The Abu Dhabi National Oil Company (ADNOC) announced today an investment in UK-based carbon capture and storage project developer Storegga, acquiring a 10.1% stake in the company, and marking the energy giant’s first international equity investment in carbon management platforms. According to ADNOC, the investment forms part of the company’s initiative, announced last year, to allocate $15 billion to low-carbon…
Microsoft and clean energy company QCells announced today an eight-year strategic alliance, including the supply of 12 GW of U.S.-made solar panels and services, aimed at supporting Microsoft’s climate and renewable energy goals, and the development of a U.S. solar supply chain. The deal marks a significant expansion of a 2.5 GW agreement signed by the companies last year, and…
Former Conservative minister Chris Skidmore announced that he will resign his party whip and step down as a member of Parliament as soon as possible, in protest of the government’s plan to enable more licensing for oil and gas production in the North Sea. In his resignation letter, Skidmore, who served as Energy Minister in 2019 when the UK signed…
International asset manager Robeco announced the introduction of ocean sustainability and phasing out hazardous chemicals as two new focus themes that it will be discussing with companies in its 2024 engagements, in addition to stepping up pressure on high carbon companies to align with climate goals, and engaging with fashion companies to address key sustainability issues in the sector. According…