Petróleo Brasileiro S.A. – Petrobras, following up on the release from 09/29/2021 on the creation of a social program focused on liquefied petroleum gas (LPG), informs that it has approved the delivery of 300,000 grants to support the acquisition of cooking gas canisters by families in a situation of social vulnerability by December 2021. In... Continue Reading →
Company Valuations and Climate Strategies are Poles Apart
Companies in the most polluting sectors that have invested in climate action often find themselves valued below peers that have been slower to do so, highlighting the difficulty of getting shareholders to back sustainability. Investors have poured more than $30 trillion into environmental, social and corporate governance (ESG) strategies, data from the Global Sustainable Investment... Continue Reading →
Petrobras returns to the Dow Jones Sustainability Index
Petróleo Brasileiro S.A. – Petrobras informs that it will once again integrate the Dow Jones Sustainability Index World (DJSI World) of S&P Global's Corporate Sustainability Assessment. Petrobras received the highest score in the Materiality, Environmental Report, Water-Related Risks and Social Report criteria. The company also stood out in the criteria of Climate Change, Operational Eco-efficiency,... Continue Reading →
Petrobras on returning to IBGC
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 1, 2015, informs that it has returned to the membership of the Brazilian Institute of Corporate Governance (IBGC). Petrobras was a member of IBGC from 2002 to 2015 and its return to the membership was possible due to several improvements and governance... Continue Reading →
Industrial companies boost target for green hydrogen in climate fight
(Reuters) - A global coalition of industrial companies said on Thursday it has boosted a target for emissions-cutting hydrogen generated with renewable power such as wind and solar energy. Companies and governments have touted green hydrogen, derived from water using electrolyzers powered by renewable energy, as a way to cut carbon emissions. But it now... Continue Reading →
EXCLUSIVE BlackRock raises $673 mln for climate-focused infrastructure fund
(Reuters) - BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets. The world's largest money manager hopes the fund, to be announced on Tuesday and dubbed the Climate Finance... Continue Reading →
Oil majors won’t ride to the rescue as world faces energy shortages
(Bloomberg) --The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter. Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the... Continue Reading →
Shell vows to halve scope 1 and 2 emissions by 2030
Oil major Shell has set a new target to reduce its Scope 1 and 2 emissions by 50 per cent compared to 2016 levels by 2030, regardless of the outcome of its appeal against the Dutch Court’s ruling. Shell announced an absolute emissions reduction target of 50 per cent by 2030, compared to 2016 levels on... Continue Reading →
Global green bond issuance could pass $1 trln next year, survey says
(Reuters) - Investors expect global green bond investment to double and reach $1 trillion for the first time in a single year by the end of 2022, a survey by the Climate Bonds Initiative showed on Thursday. The Climate Bonds Initiative, a London-based non-profit body that promotes investment in the low-carbon economy, forecasts that green... Continue Reading →
Upgrading Offshore Rig DP Systems Could Cut CO2 Emissions by 5,000t a Year, ADC Energy Says
ADC Energy, an Aberdeen-based offshore rig inspection firm, has announced the completion of a trial with "a major rig owner" that found that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by nearly 5,000 tonnes per year. "Typical DP drilling units operate in HV split-bus, or open-bus, configuration with the... Continue Reading →
