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Shell Takes $2.6bn Hit from Ending Arctic Drilling Operations

Shell reported a $6.1 billion loss on its third quarter 2015 earnings — 216 percent lower than the same quarter a year ago — after announcing announcing it will cease further exploration activity in offshore Alaska for the foreseeable future. Earnings per share for the third quarter of 2015 plummeted … Read more »

Methane Detectors Challenge Finalists Chosen

Five proposals have been chosen as finalists by the Environmental Defense Fund in the Methane Detectors Challenge, an initiative to identify next-generation technologies that will help better monitor and ultimately help reduce methane emissions from oil and natural gas operations. The challenge is being sponsored by EDF and seven partner … Read more »

fracking methane emissions

Fracking Methane Emissions 97% Lower than EPA Estimates, Study Says

Greenhouse gas emissions from hydraulic fracturing, or fracking, are “significantly lower” than EPA estimates, according to a new study from the University of Texas and the Environmental Defense Fund. The study, which measured methane emissions during completion operations for hydraulically fractured wells, found emissions were 97 percent lower than 2011 … Read more »

VW, Siemens, SAP Top Dow Jones Sustainability Indices

VW, Siemens, SAP Top Dow Jones Sustainability Indices

Volkswagen, Siemens, Nestle, Air France, SAP, BG Group and Citigroup are among the most sustainable companies in their respective industry groups, according to one of the world’s leading sustainability indices. The 2013 Dow Jones Sustainability Indices, released today by Swiss-based investment firm RobecoSAM and S&P Dow Jones Indices, tracks the … Read more »

Shell, Volvo Trucks Sign LNG Agreement

Volvo Trucks and Shell have agreed to cooperate globally on advancing liquefied natural gas as a fuel for commercial heavy duty trucks. Based on Volvo’s MethaneDiesel concept whereby LNG can be used in diesel engines, and Shell’s LNG expertise and infrastructure investments, the two companies say they will coordinate their … Read more »