climate change

Sustainability: “We Should Take Climate Change Seriously” – BP Manager

Posted on March 6, 2019 by Mozambique Resources Post

The world and the oil and gas industry need to start tackling in earnest climate change, Spencer Dale, group chief economist at supermajor BP, told The Washington Post in an interview published on Tuesday. “All the climate arguments are real, urgent and important,” Dale told The Washington Post’s Dino Grandoni. The longer the industry and the world wait until they start addressing carbon emissions, the more “draconian” changes the global economy will see in the…

Sustainability: Global investors say lack of climate action risks financial crash

Posted on December 12, 2018December 12, 2018 by Mozambique Resources Post

Global investors managing a combined $32 trillion in assets warned negotiators at the UN climate summit that the lack of action on climate change could provoke a financial crisis much deeper than the 2008 meltdown. For instance, investment firm Schroders said that the global economy could see losses of $23 trillion in the long run without rapid action. On the contrary, a rapid clean energy transition could result in enormous benefits. “The low-carbon economy presents…

Sustainability: World Bank Pledges $200 Billion Climate Action Investment

Posted on December 4, 2018 by Mozambique Resources Post

The World Bank Group said on Monday that it would double its current five-year investments to US$200 billion in the period 2012 through 2025 to support countries in their climate action plans.

Industry Analysis: “Why continued investment in gas infrastructure is not optional” – GGP

Posted on November 23, 2018 by Mozambique Resources Post

With the Paris Agreement and energy transition plans top-of-mind challenges for many energy policymakers, some have been debating the merit of continued investment in natural gas infrastructure. BY: TATIANA KHANBERG

Global Markets: New York Sues ExxonMobil For Investor Fraud

Posted on October 26, 2018 by Mozambique Resources Post

The New York attorney general is suing ExxonMobil, arguing that the oil major misled investors regarding its risks related to climate change.

Sustainability: Climate crisis spurs UN call for $2.4tn fossil fuel shift

Posted on October 9, 2018 by Mozambique Resources Post

The world must invest $2.4-trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations. Their report published Monday adds pressure on policymakers and businesses to step up their response to global warming, which is boosting sea levels, making storms more violent and exacerbating poverty. The atmosphere is already almost 1…

Sustainability: Mozambique among Countries at Risk as Temperature Soars

Posted on July 17, 2018July 17, 2018 by Mozambique Resources Post

A study on Monday, July 16, has shown that more than a billion people, including Mozambicans, are at risk from a lack of air conditioning and refrigeration as global warming brings more high temperatures.

Sustainability: Mega investors urge G7 to speed up climate action, set coal aside

Posted on June 8, 2018 by Mozambique Resources Post

OSLO – Institutional investors with $26-trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington, as reported by Reuters.

Sustainability: Pope To Address Oil Majors In Vatican Climate Conference

Posted on June 5, 2018June 5, 2018 by Mozambique Resources Post

The Vatican will host executives of the world’s top oil companies for a conference next week on climate change and the transition away from fossil fuels, a Vatican source said on Friday.

Unveiled: New Document Suggests Shell Knew About Climate Change 30 Years Ago

Posted on April 7, 2018 by Mozambique Resources Post

An internal Shell report from 1988 has revealed the supermajor was aware of the effect of its business on climate. The report, uncovered by Dutch journalist Jelmer Mommers from the De Correspondent news platform, has been published in the Climate Files and might just make life that much more difficult for the Anglo-Dutch company.