News Commentary | March 12, 2019
BHP has announced a $6 million equity investment in direct air capture (DAC) startup Carbon Engineering. The investment is part of BHP's efforts to reduce its CO2 footprint and accelerate deployment of carbon capture in industries like steel manufacturing and power. This is the second funding round ... Not part of subscription
News Commentary | March 29, 2019
BP has launched a $100 million upstream carbon fund for projects that reduce GHG emissions from its upstream oil and gas operations. The investment will be executed over a three‑year period and is an addition to the $500 million figure BP annually invests in low‑carbon technologies. Similar to the ... Not part of subscription
News Commentary | October 08, 2019
Earlier this year, Chevron announced its commitment to reducing methane emissions and flares from its supply chain by 25% to 30% from 2016 levels by 2023. In response to increasing pressure from investors, however, the U.S. oil major has revised its initial targets to reduce net greenhouse gas ... Not part of subscription
by Holly Havel
Nearly a month after Repsol pledged its ambitions for net-zero emissions by 2050, Equinor has announced its new commitment to reach near-zero emissions at its onshore and offshore facilities in Norway by 2050. The Norwegian major will incorporate digitalization strategies and electrification projects to achieve a near-term reduction goal of 40% by 2030, while long-term goals out to 2050 will implement additional measures involving new technologies, such as carbon capture and storage and generating emissions-free hydrogen using natural gas. While this is a great first step, clients can expect to see further announcements from Equinor down the road as the major expands emissions reduction goals to its global oil and gas assets.
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