Carbon & Sustainability
BP, PetroChina spin out Iraq’s Rumaila field into new company
Wednesday, August 25, 2021, 6:26 AM MDT
BP plc and PetroChina Co. formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure…
State oil companies take their first ungainly steps toward climate neutrality
Tuesday, August 24, 2021, 6:08 AM MDT
Petroleos Mexicanos left investors with more questions than answers after it announced in late July that it would be disclosing…
Insurance industry seeks to limit fossil fuel exposure amid growing climate threat
Monday, August 23, 2021, 6:47 AM MDT
With global climate change threatening to wreak havoc on their industry, insurance companies are increasingly looking to limit their exposure…
China Three Gorges nears deal for Dubai renewable firm Alcazar
Monday, August 23, 2021, 6:39 AM MDT
State-owned China Three Gorges Corp. is nearing a deal to acquire Dubai-based wind and solar developer Alcazar Energy Partners, people…
Alaska ruling shows Big Oil’s uphill battle in climate-fears era
Friday, August 20, 2021, 6:55 AM MDT
Even the climate-conscious Biden administration supported ConocoPhillips’s $6 billion oil development on Alaska’s Northern Slope, but that couldn’t stop a…
Norway’s $1.4 trillion wealth fund puts oil stocks on notice
Friday, August 20, 2021, 6:52 AM MDT
The sovereign wealth fund of Norway, which manages $1.4 trillion in assets, said there are oil companies in its portfolio…
ADM teams up with Marathon in renewable diesel push
Friday, August 20, 2021, 6:48 AM MDT
Marathon Petroleum Corp. will invest in an Archer Daniels Midland Co. soybean plant to ensure feedstock for biodiesel production, the…
Escalating U.S.-China solar rift threatens Biden green goals
Wednesday, August 18, 2021, 6:47 AM MDT
The first big test of Joe Biden’s lofty clean-power ambitions may not be sweeping climate legislation that needs congressional approval,…
China approves renewable mega-project for green hydrogen
Wednesday, August 18, 2021, 6:33 AM MDT
The Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce…
U.K. plans subsidy-driven hydrogen boost on path to net zero
Tuesday, August 17, 2021, 7:08 AM MDT
Hydrogen could be vital to U.K. efforts to eliminate greenhouse gases by changing the way vehicles are fuelled, factories are…
BHP quits oil, piles into potash in overhaul for CEO
Tuesday, August 17, 2021, 6:46 AM MDT
BHP Group unveiled the most sweeping change to its business since the world’s biggest miner was created two decades ago,…
Cost to bury carbon near tipping point as emissions price soars
Monday, August 16, 2021, 7:20 AM MDT
Skyrocketing carbon prices and a “code red” warning about the threat posed by climate change are giving fresh momentum to…
