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A growing number of financial institutions are moving their investments from fossil fuels into less polluting projects and resources. So what do oil and gas companies make of this shift?
Some of them are waking up to the clean energy transition in response to investor pressure. But there are leaders and laggards when it comes to oil and gas companies and reducing greenhouse gas emissions. There are also valid concerns about greenwashing. And yet, some of these firms are fundamentally reshaping the way that they do business.
In this episode, the latest in Political Climate’s special DITCHED series, we look at the pressures oil and gas companies are under to go low-carbon with Valentina Kretzschmar, vice president of corporate research at the research firm Wood Mackenzie.
Recommended resources:
FT: Why ExxonMobil is sticking with oil as rivals look to a greener future
WoodMac: Could clean energy be the winner in the oil price war?
NYT: Shell and Total report big drop in profits, but made clean-energy investments.
Earther: Maybe It’s Time to Retire the Phrase ‘Big Oil’
E&E: How one fossil fuel company became a green giant
Political Climate: Is There a Role for Oil and Gas in a Green Recovery?
Tesla will no longer accept payments in Bitcoin because of its effects on the environment. On Wednesday the company’s CEO Elon Musk tweeted that Tesla has concerns about the “rapidly increasing use of fossil fuels for Bitcoin mining.” He emphasized that Tesla won’t sell its $2.5 billion worth of Bitcoin.
Why this Matters: Musk’s statement has proven controversial, as it has affected cryptocurrency markets, which have shed as much as $365.85 billion in value since his tweet.
by Amy Lupica, ODP Staff Writer Come on, Barbie! Let’s go…recycle? You read that right; Mattel has introduced a new program called “Mattel PlayBack,” where kids of all ages can send in their old toys to be recycled into new ones. While the pilot program will only be available in the U.S. and Canada, Mattel hopes to have programs […]
by David Kuhn, Lead, Corporate Resilience, World Wildlife Fund A growing number of companies have responded to the climate change threat by championing sustainable solutions like deforestation-free production and clean energy. But as laudable and essential as these efforts are, climate change has progressed to the point where sustainability alone is no longer a sufficient […]
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