oil and gas
The company has announced series of billing and service modifications to ensure continuous flow of gas and electricity
It has pledged to stop lending and offering underwriting services to companies with more than 15% activities related to coal as well as major oil and gas producers
The decision follows an in-depth investigation by the Competition and Markets Authority which highlighted serious competition concerns
It has also proposed to replace ‘Petroleum’ with ‘Energy in its name
The latest commitment supports its goal to reduce emissions to net zero by 2030
More than 100 corporations in 23 different countries signed PPAs last year
The International Energy Agency says oil and gas companies, with their ‘extensive know-how and deep pockets’, can play a crucial role in accelerating the deployment of offshore wind, carbon capture and hydrogen
The professional body is pledging to divest from oil, gas and mining companies by 2023 if they fail to demonstrate their operations are in line with the goals of the Paris agreement
It is the latest step in BP’s planned programme of £7.6bn of divestments by the end of 2020
ABB, Equinor, Chevron and Total tested the ‘pioneering and ground-breaking’ technology for 3,000 hours in shallow water at a sheltered harbour in Finland
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