GLOBAL IEA: Global oil demand set to peak in 2028. The International Energy Agency (IEA) has stated that the peak for global oil demand is "in sight", largely due to the growing popularity of electric vehicles (EVs) and biofuels for transport. Edie.net
Rich nations pressed for clarity on $100bn climate finance pledge to Global South Edie.net

NORTH AMERICA:  Nvidia: ESG Darling. That response pointed to climate-friendly lobbying efforts by the company, including a letter to California authorities supporting their right to impose tighter air pollution regulations, and another to US lawmakers supporting tax credits for EVs. Other companies have faced resolutions on lobbying transparency in the past year, including Alphabet and McDonald's. Santa Clara-based Nvidia is the fourth-most widely held company in US ESG funds, according to Bank of America. FT 3 min read

EUROPE: Green skills shortage threatens Europe's climate ambitions. Creating low carbon jobs that pay as well as high carbon alternatives will not be easy. We see the increased offerings of jobs with required green skills, but not enough specialists with those skills. Regulators and other stakeholders worry about workers loosing jobs in "old" industries, while there is a shortage of labour in new industries. Fin Times 3 min read

Shell will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. In a new financial framework announced ahead of an investor conference in New York starting at 1230 GMT, Shell said it will increase overall shareholder distribution to 30% to 40% of cash flow from operations from 20% to 30% previously. Reuters 3 min read

AP Pension divests further €42m fossil stocks including TotalEnergies, Shell. Investment & Pensions Europe