Oil shock threatens to sap wind out of sails for renewables shift. Cheap petrol poses risk for electric vehicle demand and the appeal of efficiency.
FT 11th March 2020 read more »
One of America’s biggest shale oil producers has slashed its dividend by 86 per cent in response to the collapse in global crude prices. Occidental Petroleum, whose shares halved in value on Monday, said that it would cut its capital expenditure this year by $1.7 billion, or more than 30 per cent, as it tried to weather the crisis. The plans and a modest recovery in oil prices helped to send its shares up about 10 per cent yesterday, making minor inroads into Monday’s losses.
Times 11th March 2020 read more »
How can Glasgow host climate change summit while investing millions in fossil fuels? – Dr Richard Dixon. The Strathclyde Pension Fund, the UK’s largest public sector pension scheme, should stop investing hundreds of millions in fossil fuels, writes Dr Richard Dixon.
Scotsman 10th March 2020 read more »