EGEB: BP cuts fossil fuels by 40%, invests in green energy

Good News Notes:  “In February, Electrek reported that fossil-fuel giant BP announced that it will become a net zero company by 2050 or sooner. One objective it said it would pursue is to “increase the proportion of investment into non-oil and gas businesses over time.” BP also said it would restructure, and in June, CEO Bernard Looney announced…

Unilever’s Climate Plan: Emissions From Supply Chain And Consumers Are The Real Challenge

Good News Notes: “Corporations are joining the climate leadership race. Recently, Unilever, the $56 billion consumer goods conglomerate, which owns brands such as Ben & Jerry’s, Vaseline, Dove, and QTips, announced its climate plan. Previously, other leading firms, including BlackRock and Goldman Sachs in the financial sector, Amazon and Microsoft in the tech sector, and BP in the fossil fuel sector,…

Shell Sets Net-Zero Target for 2050, Emphasizing Power and Renewables

Good News Notes: “Shell on Thursday announced a net-zero emissions target for 2050, becoming the second major European oil company after BP to embrace such a goal. An expanded power business will make the biggest contribution to the shift but renewables investment will play a major role. The British-Dutch firm will also target ‘Scope 3’ emissions, which encompass the end…