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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A recent Greenpeace analysis reveals how regulations across Europe are incentivizing travel by plane, despite flying being five times more polluting than train travel.
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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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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.'
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UBS analysis suggests the pandemic is set to curb air travel growth 10 percent over the next decade as high-speed rail flourishes.