The chief executives of BG Group, BP, Eni, Royal Dutch Shell, Statoil and France’s Total have collectively urged governments around the world to introduce a pricing system for carbon emissions, in order to reduce uncertainty and encourage cost-effective ways of reducing carbon emissions.
Canada, the United States and Mexico have agreed to establish a ministerial-level working group on climate change and energy issues.
A startling new report by the International Monetary Fund (IMF) has today stated that fossil fuel companies receive some £3.4 trillion ($5.3 trillion) in subsidies each year – which is equivalent to nearly $10 million every day.
Italian renewable energy developer Enel Green Power has announced a $9.9 billion, 7 GW capacity addition and capital investment programme in Latin America.
The International Energy Agency has published its Energy Technology Perspectives 2015 (ETP 2015). The report shows that despite a few recent success stories, clean energy progress is falling well short of the levels needed to limit the global increase in temperatures to no more than 2°C.
In its annual shareholders meeting in Essen, E.On's Supervisory Board Chairman and CEO Johannes Teyssen updated shareholders on progress in dividing the company into the future E.On and a new company known as Uniper.
A key UN climate fund ran into difficult yesterday as major donors including Japan and the United States failed to meet a deadline for converting their pledges of climate aid into signed agreements.