oil
EU countries adopted today (May 27) first-ever rules to measure, report and verify methane emissions in the energy sector in a bid to slash the volume of these short-lived air pollutants, known to be up to 30 times more potent than carbon dioxide (CO2). Following an almost unanimous vote, opposed by Hungary, energy operators will need to comply, as of 2025, with new requirements to ensure mitigation measures, such as detecting and repairing methane leaks, and measuring emissions at source level. They will also be required to draw up monitoring reports that will be checked by independent accred...
Euronews (English)
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)
Big banks have financed fossil fuels with nearly $7 trillion (€6.5 trillion) since the Paris Agreement, a new report has found. The 15th annual Banking on Climate Chaos (BOCC) report looked at how the top 60 private banks in the world are underwriting and lending to over 4,200 fossil fuel firms, and financing companies causing the degradation of the Amazon and Arctic. Their research found that, since the Paris Agreement to limit global warming was signed in 2016, these banks have financed fossil fuels with $6.9 trillion (€6.4 trillion). The report says $3.3 trillion (€3 trillion) - almost half...
Euronews (English)
32-year-old green energy entrepreneur Yetunde Fadeyi will never forget what inspired her to start a clean energy company in Nigeria. As a six-year-old, Fadeyi’s best friend, Fatima, was killed by carbon monoxide poisoning in her Lagos home, along with her father and pregnant mother. “She often came over for sleepovers. But that day she didn’t,” says Fadeyi. “It was the time that they were stealing people’s generators, so they kept [the generator] in an enclosed area and by the time it was morning they were dead.” Petrol-powered generators like the one Fatima’s family had are valuable assets be...
Euronews (English)
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