The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.
Here are four climate takeaways from a dramatic turnaround — a year after a surge of shareholder activism in the industry, as well as a remarkable court ruling against Shell.
In an update to investors, the oil company projected a huge financial hit from its exposure to Russia.
A Soviet-era pipeline, opposed by the president but supported by the oil and gas industry, set up the dependency that today helps fund the Russian assault on Ukraine.
An exodus by Western companies and disdain for Russian oil signal the start of a reckoning.
Shell said it would exit its investments in Russia, a day after BP said it would do the same. Now companies like TotalEnergies and Exxon will face questions.
Oil giants like BP and Shell propose to spend billions on renewable energy, bolstering Scotland’s efforts to move away from an economy based on fossil fuel.
The restructuring is meant to make the company more appealing to investors and make it easier to sell assets, the oil giant said.
What is Cambo? It’s a proposed oil field deep underwater off Scotland that has become an intense focus of environmentalists and the energy industry.
In a historic hearing, the leaders of some of the most powerful energy companies in the world are appearing before a House panel to face questioning on climate change.
The heads of Exxon Mobil, Shell, Chevron and BP will testify Thursday in the first congressional inquiry into industry efforts to hinder action on climate change.
A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.
The divestment campaign has taken much of the shine off what was once the planet’s dominant industry.
The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.
Executives from Exxon, Shell, BP and others are being called to testify in Congress next month after a secret recording this year exposed an Exxon official boasting of such efforts.
“I need to help my women to stand,” says Martha Agbani, who helped a group of women from the Niger Delta build a flourishing mangrove nursery.
Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker.
A surprising mix of environmentalists, pension fund managers and big money investors have scored startling victories against oil and coal, opening new battle fronts in the climate fight.
A company spokesman called the decision “disappointing” and said Shell expected to appeal, but the ruling could add pressure on the energy industry to accelerate its move away from fossil fuels.
An appeals court said that a small group of farmers in the Niger Delta region whose livelihoods were affected by oil spills in 2006 and 2007 should receive payouts.
The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less.
The fuel could play an important role in fighting climate change, but it has been slow to gain traction because of high costs.
Under pressure from governments and investors, industry leaders like BP and Shell are accelerating their production of cleaner energy.