Among its pledges are a 40 percent reduction in its oil and gas output by the end of the decade.
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The new 2039 target builds on existing goals to reach carbon neutrality across its operations and halve its value chain emissions by the end of the decade.
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While some investors welcomed the latest net zero pledge from a leading oil giant, others believe the announcement was a 'clear attempt to stave off a shareholder rebellion at its AGM.'
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That's according to a BloombergNEF report that calls policy support for the hydrogen economy 'insufficient.'