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FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceNewsOil

Hess shareholders sign off on $53 billion sale to Chevron

Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron, according to preliminary results of the...

Activists stand next to banners during the "People's Picket" as they take part in the Extinction Rebellion's 'The Big One' event, outside The Department for Energy Security and Net Zero's building, in London, Britain, April 21, 2023. REUTERS/Henry Nicholls/ File Photo
BusinessClimateEmissionsFinanceNatural GasNewsOil

Corporate climate plan verifier tightens rules for banks, asset managers

The Science Based Targets initiative (SBTi), a voluntary organisation which assesses corporate climate action plans, says it will now ask for more ambition...

FILE PHOTO: Filipino environmental activists march during a protest on the Global Day of Action for Climate Justice, in Quezon City, Metro Manila, Philippines, December 9, 2023. To match Special Report CLIMATE-CHANGE/LOANS   REUTERS/Lisa Marie David/File Photo
BusinessClimateEconomyEmissionsFinanceNewsPolitics

Momentum building for global company climate disclosures: standards body

More countries than initially expected are adopting international climate-related disclosure standards, a global rulemaking body said on Tuesday, but cautioned that significant departures...

FILE PHOTO: Antigua and Barbuda Prime Minister Gaston Alphonso Browne  addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 22, 2023. REUTERS/Brendan McDermid/File Photo
BusinessClimateEconomyEnvironmentFinanceNewsPoliticsResiliencyUnited NationsWeather

Caribbean leader blasts ’empty’ climate promises at small islands summit

The president of this decade's summit for Small Island Developing States on Monday blasted "empty" and "grossly inadequate" climate pledges, saying wealthy nations...

FILE PHOTO: A 3D printed natural gas pipeline is placed in front of displayed Saudi Aramco logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyFinanceNewsOilPolitics

Saudi Arabia plans Aramco share sale as soon as June, sources say

Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the...

FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015.  REUTERS/Lucas Jackson/File Photo
BusinessCourtsFinanceNewsOilPolitics

U.S. Republican states support Exxon in shareholder activism dispute

Exxon's pursuit of the case against Arjuna Capital and Follow This over a proposal the company push for stricter climate targets, even after...

FILE PHOTO: Waves crash against the seawall as Hurricane Irma slammed across islands in the northern Caribbean on Wednesday, in Fajardo, Puerto Rico September 6, 2017.  REUTERS/Alvin Baez/File Photo
BusinessClimateEconomyFinanceNewsPoliticsResiliencyUnited NationsWeather

Small islands join forces on debt relief ahead of COP29 climate talks

The world's small island states plan to join forces to push for debt relief and more climate investment ahead of this year's COP29...

FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceNewsOil

Hess-Chevron merger vote appears ripe for narrow approval

Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to...

Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessEconomyElectricityFinanceNewsPoliticsSolarStorageTrade

Orsted receives $650 million tax equity financing from J.P. Morgan

Danish company Orsted has secured an investment of $680 million in tax equity financing from J.P. Morgan for a portfolio of solar and...

FILE PHOTO: A logo of TotalEnergies is seen at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2023. REUTERS/Sarah Meyssonnier/File Photo
BusinessEconomyFinanceFuelLiquefied Natural GasNewsOilPolitics

Macron urges TotalEnergies to stay in France after talk of US listing

French President Emmanuel Macron has urged oil giant TotalEnergies to remain in France after news of the company's potential US listing

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