Now playing Next Green News Ban fossil fuel advertising worldwide, UN chief urges António Guterres called fossil fuel companies the ‘godfathers of climate chaos’ being ‘aided and abetted’ by advertising and PR companies. 06/06/2024
Now playing Next Green News Push for deal on ‘green claims’ rules raises fears of double standards Incoming EU legislation could force petroleum firms to temper their claims to be heading for net-zero emissions, but raises questions over the use of offsetting to fulfil climate action pledges. 28/05/2024
Now playing Next Business Chevron calls a halt to North Sea drilling as energy tax burden climbs Chevron becomes the latest energy company to pull out of North Sea operations because of the continuing controversy over the "windfall" tax on energy giants. 17/05/2024
Now playing Next Green News Industry backers say Europe needs a carbon capture tsar With real-world development lagging far behind the rhetoric of policy makers in Brussels, industry groups and big oil agree the EU needs a 'CCS tsar' to make the case for a climate solution that still attracts a lot of mistrust 15/05/2024
Now playing Next Business BP's billion-dollar share buyback plan stays despite net profits fall BP's net profit for the first quarter saw a further decline owing to weakened oil and gas prices. Despite this, the oil giant has reaffirmed its commitment to the share buyback plan of $3.5 billion in the first half of the year. 08/05/2024
Now playing Next Business BP pledge to cuts costs as profits fall below expectations Energy giant BP is to launch a major cost-cutting programme after Q1 profits were hit by falling gas prices and a refinery outage and earnings fell short of analyst forecasts. 07/05/2024
Now playing Next Green News Big Oil is in hot water over climate change ‘deception’ A new report released by US Democrats has shown that many big oil companies have willingly misled the public about their opinions on the dangers of climate change. 01/05/2024
Now playing Next Climate Euroviews. Keep the Big Oil lobby out of policymaking — like we did with tobacco It is impossible to ignore the evidence of the harm caused by big oil and gas companies. Turning to them to decrease dependency on fossil fuels is like asking the tobacco industry for advice on how to stop smoking, Anna Gilmore writes. 29/04/2024
Now playing Next Green News NGOs demand stringent criteria for ‘low-carbon’ hydrogen The European Commission has been urged to consult broadly and take a methodical approach to defining new 'low-carbon-fuels, amid concerns that hastily drafted legislation could promote the unsustainable use of fossil gas. 02/04/2024
Now playing Next Economy Oil and gas giants see profits fall back after bumper 2022 The only company on the list with better full-year results than in 2022 was French Total Energies, which in February reported the highest net profit of its history for 2023. 06/03/2024
Now playing Next Markets TotalEnergies shares slide as company reports fall in earnings Shares in France's TotalEnergies declined on Wednesday morning after the company reported a 31% drop in fourth-quarter (Q4) earnings. 07/02/2024
Now playing Next Business BP sees profits for 2023 plunge, but still second highest in decade BP has been trying to transition into renewable and more sustainable energy for some time but has suffered a series of setbacks. 06/02/2024
Now playing Next Europe News Euroviews. Norway's latest plan for Arctic deep sea mining will inevitably sink Norway’s decision to open up the Arctic to mining may just be the spark that torches the industry’s entire future, Louisa Casson writes. 17/01/2024
Now playing Next Business Shell to sell huge part of Nigeria oil business in $2.4 billion deal The London-based energy giant has faced decades-long local criticism for the environmental impact of its oil exploration in Nigeria. 17/01/2024
Now playing Next Markets Euroviews. Oil price forecast for 2024: What’s in store for global crude? Despite the headwinds in 2024, consumers might be able to breathe a sigh of relief as oil prices are expected to remain range-bound or trend downwards as compared to 2023, Osama Rizvi writes. 25/12/2023
Now playing Next Green News Euroviews. COP28: A historic outcome, but for whom? To make the COP28 outcome truly “historic”, we need to free the talks — and our political and economic systems — from the oily grip of the fossil fuel industry, Pascoe Sabido writes. 18/12/2023
Now playing Next Kuwait Kuwait's ruling emir, Sheikh Nawaf Al Ahmad Al Sabah, dies at 86 His death comes after was rushed to a hospital for an unspecified illness in late November. 16/12/2023
Now playing Next Green News Climate activists targeted by hacking scheme say public is real victim The climate activists targeted by the hacking scheme say it had a "completely detrimental, chilling effect" on their work. 17/11/2023
Now playing Next World News Euroviews. If you’re saying no to war, you have to say no to oil Fossil fuels fund war. That might be a sentiment you’ve seen or heard before, plastered onto placards or shouted by activists. But what does it really mean, Lucy Hall writes. 02/10/2023
Now playing Next World News Euroviews. We have to back COP28. It’s the most ambitious climate plan in history If COP28 brokers a global climate deal on these proposals, it would help fast-track a just transition away from fossil fuels. If it fails, the chances of such a transition will be dangerously diminished, Prof İbrahim Özdemir writes. 29/09/2023