Big Oil backtracks on renewables push as climate agenda falters
1 week, 4 days ago

Big Oil backtracks on renewables push as climate agenda falters

The Hindu  

Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025. The retrenchment by oil majors comes after governments around the world slowed the rollout of clean energy policies and delayed targets as energy costs soared following Russia’s full-scale invasion of Ukraine in 2022. Big European energy companies that had invested heavily in the clean energy transition found their share performance lagging U.S. rivals Exxon and Chevron, which had kept their focus on oil and gas. All those tensions were laid bare at the annual United Nations climate conference in Baku in Azerbaijan in November, when the host country’s President Ilham Aliyev, hailed oil and gas as “a gift from God”. Trump has vowed to remove the United States from global climate efforts, and has appointed another climate sceptic, oil executive Chris Wright, as his energy secretary.

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History of this topic

'Flat out wrong': Trump pick slammed by the scientists whose work he quotes
1 month ago

'Flat out wrong': Trump pick slammed by the scientists whose work he quotes

Raw Story  

President-elect Donald Trump's choice to lead the Department of Energy, oil executive Chris Wright, has a long history of sneering at scientists who warn about the dangers of manmade climate change. “What he is saying is flat out wrong,” said Jim Kossin, a climate scientist who authored a section of the United Nations’ Intergovernmental Panel on Climate Change report that …

Trump nominates climate change sceptic Chris Wright as energy secretary
1 month, 3 weeks ago

Trump nominates climate change sceptic Chris Wright as energy secretary

Al Jazeera  

Chris Wright, a fracking magnate, has said ‘there is no climate crisis’ and champions fossil fuel production. President-elect Donald Trump has nominated Chris Wright, a prominent fracking magnate and outspoken climate change sceptic, to serve as energy secretary in his upcoming administration. “As Secretary of Energy, Chris will be a key leader, driving innovation, cutting red tape, and ushering in …

Who is Chris Wright, from climate change critic to Trump's new Energy Secretary?
1 month, 3 weeks ago

Who is Chris Wright, from climate change critic to Trump's new Energy Secretary?

India Today  

US President-elect Donald Trump picked oil industry CEO Chris Wright to head the Energy Department, paving the way for a vocal critic of Biden administration efforts to combat climate change to run the department. On his social media platform, Truth Social, Donald Trump described Chris Wright as a "leading technologist and entrepreneur in energy." CRTIC OF POLICIES TO CURB CLIMATE …

Trump announces oil executive Chris Wright as his pick for energy secretary
1 month, 3 weeks ago

Trump announces oil executive Chris Wright as his pick for energy secretary

NPR  

Trump announces oil executive Chris Wright as his pick for energy secretary toggle caption Alastair Pike/AFP via Getty Images President-elect Donald Trump said on Saturday he picked oil executive Chris Wright to be the secretary of energy, a role in which he's likely to promote fossil fuel development and reverse many Biden-era initiatives. "As Secretary of Energy, Chris will be …

US signals it will push for widening pool of climate finance contributors
Trending News
1 month, 4 weeks ago

US signals it will push for widening pool of climate finance contributors

Hindustan Times  

The United States has signalled it will push for widening the pool of climate finance contributors at COP29, all but confirming what is feared to be turning into a major clash with developing nations over funding responsibilities. White House Senior Advisor for Clean Energy and International Climate Policy, John Podesta, holds a press conference during the United Nations climate change …

U.S. top climate negotiator: ‘We won’t revert back’ as Trump prepares to take over
1 month, 4 weeks ago

U.S. top climate negotiator: ‘We won’t revert back’ as Trump prepares to take over

LA Times  

John Podesta, U.S. climate envoy, speaks during a news conference at the COP29 U.N. No matter what kind of U-turn President-elect Donald Trump will make on climate change, America’s clean energy economy won’t reverse into the dirty past, a combative but “bitterly disappointed” top American climate negotiator said Monday. “Fortunately, many in our country and around the world are working …

Trump’s victory promises to shake up U.S. energy and climate policy, analysts and activists say
2 months ago

Trump’s victory promises to shake up U.S. energy and climate policy, analysts and activists say

NPR  

Trump’s victory promises to shake up U.S. energy and climate policy, analysts and activists say toggle caption Evan Vucci/AP/AP During a victory speech early Wednesday, Donald Trump boasted of the country’s vast reserves of oil and natural gas. “But there is a legitimate vein of opportunism, of entrepreneurial spirit, of new jobs, of new economics, of business people, of entrepreneurs, …

Trump’s EPA chief thinks Biden’s climate rules are doomed. But will Biden’s dollars survive?
7 months, 2 weeks ago

Trump’s EPA chief thinks Biden’s climate rules are doomed. But will Biden’s dollars survive?

Politico  

And Wheeler said he would be willing to take a lead role himself in erasing Biden’s most ambitious rules, which he contended were “rushed,” are legally dubious and would cause crippling blackouts. “I had a very good working relationship with the president, and I cherish that.” Trump campaign spokesperson Karoline Leavitt would not comment on Wheeler specifically, but said in …

Climate, a major separator for Biden and Trump, is a dividing line in many other races, too
9 months, 4 weeks ago

Climate, a major separator for Biden and Trump, is a dividing line in many other races, too

Associated Press  

RALEIGH, N.C. — The race for the White House isn’t the only one with big stakes for climate policy. Robinson thinks President Joe Biden’s push to abolish fossil fuels is a failure, he blames Democrats for “crippling utility bills” and he supports nuclear power as clean energy, his campaign said. “Let’s work together to look at every reasonable option without …

Big Oil just gifted us a lump of coal
1 year ago

Big Oil just gifted us a lump of coal

Raw Story  

Watching Republicans ignore climate change while the planet cooks is like being trapped in the backseat of a car, windows rolled up and locked, with a chain-smoking uncle. The U.S. special envoy for climate change, John Kerry, called the pact “the most important decision since the Paris agreement.” The UN describes the agreement as “the beginning of the end of …

Despite climate goals US oil boom shows, ‘World wants for more energy, not less’
1 year ago

Despite climate goals US oil boom shows, ‘World wants for more energy, not less’

Hindustan Times  

The world may be pushing for renewable energy and climate change action, but guess what? - Bob McNally, President of Rapidan Energy Group Surpassing Trump-era records Last month, weekly US oil production hit 13.2 million barrels per day, just edging past the previous record set during the Trump era. Despite geopolitical tensions affecting energy prices globally, America's oil is trading …

For the first time, U.N. climate summit calls on world to ‘transition away’ from fossil fuels
1 year ago

For the first time, U.N. climate summit calls on world to ‘transition away’ from fossil fuels

LA Times  

Nearly 200 countries agreed Wednesday to move away from planet-warming fossil fuels — the first time they’ve made that crucial pledge in decades of United Nations climate talks, though many warned that the deal still had significant shortcomings. “This document sends very strong messages to the world.” U.N. Secretary-General António Guterres said in a statement that “for the first time, …

Climate tension: UN chief chides Biden, other world leaders
1 year, 8 months ago

Climate tension: UN chief chides Biden, other world leaders

Associated Press  

WASHINGTON — U.N. Secretary-General Antonio Guterres bluntly challenged the climate efforts of President Joe Biden and other world leaders Thursday in a message for a White House summit, charging that expanded oil and gas drilling and other policies of the richest countries amount to a “death sentence” for the planet. While praising many U.S. climate efforts, advocates especially fault Biden’s …

Climate groups decry selection of oil chief to oversee COP28
1 year, 11 months ago

Climate groups decry selection of oil chief to oversee COP28

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Hundreds of climate and environmental …

US panel accuses ‘Big Oil’ of disinformation over climate plans
2 years, 1 month ago

US panel accuses ‘Big Oil’ of disinformation over climate plans

Al Jazeera  

House Oversight Committee says oil companies are ‘lying’ about promises to reduce greenhouse gas emissions. “It’s time for the fossil fuel industry to stop lying to the American people and finally take serious steps to reduce emissions and address the global climate crisis they helped create.” The panel said a “key part” of the oil companies’ climate plans has been …

Fuel firms should pay for climate harm, UN leaders told
2 years, 3 months ago

Fuel firms should pay for climate harm, UN leaders told

Associated Press  

Rich energy companies should be forced to fork over some windfall profits to aid victims of climate change and offset rising fuel and food costs, the U.N. Secretary-General told world leaders Tuesday. He claimed many fossil fuel companies are “at the forefront of the clean energy revolution and in most cases driving the innovation needed to make an energy transition.” …

New framework bolsters Biden’s hand as climate summit begins
3 years, 2 months ago

New framework bolsters Biden’s hand as climate summit begins

Associated Press  

WASHINGTON — President Joe Biden heads to a United Nations climate conference Monday energized by a new legislative framework that, if enacted, would be the largest action ever taken by the United States to address climate change. Biden called the plan “the most significant investment to deal with the climate crisis that ever happened, beyond any other advanced nation in …

House panel plans to subpoena oil companies as executives are grilled on climate disinformation
3 years, 2 months ago

House panel plans to subpoena oil companies as executives are grilled on climate disinformation

LA Times  

Democratic lawmakers denounced the leaders of the some of the world’s largest oil companies Thursday, accusing executives of Exxon Mobil, BP, Shell and Chevron of spending decades downplaying, or outright denying, the scientific consensus that burning fossil fuels causes climate change. But, he said, “any suggestion that Chevron is engaged in an effort to spread disinformation and mislead the public …

Biden’s Climate Agenda Is Colliding With Trump’s Judiciary
3 years, 6 months ago

Biden’s Climate Agenda Is Colliding With Trump’s Judiciary

Huff Post  

LOADING ERROR LOADING President Joe Biden’s push to combat planetary warming is running headfirst into the industry-friendly, anti-environmental legacy of his Republican predecessor. But the ruling highlights perhaps the biggest obstacle to Biden’s climate agenda: a judiciary packed with conservative judges who share former President Donald Trump’s loyalty to the fossil fuel industry. “The oil and gas leasing pause is …

Big Oil Companies Take Some Big Hits On Climate Change
3 years, 7 months ago

Big Oil Companies Take Some Big Hits On Climate Change

NPR  

Big Oil Companies Take Some Big Hits On Climate Change A hedge fund invests its way onto the board of ExxonMobil in order to push the firm toward cleaner energy. A tiny hedge fund managed to place two new directors on Exxon's board, and maybe more, in an attempt to shift Exxon's business strategy toward renewable energy. DOMONOSKE: Well, a …

Column: Exxon Mobil’s showdown with the consequences of climate change starts now
3 years, 7 months ago

Column: Exxon Mobil’s showdown with the consequences of climate change starts now

LA Times  

For decades, Exxon Mobil has held a well-deserved reputation as one of the nation’s leading bulwarks against addressing climate change. ISS, which advised clients to support three of the four alternative board nominees, wrote in its advisory that the hedge fund had presented “convincing arguments” that Exxon Mobil hadn’t adequately positioned itself for a transition from fossil to renewable fuels …

As climate fight shifts to oil, Biden faces a formidable foe
3 years, 9 months ago

As climate fight shifts to oil, Biden faces a formidable foe

Associated Press  

— President Joe Biden’s bid to tackle climate change is running straight through the heart of the U.S. oil and gas industry -- a much bigger, more influential foe than Democrats faced when they took on the coal industry during the Obama years. Fast forward to 2021 — and oil and gas have eclipsed coal to become the biggest human …

Biden: ‘We can’t wait any longer’ to address climate crisis
3 years, 11 months ago

Biden: ‘We can’t wait any longer’ to address climate crisis

Associated Press  

WASHINGTON — In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting subsidies for those industries. It is time to act.’' He said his orders will “supercharge our …

Biden: ‘We can’t wait any longer’ to address climate crisis
3 years, 11 months ago

Biden: ‘We can’t wait any longer’ to address climate crisis

Associated Press  

WASHINGTON — In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders Wednesday to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting subsidies for those industries. It is time to act.’' He said his orders will “supercharge …

Oil companies must cut production by 35% to meet Paris climate accord numbers by 2040: report
5 years, 2 months ago

Oil companies must cut production by 35% to meet Paris climate accord numbers by 2040: report

Salon  

"We estimate that as a group, the major oil and gas companies need to reduce production by 35% to 2040 to stay within their B2DS budgets," the report explains. "As oil and gas majors keep one foot a decarbonizing world and one foot in business as usual this report shows how that position is untenable for much longer," tweetedFletcher School …

Trump-appointed energy official: Climate change is real and we must lower carbon emissions
5 years, 8 months ago

Trump-appointed energy official: Climate change is real and we must lower carbon emissions

CNN  

New York CNN Business — A top federal energy regulator appointed by President Donald Trump is calling for urgent action to address climate change. Wednesday’s comments by Neil Chatterjee mark a striking contrast with Trump, who has voiced skepticism about climate change and recently suggested wind power causes cancer — despite no evidence to support that. Power emissions drop Natural …

SEC sides with Exxon by blocking major climate vote
5 years, 9 months ago

SEC sides with Exxon by blocking major climate vote

CNN  

New York CNN Business — ExxonMobil has dodged a climate change shareholder vote — with some help from the SEC. We can’t get to the goals of Paris without radically reducing fossil fuel use.” Mindy Lubber, CEO of nonprofit sustainability group Ceres Exxon argued that the proposal is “vague and indefinite,” seeks to “micromanage the company” and has already been …

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