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Chevron backs Australia CCS research
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ExxonMobil Chevron Shell ConocoPhillips TotalEnergies BP Imperial Oil
Stephanie Baxter
27 January 2021
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Oil majors face credit downgrades amid rising investor pressure

S&P has placed 13 IOCs, including ExxonMobil and Shell, on negative watch, while investment giant BlackRock warns of ‘tectonic shift’

Pressure on the oil and gas sector is rapidly accelerating as investors look to ditch companies that will not be sustainable businesses over the course of the energy transition—with two major financial institutions singling out the sector. Yesterday, 13 of the world’s largest fossil fuel companies were told their credit ratings could be downgraded within just a few weeks due to the growing risks to their businesses from the energy transition, oil price volatility and weaker profitability. US credit ratings agency S&P Global Ratings placed the companies—including ExxonMobil, Total, Chevron and Shell—on ‘credit watch’ while it consider downgrades. Credit ratings—which assess the credit ris

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Letter on carbon: Capturing the value of CCUS
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
CCS becoming part of Africa’s development path, part 2
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
CCS becoming part of Africa’s development path, part 1
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
Carbon border tax exemptions to become law
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU

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