Shell reduces 2030 emissions-cut target in shift back to core oil and gas business

(Bloomberg) – Shell Plc reduced its targets for carbon-emissions cuts in the coming decade, while maintaining the ambition of becoming a net zero company by 2050. Wael Sawan, Chief Executive Officer of Shell. The change is the latest sign of a broader adjustment in plans for the energy transition among the UK-based oil majors, which have bee...

Colombia’s Ecopetrol board blasts anti-oil President’s nominees as unfit

(Bloomberg) – Board members of Colombia’s state oil company are objecting to President Gustavo Petro’s attempt to overhaul it with new directors as he works to wean the country off oil and gas. Ricardo Roa, chief executive officer of Ecopetrol SA, speaks during a press conference in Bogota, Colombia. Ecopetrol SA’s governance committee...