carbon emissions

Norway's wealth fund may blacklist firms over emissions, corruption risk

Lysaker - Arab Today

The ethics watchdog for Norway's $900-billion sovereign wealth fund will recommend this year that the fund exclude or put on a watch list several firms in the oil, cement and steel industries for emitting too much greenhouse gas. Carbon emissions are a new criteria for the fund, which was built up from the proceeds of Norway's own large oil industryRead more

Saudi Arabia’s shift to solar energy will save up to $87 billion

Riyadh - Arab Today

A recent report published by the Orient Planet revealed that the solar energy will take up 76% of sustainable energy plans in Saudi Arabia by 2040. Wind energy will take up 17% despite regional and international economic slowdown. According to the report, shifting to eco-friendly energies will be a strong potential for Saudi Arabia and all oil-producing GCC countries. ThisRead more

SEC, PCMC sign agreement to reduce carbon emissions

Riyadh - Arab Today

The Saudi Electricity Co. (SEC) and the Petroleum, Chemicals and Mining Co. (PCMC), a subsidiary of the Saudi Binladin Group, have signed a partnership and cooperation agreement aimed at reducing carbon emissions. The deal, which is to be implemented via the Green Saudi Co. for Carbon Services, is also meant to combat environmental pollution in accordance with regional and internationalRead more

China plans 50 billion yuan of investment in rural methane projects

Beijing - Xinhua

China will spend 50 billion yuan (about 7.3 billion U.S. dollars) on building methane projects in rural areas as the government seeks to increase the use of clean energy. According to a plan released by the country's top economic planner, during the 13th Five-Year Plan (2016-2020) period, China will build 172 new biogas projects and 3,150 large-scale methane projects. TheRead more

US oil industry chief calls for more offshore access

Washington - AFP

The US oil industry's main lobbyist called Wednesday for expanded offshore oil and gas production, delivering a plea for deregulation two weeks before the inauguration of President-elect Donald Trump. American Petroleum Institute President Jack Gerard said the United States should relax the "regulatory onslaught" the energy industry has seen in recent years -- a comment that closely echoes Trump's position.Read more