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Cambridge University Agrees to Explore Fossil Fuel Divestment Plan
The former archbishop of Canterbury Rowan Williams has welcomed an “urgent change” by Cambridge University, after it agreed to provide fully costed plans setting out how it could divest multibillion-pound endowments from fossil fuel corporations. The university’s management accepted a…
UK Offshore Oil and Gas Production up by a Fifth over past Five Years
UK offshore oil and gas production has increased by a fifth over the past five years, following 14 years of decline. That’s according to a new report from Oil and Gas UK (OGUK), which suggests momentum is again building around…
Oil and Gas Giants Agree Target to Cut Methane Emissions
They aim to reduce emissions from upstream operations to below 0.25% by 2025. Thirteen of the world’s biggest oil and gas companies have agreed a first collective target to reduce methane emissions. They have announced a goal to cut methane intensity from their…
EU Investigates BMW, Daimler and Volkswagen over Emissions Collusion Allegations
The carmakers allegedly held meetings where they discussed clean technologies to limit harmful car exhaust emissions. The technologies aim to make passenger cars less damaging to the environment The Commission will assess if the companies colluded to limit the development…
50% of Industrial Climate Change Emissions Tied to Fossil Fuel Companies
The Rocky Mountain Institute recently released a report titled Decarbonization Pathways for Mines: A Headlamp in the Darkness, in which it was stated that in 2015, half of worldwide industrial greenhouse gas emissions came from 50 companies working in fossil-fuel…
Church of England Threatens to Withdraw Investment from Oil and Gas
The Church of England has voted in favour of withdrawing investment from companies that aren’t doing enough to tackle climate change. The General Synod, the decision-making body for the Church, said it broadly supported its ongoing strategy of engaging with…
Paris: World Bank Will No Longer Finance Oil and Gas Projects Starting from 2019
In a move meant to aid countries reach greenhouse gas-curbing targets set by the 2015 Paris Agreement to limit global warming, the World Bank has announced that it will stop financing oil and gas projects starting from 2019. The announcement…