On one hand, they must satisfy the big investors who are rewarding companies with progressive climate policies and dumping heavy polluters; yet on the other, they can’t risk cutting the generous dividends that keep shareholders sweet.How energy companies navigate this maze could determine the winners and losers in a lower-carbon future, and help govern whether the world can rein in warming. So no pressure, then.
“It feels like we are at the epicentre of this debate. We sit right there between energy needs and climate change,” said Al Cook, executive vice-president of Norway’s energy giant Equinor. Europe’s top oil firms have all set carbon reduction goals of various breadth. Shell has set out an “ambition” to halve “Scope 3” emissions by 2050 from fuels and products sold to customers rather than from its own operations.Companies might tout green credentials to satisfy sustainable investors and activists, but how can they pay the bill?
He said the industry would focus in coming years on reducing methane emissions from their own operations, which constitute 15% of all global greenhouse emissions. Jafar argues that if the world replaced all coal with gas, it would achieve the Paris climate target of by keeping global warming to well below 2 degrees Celsius. The problem is that the biggest coal consumers, China and India, will not be able to do that for years if not decades, he said.
globebusiness The oil industry should not even be considering Greta. Her admonishments of world economic forum leaders is ridiculous and pathetic.
globebusiness Hate to say so but both are infantile!
globebusiness Who cares about either of these people. No substance
globebusiness Send girl back to School!
globebusiness Is she planing to go back to school🤔 Big corporations are using her like toilet paper🧻
globebusiness Lol! There is NO comparison. GretaThunberg is an alarming visionary waking us up to reality realDonaldTrump IS NOT in the same league and doesn’t deserve to be mentioned in any positive discussion about the Climate Emergency.
globebusiness It’s an easy win. Trump! And I don’t even like the guy, but he knows a lot more than Greta!