Petrochemical sector handed $759 billion estimate for net zero transition

BloombergNEF report says investment in electrification and carbon capture and storage could slash emissions across the petrochemical industry Is it possible to fully decarbonise the global petrochemicals industry? It is a crucial question given the sector’s out-sized carbon footprint and critical role in so many global supply chains. And the answer, according to a major … Read more

Schroders backs shareholder demands for emissions cuts from oil and gas giants

Asset management giant Schroders is urging oil and gas giants to set climate targets in line with the Paris Agreement, as part of a push to encourage a faster transition to net zero emissions. The investor yesterday announced it was pre-declaring its voting intentions for upcoming shareholder resolutions at Chevron, ExxonMobil, and Shell, which aim … Read more