Oil and gas sector key to renewable energy growth – IEA
The oil and gas sector's expertise and financial resources must play a key role in accelerating the deployment of renewable energy technologies, the International Energy Agency (IEA) has said.In a report published today, the IEA warned that it might not be possible to scale low-carbon technologies at the rate needed unless the fossil fuel sector plays a greater role. It said that low-carb
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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.
The climate targets of oil and gas majors rely heavily on emissions mitigation technologies (EMTs) that are expensive and unproven at scale, analysis by Carbon Tracker has uncovered.
Acoalition of NGOs and environmental groups have called on financial institutions to stop “propping up” the war in Ukraine by cutting ties with Russia’s fossil fuel industry. In a letter to CEOs, they call on insurers, banks and asset managers to end financing, investment, insurance coverage and other financial services to companies in the Russian industry, and divest from existing assets.