commodities
Shell shareholders should oust chair, says influential adviser
Pirc and Church of England back calls for investors to vote against Sir Andrew Mackenzie at AGM.
Shell accused of ‘profiteering bonanza’ after record first-quarter profits of $9.6bn
The figure easily beats predictions and comes despite a fall in oil and gas prices.
Fossil fuels received £20bn more UK support than renewables since 2015
Researchers found that while renewable energy was given £60bn in support since 2015, fossil fuel companies were given close to £80bn.
How Putin’s plans to blackmail Europe over gas supply failed
Within eight months of Russia invading Ukraine, the EU’s 27 states had replaced about 80% of the natural gas they used to get from Moscow.
BP criticised over plan to spend billions more on fossil fuels than green energy
BP has been accused of prioritising fossil fuels over green energy as it plans to spend as much as double the amount on oil and gas projects than on renewable investments next year.
New Mexico needs more funding for oil and gas rules, officials say
Lawmakers in New Mexico were asked to provide more resources to oil and gas regulators during the upcoming legislative session, after the state recently enacted multiple new requirements intended to curb air pollution from fossil fuel operations.
Hamilton Nolan: The world is ablaze and the oil industry just posted record profits. It’s us or them
It is folly to assume that a system that has been constructed in part by the corporate power of the energy industry will find a way to rein in that same industry against its wishes.