sustainability
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Exxon Talks Continue on Shallow-Water Block in Guyana Auction, Company Says
Date: December 3, 2024
HOUSTON (Reuters) – U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana’s government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon, Hess and CNOOC won offshore block S8 in a bidding round launched in late 2022 by President Irfaan Ali’s administration. The...
Exclusive-Norway Wealth Fund’s Watchdog to Probe Shoemakers, Crypto Firms Over Ethics in 2025
Date: December 3, 2024
By Gwladys Fouche OSLO (Reuters) -The Norwegian sovereign wealth fund’s ethics watchdog will next year investigate shoemakers, crypto firms and gambling operators in which the fund has holdings for potential ethical breaches, which could lead the influential investor to sell its shares. The world’s largest sovereign wealth fund, which owns 1.5% of listed shares across...
Norway Stops Deep-Sea Mining, for Now
Date: December 2, 2024
By Gwladys Fouche and Nerijus Adomaitis OSLO (Reuters) -A small leftwing environmentalist political party in Norway succeeded on Sunday in blocking plans to mine the sea bed at the bottom of the Arctic, by demanding the government scrap its first licensing round in return for support for the budget. “We are stopping plans to open...
Scottish Power Invites Grangemouth, Isg Workers to Apply
Date: December 2, 2024
LONDON (Reuters) – Iberdrola’s Scottish Power said it is seeking 1,000 recruits next year and has urged workers facing redundancy at the Scottish Grangemouth oil refinery and British construction firm ISG to apply for roles. Britain increased the ambition of its climate targets at last month’s annual U.N. climate talks and said it is aiming...
Why Nature Risk Is the Next Frontier in Financial Risk Management
Date: December 2, 2024
By Sebastian Leape, CEO of Natcap Financial institutions have mastered climate risk assessment, they must now urgently expand their risk management capabilities to address nature risk (the financial exposure from degradation of ecosystems, biodiversity loss, and depletion of natural resources), which impact over $44 trillion in global economic value and face increasing regulatory scrutiny. The regulatory...
World Court to Open Climate Change Hearings
Date: December 2, 2024
By Stephanie van den Berg THE HAGUE – The United Nations’ top court on Monday starts hearings on the legal obligation of countries to fight climate change and the consequences for states of contributing to global warming, the outcome of which could influence litigation worldwide. Vanuatu, one of the small island states that spearheaded the...