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Shipping NGOs Call for More Transparency

Transport & Environment, Seas at Risk and the Carbon War Room are urging the International Maritime Organization to be transparent regarding data on ship efficiency and fuel consumption. According to the NGOs, the IMO’s environment committee plans to restrict access to the energy efficiency design index data on newly built … Read more »

South Korea to Increase Emissions Cap

South Korea is expected to introduce a carbon trading scheme that is about 3 percent larger than it had previously announced, according to Reuters. The South Korean government said last Thursday that it would distribute 1.687 billion metric tons of carbon-equivalent emission permits from 2015-17 as part of its trading … Read more »

S&P Warns of Credit Downgrade for BP, Shell, Others

Oil and gas companies including BP and Shell will likely see declines in cash flows and credit downgrades if world leaders implement policies to limit GHG emissions, according to a study by Carbon Tracker and Standard & Poor’s. What A Carbon-Constrained Future Could Mean For Oil Companies’ Creditworthiness looks at … Read more »