The demand for change is coming from many sides: lawsuits, shareholders and the International Energy Agency have all turned up the heat on firms recently.
Wednesday, 02 Jun 2021 12:52 PM MYT
BP plans to reduce oil and gas production by 40 per cent within the next decade, chief executive Bernard Looney said. Reuters pic
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PARIS, June 2 Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies say they will wean themselves off fossil fuels at their own pace.
The demand for change is coming from many sides: lawsuits, shareholders and the International Energy Agency have all turned up the heat on firms recently.
Last week alone, a Dutch court ordered Shell to slash its greenhouse gas emissions, and investors used shareholder meetings to install activist board members at US oil giant ExxonMobil and demand deeper emissions cuts at rival Chevron.
Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies say they will wean themselves off fossil fuels at th
Global oil giants vow energy transition, at their own pace kuwaittimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.net Daily Mail and Mail on Sunday newspapers.
Oil majors vow energy transition at their own pace
AFP, Paris
Oil majors are under growing pressure to stop drilling for crude to help curb climate change, but companies have said that they would wean themselves off fossil fuels at their own pace.
The demand for change is coming from many sides: Lawsuits, shareholders and the International Energy Agency (IEA) have all turned up the heat on firms.
Last week alone, a Dutch court ordered Royal Dutch Shell PLC to slash its greenhouse gas emissions, and investors used shareholder meetings to install activist board members at US oil giant Exxon Mobil Corp and demand deeper emissions cuts at rival Chevron Corp.