Clarification on net zero
Aiming for net zero has become synonymous with climate leadership – but at the same time it has received criticism as a concept that, if wrongly approached, can actually allow organisations to avoid transition.This was recognised by UN Secretary General António Guterres in his speech on the opening day of COP26, in which he stated: “There is a deficit of credibility and a surplus of confusion over emissions
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
Petrochemicals could be made with almost no carbon emissions if the industry invests an extra $759bn (£604bn) by 2050, according to a new report from research firm BloombergNEF (BNEF).