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September 5, 2025

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oil

Shell shareholders should oust chair, says influential adviser

Pirc and Church of England back calls for investors to vote against Sir Andrew Mackenzie at AGMAn influential investment adviser has added its weight to a move to oust the Shell chair, Sir Andrew Mackenzie, at next week’s annual shareholder meeting as …

May 9, 2023
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Saudi oil group Aramco to pay more to state despite profits drop

World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil pricesThe Saudi government looks likely to reap greater revenues from the state-backed oil group Saudi Aramco despite the company posting a near-20% fall in qu…

May 9, 2023
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Italian oil firm Eni faces lawsuit alleging early knowledge of climate crisis

Exclusive: Company accused of ‘lobbying and greenwashing’ for more fossil fuels despite knowing of risksThe Italian oil major Eni is facing the country’s first climate lawsuit, with environmental groups alleging the company used “lobbying and greenwash…

May 9, 2023
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Filipino activists appeal to British banks over region devastated by oil spill

Environmentalists from the Philippines urge investors to avoid LNG projects which they say threaten the Verde Island PassageCampaigners from the Philippines have urged British banks not to fund the expansion of fossil fuel use in their country. It foll…

May 5, 2023
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French oil giant TotalEnergies sues Greenpeace over emissions report

Green group accused company of emitting more than it disclosed but TotalEnergies says report used dubious methodologies The French oil major TotalEnergies has sued the environmental group Greenpeace France and the climate consulting firm Factor-X over …

May 3, 2023
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Climate protesters rework Spice Girls song to disrupt Barclays AGM

Lyrics of Stop changed to ‘stop right now, no more oil and gas’ because of bank’s fossil fuel fundingBusiness live – latest updatesBarclays’ annual general meeting has been disrupted by climate activists condemning the bank’s role as one of Europe’s la…

May 3, 2023
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BP’s profits labelled ‘heinous’ as calls grow for tougher windfall tax

Oil and gas company beats analysts’ forecasts, with profits reaching $5bn in first three months of yearLabour calls for firms to pay more tax on £60m-a-day profitsAnalysis: does UK need to drill for more North Sea oil and gas?Bumper profits at BP have …

May 2, 2023
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Labour calls for energy firms to pay more tax on £60m-a-day profits

Party wants greater taxation on North Sea profits to fund freeze on council tax for cash-strapped UK householdsAnalysis: does UK need to drill for more North Sea oil and gas?Energy companies are making £60m in profits a day from operations in the North…

May 2, 2023
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Indigenous community in Colombia gets its day in court over ‘ancestral land’

The U’wa people’s case against the Colombian government could help protect the environment across Latin AmericaAfter centuries fighting to protect their territory – and 26 years waiting to testify in an international legal dispute – an Andean Indigenou…

May 1, 2023
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Cuba cancels workers’ day parade as severe oil shortages bite

President says island is only receiving two-thirds of the petrol it needs as queues outside gas stations stretch for milesThere was a time when International Workers’ Day was marked in Cuba by parades involving more than a million people marching throu…

April 30, 2023
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