Britain’s bp exits Canadian oil sands and snaps up stake in offshore project

It is divesting its interest in the Sunrise oil sands project while buying a 35% interest in the Bay du Nord oil project from Cenovus Energy

Norway’s largest pension fund KLP divests from oil sands

It will also no longer invest in companies that derive more than 5% of their revenue from such firms

HSBC not banking on coal power stations

The new policy will apply globally except for three countries where projects may be given exemption “if no reasonable energy alternative can be found”

Shell to net $7.25bn in oil sands divestment

Shell is to net $7.25 billion (£6bn) in a move towards oil sands divestment. The oil and gas giant also announced it would reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10% as it outlined the next stage of its divestment plan. The company will sell its entire 60% interest in AOSP, its […]