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HomeESG

ESG

Environmental, Social and Governance

ESG funds
ESG

70% of Passive ESG Funds Are Exposed to New Oil and Gas Projects

March 20, 2024 Mariel Alumit

A total of 70% of passive funds passed off as “sustainable” by five of the largest asset managers in the U.S. and Europe are exposed to companies developing new oil and gas projects, environmental organization […]

Japan
Downstream

Eight dead in chemical tanker capsize incident off Japan

March 20, 2024 Mariel Alumit

Asahi Shimbun (You Tube) At least eight crew members were killed after a South Korean-flagged chemical tanker anchored off the coast of Japan capsized. The 11-strong crew of the 1996-built tanker Keoyoung Sun requested assistance […]

Hapag-Lloyd
Biofuel

Hapag-Lloyd working on synthetic methane project to fuel its LNG-powered vessels

March 20, 2024 Mariel Alumit

Germany’s Hapag-Lloyd is working on a synthetic methane project as it looks to further reduce emissions from its fleet of LNG-powered containerships. Hapag-Lloyd operates the converted 15,000-teu containership, Brussels Express, the world’s first ultra-large containership LNG […]

Texas
Crude Oil News

Texas pulls $8.5B from BlackRock in stunning blow to ESG movement

March 19, 2024 Mariel Alumit

FIRST ON FOX: The State of Texas is terminating a massive $8.5 billion investment with trillion-dollar asset manager BlackRock over the state’s determination that the firm is engaged in a boycott of energy companies. In an announcement first […]

OIL
Big Oil Companies

CERAWEEK-BIG OIL EXECUTIVES PUSH BACK AGAINST CALLS FOR FAST ENERGY TRANSITION

March 19, 2024 Mariel Alumit

HOUSTON, March 18 (Reuters) – Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost […]

Granholm
ESG

US clean energy transition ‘undeniable,’ Granholm tells CERAWeek

March 19, 2024 Mariel Alumit

The US is undergoing an “undeniable” shift toward cleaner sources of energy despite an equally indisputable need to secure fossil fuel supplies for the foreseeable future, US Energy Secretary Jennifer Granholm said March 18 at […]

Talos Energy
Carbon Capture

Talos Energy Announces Divestiture of Talos Low Carbon Solutions Subsidiary to TotalEnergies

March 19, 2024 Mariel Alumit

HOUSTON, March 18, 2024 /PRNewswire/ — Talos Energy Inc. (“Talos”) (NYSE: TALO) today announced that it has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions LLC (“TLCS”), to TotalEnergies […]

Shell
Big Oil Companies

Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

March 19, 2024 Mariel Alumit

Introduces new target, but eliminates 2035 goal due to energy transition “uncertainty” Energy giant Shell announced today the release of “Energy Transition Strategy 2024,” the first update to its “Powering Progress” strategy, launched in 2021, […]

Saudi Aramco CEO
Crude Oil News

Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

March 18, 2024 Mariel Alumit

HOUSTON — Saudi Aramco CEO Amin Nasser said Monday that the energy transition is failing and policymakers should abandon the “fantasy” of phasing out oil and gas, as demand for fossil fuels is expected to […]

EPA
Crypto

EPA Requires all Oil and Gas Operators to Consider Bitcoin Mining

March 15, 2024 Mariel Alumit

In the final publication of EPA’s Standards of Performance for New, Reconstructed, and Modified Sources and Emissions Guidelines for Existing Sources: Oil and Natural Gas Sector Climate Review (Referred to as “NSPS OOOOb”) published in […]

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