French oil and gas supermajor TotalEnergies is weighed down by a new research article showing the company for years remained silent on the damage its oil operations would do. TotalEnergies denies this criticism.
Norway's PGS still suffers under the Covid-stricken oil market, delivering yet another financial report with enormous red figures on the bottom line. The deficit is smaller than Q3 2020, however, when PGS lost more than a quarter billion dollars.
Gas prices increasing tenfold has shifted the balance between coal and gas in the European power grid. The situation is akin to the time when the CO2 quota price was "very low" and will endure at least until winter's end, analysts say.
A peek behind the curtain reveals that Denmark's "dark green" funds, filled with securities classified as Article 9 under the EU sustainability taxonomy, are full of tech assets, but few companies in such portfolios are actually working promote climate change mitigation, baffling the country's financial supervisory authority.
More investments in sustainable energy such as solar and wind power are needed to meet the world's future energy demand. "There is a looming risk of more turbulence for global energy markets," says head of the International Energy Agency.