Hi Aya
be interesting to see how this plays out in contrast with efforts of Governments efforts around the world, in light of the Global Clean Power Alliance launched and announced by the UK Prime Minister at last week's G20 summit: Prime Minister launches Global Clean Power Alliance as UK leads the global energy transition - GOV.UK
12 countries have signed up including Brazil, Australia, Barbados, Canada, Chile, Colombia, France, Germany, Morocco, Norway, Tanzania, the African Union are the first countries to sign up to its first mission. The United States and the European Union will also partner with the UK on the initiative.
The press announcement notes that the alliance of countries will work together and share expertise with the goal of meeting the COP28 commitments to triple renewable energy and double energy efficiency.
The Global Clean Power Alliance: finance mission statement - GOV.UK aims to increase investment by supporting the development of country platforms, building the pipeline of projects and supporting the continued reform of the international financial architecture.
Further details on a focussed delivery package by April 2025 to support priority deliverables for COP30 and COP31.
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James Doyle
Director, Green Finance, Investment Management
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Original Message:
Sent: 28-11-2024 11:54
From: Aya Pariy
Subject: no "drill baby drill"
Good morning Community.
Saw this article on LinkedIn today from Reuters. Is that a good news or a bad news for sustainability and our planet? I can't really make up my mind.
What do you think?
Full article here
Brief:
Exxon executive Liam Mallon stated that U.S. oil producers are unlikely to return to aggressive drilling despite Trump's pro-energy stance, citing a focus on capital discipline and economic sustainability. While Trump's presidency might streamline permitting, production growth will likely remain measured. Exxon, now the top shale producer after acquiring Pioneer Natural Resources, plans to increase Permian basin production to over 2 million barrels per day by 2030 but at a controlled pace. BP echoed optimism about faster project approvals under Trump.
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Aya Pariy
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