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ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts
U.S. oil and gas producer ConocoPhillips unveiled on Monday a target to reduce emissions from its operations to net zero by 2045-2055 in a first announcement from a major American oil firm setting specific targets to cut its carbon footprint.
read more... 20/10/2020
Four Big Takeaways From the IEA’s World Energy Outlook
Once a year, the International Energy Agency attempts to impose some order on the chaotic world of oil, gas, power and carbon by publishing detailed scenarios on how the next few decades might unfold.
read more... 19/10/2020
Global CO2 emissions show biggest ever drop in first half of 2020
Global carbon dioxide emissions fell by 8.8% in the first six months of this year, the biggest drop for a first half-year period, due to the effects of coronavius-related restrictions, a study showed on Wednesday.
read more... 15/10/2020
Daily (12.10.2020): European carbon prices fell to a seven-week low on Friday following heavy auction supply and Covid worries
The end of one of the oil workers’ strike in Norway led to a ramp up in crude output on Friday, thereby weighing on oil prices. Hence, Brent crude decreased by 1.1% to $42.85 a barrel. Similarly, WTI futures lost 1.8% to trade at $39.95 a barrel.
read more... 12/10/2020
EU Parliament votes for 60% carbon emissions cut by 2030
The European Parliament voted on Tuesday (6 October) to update the EU’s climate target for 2030, backing a 60% reduction in greenhouse gas emissions by the end of the decade, up from 40% currently.
read more... 08/10/2020