By Susanna Twidale LONDON, June 27 (Reuters) - Britain's new target to reach net zero greenhouse gas emissions by 2050 became law on Thursday, making it the first among the major G7 countries to set such a goal. Outgoing Prime Minister Theresa May had announced the target earlier this month, saying the plans were ambitious but crucial for protecting the planet for future … [Read more...]
Clean Energy Becomes Dominant Power Source in U.K.
By Jeremy Hodges (Bloomberg) --The U.K. will generate more energy from low-carbon sources than from fossil fuels this year for the first time since the Industrial Revolution. Wind, solar, hydro and nuclear plants provided 48% of the nation’s electricity in the first five months of 2019, according to the U.K. network operator National Grid Plc. Coal, which made up more than … [Read more...]
Renewable Energy Sector Hails New York State’s New Climate Plan
By Dave Gregorio NEW YORK, June 20 (Reuters) - Investors, developers and users of renewable energy at an industry conference in New York this week were buzzing about the state's ambitious plan https://www.reuters.com/article/us-climate-change-new-york/new-york-lawmakers-pass-aggressive-law-to-fight-climate-change-idUSKCN1TK2GT to reduce greenhouse gas emissions to zero by … [Read more...]
John Browne: Oil and Gas Companies Will Lead Energy Revolution
By John Browne (Bloomberg Opinion) -- When it comes to climate change, I have always been a believer: not in hand-wringing debate, not in unrealistic solutions like the elimination of hydrocarbons, but in the power of action. In 1997, as chief executive of BP, I was the first leader of a major oil company to acknowledge that climate change was a problem, and that the … [Read more...]
Statoil Drops the ‘Oil’: Shareholders Approve Name Change to Equinor
Shareholders of Norwegian energy giant Statoil have approved a proposal to change the company’s name from Statoil ASA to Equinor ASA reflective of the company's (and Norway's) growing focus on green energy. During annual general meeting (AGM) of shareholders held Tuesday, Statoil shareholders voted in favor of the board of directors’ proposal to change the company name to … [Read more...]