In a statement Royal Dutch Shell said, it would do away with its dual share structure and relocate its headquarters to Britain from the Netherlands. The development comes at a time when the oil giant is facing increasing climate pressure in… Read More ›
On Wednesday, in a significant development, a group of six investors with a combined $4 trillion of assets under management said, it aims to increase engagement with large Asian companies, including energy producers and banks, to ensure that they have… Read More ›
On Wednesday, Royal Dutch Shell said, it expects its first-quarter adjusted earnings to take a hit of up to $200 million due to an extreme cold snap in Texas in the quarter. In a guidance update ahead of its first-quarter… Read More ›
On Monday, in a statement Royal Dutch Shell proposed that the pay of its directors should be more closely linked to group’s climate performance and cut off the link between bonuses and liquefied natural gas (LNG) production volumes. The development… Read More ›
With coronavirus inducing economic lockdowns around the globe, there has been a sharp decline in energy prices last year according to data, as a result top oil companies have significantly reduced their search for new fossil fuel resources, triggered massive… Read More ›
On Wednesday, in a statement oil major BP said, it has acquired a majority stake in Finite Carbon, the largest U.S. carbon offset developer as part of its climate goals; the move will also create a new revenue stream for… Read More ›
On Tuesday, in a significant development Royal Dutch Shell is facing a lawsuit brought on by environmentalist and human rights groups demanding that the energy giant cut its reliance on fossil fuels. In April 2019, seven activist groups, including Friends… Read More ›
Chiyoda is one of the world’s top builders of liquefied natural gas (LNG) plants. With increased global demand for LNG, the plant engineering firm’s fortunes potentially has a bright future. On Monday, as per a report from the Nikkei newspaper,… Read More ›
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
The project will see the export of around 14 million tons of LNG per year. Mitsubishi’s stake in the project is 15%. On Tuesday, Mitsubishi Corp stated, it will join Royal Dutch Shell in developing the LNG Canada project in… Read More ›
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