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Oil Majors Pledge to Combat Methane Emissions at COP28

Fifty oil companies, who comprise approximately half of the world's oil production, pledged at the COP28 summit to reach near-zero methane emissions and end routine flaring by 2030, Sultan al-Jaber, president of the climate change summit, announced. Among the signatories are Brazil's Petrobras, Saudi...

COP28 Members to Contribute Billions to Energy Transition Efforts

Several major players have pledged to contribute major sums towards renewable energy efforts at the COP28 summit on Saturday. These members include the United States, the European Union, and the United Arab Emirates. US Vice President Kamala Harris announced that her nation will contribute $3...

Airlines Expect Major Travel Changes To Reduce Emissions

Executives at the International Air Transport Association as well as leaders of several airlines are looking to reduce air travel emissions in an effort to address climate concerns as the demand for sustainability grows. "It is kind of a new era," Callaway Climate Insights Founder...

Toyota Climate Resolution Receives Backing From ISS

Proxy adviser Institutional Shareholder Services (ISS) has thrown its support behind a climate change resolution that is set to be introduced in the Toyota Motor Corp's next shareholder meeting. The resolution calls on Toyota to provide more disclosure to shareholders with regard to its...

G7 Resumes Support for Gas Investments in Latest Meeting

The Group of Seven nations agreed during their meeting on Saturday to reinstate support for gas investments amid concerns by climate change activists that this move could compromise climate change goals. The G7 called this a "temporary" step that would help the nations concerned...

Institutional Shareholder Services Advises Shell Stakeholders to Vote Against Climate Resolution

Proxy advisory firm Institutional Shareholder Services (ISS) warned Shell stakeholders on Saturday to vote against a climate activist resolution that has been introduced by the firm while still admitting that it does notice the merits of the proposal. Shell investors are set to vote on...