ExxonMobil to cut 1,900 US jobs as pandemic ‘makes the need for reorganisation urgent’

The layoffs will affect employees at the oil giant’s management offices in Houston, Texas

Changes are coming; are we ready?

With both the American election and winter around the corner, as well as rising COVID cases spurring new measures and lockdowns, how are markets reacting?

Vancouver becomes first city to endorse Fossil Fuel Non-Proliferation Treaty

The Treaty aims to foster international co-operation to end expansion into new reserves of coal, oil and natural gas to limit carbon emissions and advance an equitable transition to clean energy

‘No major fossil fuel firm is aligned to limiting climate change to 2°C’

The Transition Pathway Initiative claims all fossil fuel giants are still wide’ of the 2°C mark, despite a raft of ‘attention-grabbing’ climate commitments

US, UAE and Israel to develop joint energy strategy

They have agreed to develop an energy partnership that drives innovation and prosperity and that they claim ‘will help solve the energy challenges facing the Palestinians’

VAT subsidy on domestic gas ‘mostly benefits wealthier households’

The government is being urged to end the 5% VAT rate on domestic heating fuels and redistribute the revenues to help those on low incomes to heat their homes

Electricity under lockdown: cheaper, cleaner, but harder to control

The latest Drax Electric Insights report shows the impact lockdown had on our electricity system. The report, conducted via Imperial Consultants, by academics from Imperial College London, is an independent analysis of Great Britain’s electricity system during the second quarter of 2020.

UK Government to review offshore oil and gas licensing regime

The review looks to ensure the government has the necessary information to plan for continued oil and gas production in a manner ‘aligned with tackling climate change’

Around 80% of Scottish oil workers ‘considering career impacts of climate change’

New research from industry body Scottish Renewables suggests 77% of oil and gas employees are positive about retraining to join the renewable sector

Chevron to power oil and gas operation with 500MW renewables

The projects will power Chevron’s operations in the US Permian Basin, Argentina, Kazakhstan and Western Australia