ExxonMobil shareholders revolt to force climate action
ExxonMobil failed to fend off a shareholder rebellion over climate change, as investors with 62.3 percent of shares voted to instruct the oil giant to report on the impact of global measures.
Climate crisis
Denmark’s DONG Energy divests from fossil fuels in favour of renewables
Danish wind energy giant DONG Energy announced its plans to divest its upstream oil and gas business for $1.05 billion.
Russia starts largest renewable energy auction in bid for jobs
Russia is pressing ahead with its biggest-ever auction for renewable energy, seeking to award contracts to purchase 1.9 gigawatts of clean electricity.
Plans for 13.7 GW of coal power in India axed
“For the first time, solar is cheaper than coal in India and the implications this has for transforming global energy markets are profound.”
World’s largest floating solar PV plant connected to grid in China
Chinese PV manufacturer announced that a 40MW aquaculture project had been grid connected in the flooded coal-mining region of Huainan, China.
LEGO Group hits 100% renewable-energy target ahead of schedule
The total output from the investments by the LEGO Group in renewables now exceeds the energy consumed at all LEGO factories, stores, and offices globally.
$890 million E.U. package to help 79 developing nations combat climate change
The European Union (EU) will support 79 developing nations in Africa, the Caribbean and the Pacific (ACP) with a €8 million ($891m) to implement a global deal to combat climate change.
California grid sets record, with 67% of power from renewables
Overall, renewables accounted for 42 percent of the California grid’s power on Saturday, not counting the large hydropower plants.
China, India on course to surpass Paris Agreement climate pledges
Slowing coal use in China and India has put the two most populous countries on a trajectory to beat their carbon emissions goals under the Paris Agreement, making up for rollbacks in U.S. climate action under the Trump administration
Egypt to invest billions in renewable energy plan
Egypt has committed to increase its share of renewables in the country’s power mix to 20 per cent by 2022 and 37 per cent by 2035.