Faroe shareholders ditch shares

Faroe shareholders ditch shares

Three institutional shareholders in Faroe Petroleum have sold a slice of their shares before a hostile bid for the oil company is expected to be formally proposed to investors this week. JP Morgan Asset Management, the National Farmers’ Union (NFU) and River and Mercantile Asset Management sold about a third of their holdings in the […]

By Energy Reporters |
Top investors demand tougher climate policies

Top investors demand tougher climate policies

Institutional investors concerned about climate change have asked governments to set tougher policies at the COP24 conference in the Polish coal-mining hub of Katowice. The United Nations’ annual climate change summit is trying to finalise the operating rules of the 2015 Paris climate agreement. The 415 investors overseeing US$32 trillion in assets signed a letter […]

By Energy Reporters |
US, Russia, Saudi Arabia and Kuwait block climate study

US, Russia, Saudi Arabia and Kuwait block climate study

Attempts to adopt a high-profile scientific study into the COP24 climate talks in the Polish city of Katowice have failed. The IPCC (Intergovernmental Panel on Climate Change) report on the impact of a temperature rise of 1.5°C was major news when it was published in October. Scientists and delegates were shocked as the delegations from […]

By Energy Reporters |
Building efficiency vital: Unep 

Building efficiency vital: Unep 

Governments and employers gathered in the Polish industrial city of Katowice for COP24, the annual UN climate change conference, have been told to boost efficiency in building construction and operation to tackle climate change.  “It’s critical we have a big change over the next couple of years in how we do buildings and construction”, said […]

By Energy Reporters |
Experts
Production
Qatar dumps Opec ahead of summit

Qatar dumps Opec ahead of summit

Qatar says it is leaving the oil cartel Opec (Organisation of the Petroleum Exporting Countries) next month after 57 years to focus on liquefied natural gas (LNG) as tensions continue with Saudi Arabia, the organisation’s principal member. The cartel, which supplies about a third of the world’s crude oil, is meeting in Austria this week. […]

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Transmission
1GW Belgium-UK link due for 2019 opening

1GW Belgium-UK link due for 2019 opening

A £600-million cable connecting the UK and Belgium national grids is about to be switched on, becoming the first of a new generation of interconnectors that will deepen the UK’s ties to continental Europe. It is due to enable up to 1 gigawatt of electricity to flow between countries, enough to power around a million […]

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Storage
Arsenal opts for battery power 

Arsenal opts for battery power 

Arsenal Football Club in north London has installed large-scale batteries in a bid to cut electricity costs and boost renewable energy. Installed below the Emirates stadium (pictured), the system is capable of powering the 60,000-seat ground for a match – the equivalent of 2,700 homes for two hours. Arsenal has worked in partnership with renewable […]

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Consumption
Macron fuel tax sparks protests

Macron fuel tax sparks protests

Demonstrators from the gilets jaunes (yellow vests) movement have blocked France’s road network to oppose President Emmanuel Macron’s new fuel taxes. Diesel, the most commonly used fuel in French cars, currently costs around 23 cents more than a year ago, rising to about €1.51 per litre, reportedly the highest point since the early 2000s. World […]

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Policy
Members states agree to renewable targets

Members states agree to renewable targets

By 2030, the EU will have to generate 32 per cent of its energy from renewable sources and reach an energy-efficiency target of 32.5 per cent, according to new guidelines that have been agreed by the European Council. The targets are set out in a revised directive on energy efficiency and renewables, which were adopted […]

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Environment
COP 24 activists condemn wealthy hypocrisy

COP 24 activists condemn wealthy hypocrisy

Environmentalists have organised a “toxic tour” on the sidelines of the UN COP 24 climate talks to expose the gap between the green claims of some countries and their actions on the ground. The protests at the event in the Polish city of Katowice come as delegates aim to agree before Christmas a rule book […]

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Industry
Faroe shareholders ditch shares

Faroe shareholders ditch shares

Three institutional shareholders in Faroe Petroleum have sold a slice of their shares before a hostile bid for the oil company is expected to be formally proposed to investors this week. JP Morgan Asset Management, the National Farmers’ Union (NFU) and River and Mercantile Asset Management sold about a third of their holdings in the […]

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Opinion

Tempering the Alarm about Sea Level Rise

Environment

New report on Sea Level Rise and Climate Change challenges the alarming predictions of 21st century sea level rise. “Antarctica meltdown could double sea level rise”. “The planet could become ungovernable”. Such headlines reflect the growing alarm over sea level rise. How worried should energy companies be about sea level rise? There are 287 energy […]

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Scrub, Scrub, Scrub Your Boat: Oilmen and Shippers Brace for IMO 2020

Opinion

Shipping drives the global economy and nurtures the fossil fuel-dominated global energy system. Oil-powered ships account for over 80% of global trade by volume and 70% by value. It is strange, then, how little attention ships’ greenhouse gas (GHG) emissions have received from the global community. The urgency of climate change, however, is finally changing […]

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