Big Oil, big risk in the long term?
Even during a price slump, the threats to oil’s longevity are mounting
THE SIGNING of the Paris climate change agreement by 175 countries in New York on 22 April should be warning enough to oil companies that a “business as usual” approach is no longer an option. By the end of this year, the deal is expected to be well on the way to ratification – the next major step after this signing – by enough countries to bring it into force. The world’s largest polluters, the US and China, are expected to be among them. For the deal to become operational, 55 countries accounting for at least 55% of global emissions need to ratify and enshrine it into national law. The complexities of ratification will vary from country to country. In some, such as the US, it will just req
Also in this section
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
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
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
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
