BP shareholders will receive a payout of several billion dollars this year, after the oil giant announced better-than-expected quarterly profits of nearly $2.8bn. After reducing its green investments, the oil
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Petrostate Azerbaijan is planning to raise at least $500mn to fund green projects as its first step in marshalling climate finance before the UN COP29 Summit it will be hosting
A report by the London School of Economics found that climate campaigners are suing energy companies to stop the use of fossil-fuels. The LSE has found that there are currently
Shell has suspended the construction of Europe’s biggest biofuel plant, which was to convert waste by the end the decade into green jet fuel or biodiesel. The oil company announced
Denmark has announced the first carbon tax in agriculture. Cattle farmers will be charged nearly €100 per year for each cow’s greenhouse gas emissions. After months of difficult negotiations with
EasyJet and Ryanair have reacted angrily to a recent decision by the EU that long haul flights would be excluded from their crackdown on jet emission. Budget airlines said that
The Observer has learned that the wildlife charity WWF-UK has shelved an important report warning of the damage caused by intensive chicken production to the River Wye. Tesco has donated
Amundi, Europe’s biggest asset manager, has joined 26 investors in demanding Shell improves its environmental targets during its annual meeting. This is the largest shareholder push for climate policy that
According to the International Energy Agency, the growth of renewable energy capacity in 2023 was the fastest in the past 20 years. This could help the world reach a major
Carbon prices dropped to their lowest level in 14 months because traders were not convinced by the COP28 Summit agreement for meaningful climate action from governments. The carbon futures market
According to sources familiar with the situation, the United Arab Emirates will launch a $30bn fund to invest in climate change with BlackRock TPG and Brookfield. The UAE is launching
