Anglo American has announced it will separate its South African coal assets into a new business later this year, amid growing calls to ditch the polluting commodity from its ESG-focused investor base. The demerged company, named Thungela Resources, will list on the Johannesburg and London stock...
The International Council on Mining and Metals (ICMM) announced yesterday that Rohitesh Dhawan, former managing director of geopolitical research firm Eurasia Group, has been appointed as the new chief executive of the peak industry body. ICMM described Dhawan as a ‘sustainability specialist with significant experience in...
Freeport-McMoRan chief executive Richard Adkerson has revealed that the mining giant is set to greenlight expansions at several of its US copper mines against a backdrop of rapidly rising demand for the strategic metal. Phoenix-based Freeport is aiming to capitalise on President Joe Biden’s pledge to...
Global classification society DNV GL has proclaimed that ‘priorities are shifting’ in the oil and gas industry after a record 66% of senior professionals reported that their organisation is actively adapting to a less carbon-intensive energy mix in 2021. In addition, some 57% of over 1,000...
BP has cut its oil exploration team to less than 100 from a peak of more than 700 a few years ago, in the clearest sign yet of the company’s rapid shift away from fossil fuels under CEO Bernard Looney. “The winds have turned very chilly...
Renewable energy capacity around the world will grow to record levels this year, while fossil fuel capacity will fall due to an economic slump caused by the COVID-19 crisis, the International Energy Agency (IEA) has found in a report. In its annual renewables outlook, the IEA...
The 12 members of the Oil and Gas Climate Initiative (OGCI) have for the first time set a joint goal to cut their greenhouse gas emissions as a proportion of output, amid growing pressure on the sector’s climate stance. OGCI members, including Saudi Aramco, China’s CNPC...
Australia’s peak mining lobby group – The Minerals Council of Australia – has released a road map to cut carbon emissions at mine sites, in the face of growing criticism from climate action groups. The three-page climate change policy details a ‘collective commitment’ to the goals...
More renewable energy was consumed in the US last year than coal-fired energy for the first time since the 19th century, in a landmark moment for the green energy transition in the global superpower. Renewable energy consumption increased by 1% on 2018 to reach a record...
Amazon has bolstered its renewable energy portfolio with 300MW of new projects in Europe, the US and Australia, as the tech giant looks to reach 80% renewable energy by 2024 and 100% by 2030. In Australia Amazon will source 60MW of solar capacity from a project...