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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The supermarket giants said it removed 1 billion pieces of plastic from across its U.K. business last year.
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But its commitment is slammed by campaigners as 'empty' and an 'attempt to buy time' due to its failure to commit to divest from coal and oil and gas.
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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 beauty giant includes pledges to use only recycled or bio-based packaging by the end of the decade and achieve carbon neutrality across its sites by 2025.
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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.'