gas
More than a fifth of shareholders voted against Shell’s current climate strategy during the company’s annual general meeting (AGM) in London yesterday. At the same time, they rejected a climate resolution filed by shareholder activist group Follow This. The NGO, which unites shareholders in oil and gas companies to support climate resolutions, called for the company to align its targets with Paris Agreement goals. It is the first AGM since Shell scaled back several climate commitments earlier this year. In March, the company weakened its 2030 carbon reduction targets. It cited a strong demand ...
Euronews (English)
BP reported first-quarter earnings that fell short of market expectations, primarily due to weakened oil and gas prices impacting its profit margin. The British energy giant maintained the share buyback plan of $3.5 billion in the first half of the year, with $1.75 billion completed in May of 2024. Furthermore, it announced a dividend payout of 7.27 cents per share. Following the report, BP's share price declined by more than 1.3% on the London Stock Exchange. Profit declines, cash flow shrinks, debt risesIn contrast to rival Shell's robust results, BP's earnings fell short of market expectati...
Euronews (English)
Large volumes of climate-warming gases are being smuggled into Europe from China and Turkey, a new investigation has found. The illegal trafficking is compromising the global push to phase them out, a report by the London-based Environmental Investigation Agency (EIA) said this week. These hydrofluorocarbons (HFCs), described by the EIA as “super-pollutant”, are a group of synthetic gases that are predominantly used for cooling and refrigeration. Although they do not damage the ozone layer like other banned refrigerants, their impact on global warming can be up to thousands of times greater th...
Euronews (English)
For 27 years, the heat in Regina Fred's Queens apartment building came from a noisy steam radiator that she couldn't control. Sometimes it didn't come on at all, leaving her shivering. Sometimes, the radiators ran so hot that residents had to keep their windows open in the middle of winter for relief. That all changed a few months ago when she got a window-mounted heat pump as part of a pilot project by the New York City Housing Authority (NYCHA) aimed at cutting energy costs and lowering emissions. Suddenly, all Fred has to do is touch a dial to bump her temperature up or down, and she finds ...
Euronews (English)
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