At the Oil and Money conference in London last year, Shell’s CEO Ben van Beurden was worried that his audience might think that Shell had “gone soft” on oil and gas. He was keen to reassure them that, “Shell’s core business is, and will be for the foreseeable future, very much in oil and gas.”
Tag: Fossil fuels
Oil company Eni plans 8.1 million hectare land grab in Africa for carbon offset plantations
Italian oil and gas company Eni has announced plans to establish plantations over an area of 8.1 million hectares in Africa. The proposal is part of the company’s plans for greenhouse gas emissions from its exploration and production operations to be “net zero” by 2030.
Oil, climate change, and Patricia Espinosa’s short memory
Patricia Espinosa, Executive Secretary of the UNFCCC, was in Weimar, Germany this week. In her first speech since COP 24, she said that the UN climate meeting in Katowice reached an “extremely successful outcome”. Of course Espinosa doesn’t mean that the meeting was successful in addressing climate change. She just means that it was successful…
Norwegian oil giant Equinor’s plans to burn the planet and buy REDD offsets praised by UNFCCC executive secretary Patricia Espinosa
On 20 November 2018, Equinor, one of the largest oil and gas firms in the world, wrote to Patricia Espinosa, the Executive Secretary of the UN Framework Convention on Climate Change. The first sentence spells trouble. “The way you lead the important work to deliver solutions to the global climate challenge is of great inspiration…
Are Indonesia’s peatland fires worse than burning coal?
Harold Tjiptadjaja is Managing Director and Chief Investment Officer of Indonesia Infrastructure Finance, an institution created by the World Bank, the Asian Development Bank, and Indonesia’s Ministry of Finance. IIF funds oil and gas projects, airports, toll roads, seaports, and power generation, among other things. This week Eco-Business reported Tjiptadjaja as saying that “Deforestation poses…