Britain’s Strategy to Transition Oil and Gas Workers to Clean Energy Roles
Britain’s Plan to Retrain Oil and Gas Workers for Clean Energy Jobs With plans for a green transition, millions of workers in the oil, gas, and coal sectors have become concerned for their jobs, with news of massive cuts as the energy reliance in several countries shifts away from fossil fuels. However, there could be […]
Federal Oil and Gas Leasing Strategy May Extend to Maine Coastline
Federal oil and gas leasing plan could include Maine coast The Trump administration is developing an offshore oil and gas leasing plan that could include waters in the Gulf of Maine. The Natural Resources Council of Maine warns there are no economically recoverable fossil fuels in the region and that drilling risks environmental and economic […]
Doomsday Investors Warn of Imminent Market Volatility
Doomsday Investors Are Sounding the Alarm on Upcoming Volatility Hedge-fund managers who do best in choppy markets are not convinced by the postelection euphoria. These managers, like the $16 billion firm Universa Investments, believe warning signs are flashing. One data point signaling markets may be at a peak: Warren Buffett is holding more cash than […]
Canada Unveils Strategy to Reduce Oil and Gas Emissions by 35% by 2030
Canada Announces Plan to Slash Oil and Gas Emissions 35% by 2030 The Athabasca Oil Sands along the Athabasca River in Fort McMurray, Alberta, Canada. dan_prat / iStock / Getty Images Plus The Canadian government has issued a draft of new regulations for greenhouse gas emissions produced by oil and gas. The rules would limit […]
Backing Petroleum: bp’s Shift in Strategy Poses Risks for Climate and Investors
Backing Petroleum: bp’s transition U-turn is bad for the climate and investors This week, reports[i] have emerged of bp’s CEO Murray Auchincloss latest U-turn regarding bp’s transition strategy: the company has scrapped its previous relatively ambitious target of reducing oil and gas production by 25% by 2030 (vs 2019). Bp had made some headway towards […]