Friday, 7 February 2025

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The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/ File Photo
BusinessNewsOil

ConocoPhillips misses Q1 profit estimates

Milder-than-expected winter that hurt demand for fuel sees ConocoPhillips Q1 profits falling below expectations.

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
BusinessNewsOil

OPEC+ could extend oil cuts, formal talks yet to start, sources say

OPEC+ has implemented a series of output cuts since late 2022, which could continue if demand fails to pick up.

FILE PHOTO: A view of the turbines at Orsted's offshore wind farm near Nysted, Denmark, September 4, 2023. REUTERS/Tom Little/File Photo
BusinessNewsWind

Wind farm developer Ørsted confident after Q1 profit rises

Danish offshore specialists Ørsted Q1 profits boosted by higher earnings and ramping up efforts in Taiwan and New York.

The wind energy sector is plagued by numerous problems, such as soaring interest rates, rising material costs and supply chain disruptions. (AFP)
BusinessNewsWind

Wind energy giant Vestas swings to loss in first quarter

'Continued geopolitical volatility' blame for Vestas first quarter results showing €75m loss.

Shell's earnings fell as gas prices dropped (AFP)
BusinessNewsOil

Shell logs ‘strong’ quarter as earnings fall but top expectations

The energy major insisted it remained on track to become a net zero company by 2050, but its results sparked fresh anger from...

TotalEnergies chief executive Patrick Pouyanne has floated the idea of moving the group's main listing from Paris to New York (AFP)
BusinessNatural GasNewsOil

France to ‘fight’ TotalEnergies New York listing

French Finance Minister vows to keep oil and gas giant Total Energies' New York move at bay after CEO proposed stock listing change.

BusinessClimateEmissions MarketsNewsVoluntary Carbon Markets (VCMs)

Carbon credit standards approval extended to 98% of market

Five of the world's largest carbon credit programmes now have initial approval from standards body interested in 'high quality' schemes.

An Air France Airbus A350-900 airplane is seen near the Paris Charles de Gaulle airport, in Villepinte, near Paris, France, November 15, 2023. REUTERS/Sarah Meyssonnier/File photo
AviationBusinessEmissionsNewsPolitics

KLM, Brussels Airlines and more in greenwashing probe

EU's airline greenwashing investigation targets 20 airlines over claims relating to carbon offsetting and the use of sustainable fuels.

Oladapo Adekunle, an engineer with Rensource Energy, installs solar panels on a roof of a house in Lagos, Nigeria, Thursday, March 21, 2024. Funding for climate tech startups in Africa from the private sector is growing, but there's still a long way to go. (AP Photo/Sunday Alamba)
AnalysisBusinessElectricityFinanceIn-Depth

More money going to African climate startups, but huge gap remains

In Africa, climate funding has raised $3.4 billion – but it's going to need $277 billion a year to meet 2030 goals. Where...

A sign for the Aamjiwnaang First Nation Resource Centre is shown in Sarnia, Ont., on April 21, 2007. Ontario's Ministry of the Environment has ordered a petrochemical facility in Sarnia to suspend its production operations after high benzene emissions, first flagged by a neighbouring First Nation. THE CANADIAN PRESS/Craig Glover
BusinessClimateEmissionsIndigenousIndustryNews

Ontario suspends chemical plant approval over benzene emissions

Ineos temporarily shuts down facility after environment ministry declares benzene levels too high.

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