climate

HSBC will stop funding new oil and gas fields

HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut carbon emissions, as...

Siemens Energy halves emissions in its operations

Siemens Energy said it improved in almost all areas of sustainability this past year, as reflected in its fiscal year 2022 Sustainability Report. “Our mission...

Essar Oil to build £360 mn carbon capture plant at its Stanlow refinery

Essar Oil UK plans to build a £360 million carbon capture plant at its Stanlow refinery to meet its goal of becoming a leading low...

Climate finance tops COP27 agenda as talks focus on pledges

The 2022 United Nations Climate Change Conference (COP27) focused on implementing existing pledges rather than adopting stricter global emissions reduction targets, Moody’s said. Aside from...

Schneider Electric-backed SE Ventures plans €500 mn VC fund

SE Ventures -- backed by Schneider Electric -- announced a €500 million Fund II focusing on making VC investment in climate and industrial technology. Fund II...

COP27 deadline slips and negotiators now hope for the best

UN has revealed that negotiators are trying to make a final push for a deal at the COP27 climate talks in Egypt on Saturday,...

COP27 did not make the necessary progress: GlobalData

The UN COP27 in Egypt did not make the necessary progress as last year’s COP26 agreement pact to work towards a 1.5C rise in...

GWEC report on wind energy potential in developing economies

The Global Wind Energy Council (GWEC) has released a Summary for Policymakers at COP27 on the socioeconomic and environmental opportunities attached to wind energy...