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Search resuls for: "Environment Agency"


4 mentions found


☆ Equinor, partners delay development of northernmost Arctic oilfield
  + stars: | 2022-11-10 | by ( Nerijus Adomaitis | ) www.reuters.com   time to read: +2 min
OSLO, Nov 10 (Reuters) - Norway's Equinor (EQNR.OL) and partners are delaying the development of what could have been the world's northernmost Arctic oilfield in production, citing rising costs and supply industry capacity constraints, the oil major said on Thursday. Equinor was now aiming for an investment decision on the Wisting oilfield in the offshore Arctic by the end of 2026 instead of December this year, it said. Wisting would have been the fourth hydrocarbon field in production in the Norwegian Arctic. The Norwegian Environment Agency said this year Equinor had failed to show it was safe to produce oil from Wisting, all year-around in harsh Arctic conditions. Equinor and partners say they could have developed Wisting in an environmentally safe way.
☆ Lula’s victory in Brazil sparks optimism on deforestation, with ramifications for the world
  + stars: | 2022-10-31 | by ( Jenni Reid | ) www.cnbc.com   time to read: +7 min
Da Silva, commonly known as Lula, took 50.9% of the second round vote to incumbent Jair Bolsonaro's 49.1%, according to Brazil's election authority. watch nowLula used his victory address to pledge to combat climate change and deforestation — issues observers say have not just been sidelined but severely worsened under Bolsonaro's tenure. In 2019, he told foreign journalists: "No country in the world has the moral right to talk about the Amazon. "Around 95% of deforestation in the last four years in the Amazon has had some level of illegality," he said. Norway is already looking to resume aid for anti-deforestation efforts to Brazil, which it suspended during Bolsonaro's term, local newspaper Aftenposten reported Monday.
☆ Energy crisis spurs Britain to end its fracking ban, digging up a long-running debate
  + stars: | 2022-09-22 | by ( Jenni Reid | ) www.cnbc.com   time to read: +5 min
The derrick is seen behind anti-fracking banners at Cuadrilla's Lancashire fracking site. Christopher Furlong | Getty ImagesLONDON — The U.K. government lifted its ban on fracking Thursday, citing the need to increase domestic energy supply following the Russian invasion of Ukraine. The divideA 2020 review by Warwick Business School estimated fracked gas could account for between 17% and 22% of U.K. energy consumption between 2020 and 2050. A past study found that shale gas operations themselves would contribute relatively little to greenhouse gas emissions. A report commissioned by the government in April and published Thursday found it was still not possible to accurately predict geological activity as a result of U.K. fracking operations.
☆ Big business likes to trumpet ESG credentials. But a 'greenwashing' reckoning could be on the horizon
  + stars: | 2022-09-21 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +8 min
Many of these claims are now viewed through the prism of ESG, or environmental, social and governance. But here's the rub: Definitions of ESG often vary and are hard to pin down. Over in the United States, scrutiny of claims about sustainability and ESG is also taking place. When contacted by CNBC, Vale — which has an "ESG Portal" on its website — referred to a statement issued on April 28. The debate surrounding greenwashing is becoming increasingly fierce, with the charge often leveled at multinational companies with vast resources and significant carbon footprints.
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