Oil
Fossil fuel divestment is rational, says former Shell chairman
Mark Moody-Stuart laments ‘remarkably little progress’ by oil industry on climate change in last two decades and says divestment is ‘rational’ response The former chairman of Shell has said that investors moving their money out of fossil fuel companies is a rational response to the industry’s “distressing” lack of progress on climate change. Sir Mark […]
Oil Can’t Compete With Renewables, Says National Bank of Abu Dhabi
You wouldn’t expect a bank in the oil-rich Middle East to be touting the future of renewable energy over that of oil. But that’s just what the National Bank of Abu Dhabi (NBAD) is doing with its new report, Financing the Future of Energy: The opportunity for the Gulf’s financial services sector. Aimed primarily at […]
Amyris and Total Announce Successful Demonstration Flight With Renewable Jet Fuel During Paris Air Show
First Demonstration Flight in Europe on Airbus Aircraft Underscores Partners’ Commitment to Achieving ASTM Certification Amyris, Inc. (Nasdaq:AMRS) and Total (Paris:TOTF) announced today a successful demonstration flight at the Paris Air Show using a breakthrough technology that converts plant sugars into renewable jet fuel. The Airbus A321 aircraft powered by two Snecma CFM56 jet engines […]
Complaint seeks resettlement and just compensation from royal Dutch Shell and UK banks for damage caused by Sakhalin II oil and gas project
Today, residents living adjacent to a highly polluting liquefied natural gas (“LNG”) plant and oil and gas export terminals on Sakhalin Island, Russia, filed a complaint against Royal Dutch Shell and three of the largest UK banks: Royal Bank of Scotland (“RBS”), Standard Chartered, and Barclays, for their failure to adhere to the Organization for […]
Oil projects too far – banks & investors refuse finance for Arctic oil
West LB have decided not to finance oil & gas development projects in the arctic and F & C have dropped Arctic oil explorers Cairn from their ethical portfolio. The German corporate finance & investment bank, West LB, launched a new environmental policy in February and its guidelines are important in relation to the push […]
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