energy industry

exxonmobil is accused of failing to reveal the full extent of their impact on the climate crisis

Major global firms accused of concealing their environmental impact

A $10tn (£7.9tn) investor alliance has accused more than 700 companies, including Amazon, Tesco and ExxonMobil, of failing to reveal the full extent of their impact on the climate crisis, water shortages and deforestation.

seven of the top 20 bp shareholders co-filed the resolution

City investors push for BP to be more open on climate change policy

Investors holding just under a tenth of all BP shares, equivalent to more than £10bn in value at Monday’s prices, put their names to the shareholder resolution, to be voted on at the company’s annual meeting next week, the Climate Action 100+ investor group revealed on Tuesday.

saudi aramco is reportedly the world’s most profitable company

Saudi Aramco says oil industry faces ‘crisis of perception’

Nasser’s speech did not explicitly mention climate change but he said one of the remedies to the sector’s image problem was to understand society wanted clean energy and a reduction in carbon dioxide emissions. Asked what the Paris climate agreement meant for Saudi Aramco, he boasted that the company would become a “global leader” in another fossil fuel – gas.

reforestation is seen as essential if the world is to restrict warming to 1.5c

Shell boss says mass reforestation needed to limit temperature rises to 1.5°C

Ben van Beurden says ‘another Brazil in terms of rainforest’ will help achieve UN target — The boss of Shell has said a huge tree-planting project the size of the Amazon rainforest would be needed to meet a tougher global warming target, as he argued more renewable energy alone would not be enough. Ben van …

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