Financial fails on climate action, more risk tools and carbon market volatility continues
In this week’s roundup, we explore the latest news to affect investment trends and perspectives in the climate and sustainability space.
Shell Global
All Shell Global Posts
Europe’s biggest oil company quietly shelves a radical plan to shrink its carbon footprint
Six months after becoming the chief executive at Shell, Wael Sawan quietly ended the world’s biggest corporate plan to develop carbon offsets, the environmental projects designed to counteract the warming effects of CO2 emissions.
Shell exec downplays importance of new North Sea licences on energy security
A top economist at oil giant Shell (LON: SHEL) has cast doubt on the value of Westminster’s move to dish out scores of fresh exploration licences.
ClientEarth loses suit targeting Shell directors
Shell has seen off a lawsuit from ClientEarth at the High Court, but the NGO has said it will appeal.
Investors to run rule on Shell as ‘sin stocks’ prepare for H1 results
Analysts are forecasting a period of intensity scrutiny for Shell (LON: SHEL) as various “sin stocks” prepare to unveil their half-year results.
Shell explores sale of stake in renewables unit
Shell (LON: SHEL) is exploring options for its global renewable power operations, including a potential stake sale to outside investors, people with knowledge of the matter said.
Shell UK offshore wind head departs with shift back to oil and gas
The head of Shell Plc’s (LON: SHEL) UK offshore wind business is leaving the company amid a shift to spend more money on the oil and gas business that drives profits.
Shell sustainability head exits after only two years
Shell executive vice president for global renewable generation Thomas Brostrøm is leaving the company after under two years.
No oil major has plans to phase out fossil fuels: CDP
Analysis by CDP and the World Benchmarking has found that no member of the benchmark is expected to reduce its Scope 1, 2 and 3 emissions intensity at a rate sufficient to provide a credible pathway to a 1.5°C future.
UK Church shifts from engagement to divestment in fossil fuels
The Church Commissioners and the Church of England Pensions Board will independently divest the Church's £10.1 billion endowment and £3.5 billion pension funds from the fossil fuel industry.