oil and gas - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Mon, 31 Jul 2023 16:08:38 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png oil and gas - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 UK To Issue ‘Hundreds’ Of New Oil, Gas Licences In North Sea https://www.garnertedarmstrong.org/uk-to-issue-hundreds-of-new-oil-gas-licences-in-north-sea/?utm_source=rss&utm_medium=rss&utm_campaign=uk-to-issue-hundreds-of-new-oil-gas-licences-in-north-sea Mon, 31 Jul 2023 16:06:59 +0000 https://www.garnertedarmstrong.org/?p=44304 The UK government said Monday it would issue “hundreds” of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net zero carbon emissions by 2050. The announcement angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies. The main opposition...

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]]> The UK government said Monday it would issue “hundreds” of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net zero carbon emissions by 2050.

The announcement angered environmental groups and comes amid an internal debate within the ruling Conservative party on green policies.

The main opposition Labour party has said it will not issue any new North Sea drilling licences if it regains power in a general election due next year.

“Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence,” Downing Street said in a statement.

Russian President Vladimir Putin’s invasion of Ukraine in February last year saw a global surge in energy prices as Western nations imposed sanctions against Moscow, targeting in particular its massive oil and gas exports.

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Source: https://www.barrons.com/news/uk-to-issue-hundreds-of-new-oil-gas-licences-in-north-sea-bfaaf82f

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]]> Texas blacklisted HSBC over the bank’s refusal to fund new oil and gas projects https://www.garnertedarmstrong.org/texas-blacklisted-hsbc-over-the-banks-refusal-to-fund-new-oil-and-gas-projects/?utm_source=rss&utm_medium=rss&utm_campaign=texas-blacklisted-hsbc-over-the-banks-refusal-to-fund-new-oil-and-gas-projects Tue, 21 Mar 2023 23:07:51 +0000 https://www.garnertedarmstrong.org/?p=43640 The same day, Biden used his first veto to reverse a Republic-led anti-ESG bill HSBC’s slow crawl away from oil and gas is still too much for Texas. Texas comptroller Glenn Hegar yesterday (Mar. 20) added Europe’s largest bank to his office’s list of companies that boycott the oil and gas industry in light of...

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]]> The same day, Biden used his first veto to reverse a Republic-led anti-ESG bill

HSBC’s slow crawl away from oil and gas is still too much for Texas.

Texas comptroller Glenn Hegar yesterday (Mar. 20) added Europe’s largest bank to his office’s list of companies that boycott the oil and gas industry in light of the bank’s new fossil fuel funding policy.

In December, HSBC announced it will “not provide new finance, or new advisory services” for projects pertaining to new oil and gas fields, where the final investment decision was taken after Dec. 31, 2021. It will also not invest in infrastructure “whose primary use is in conjunction with new O&G fields.”

Under Texas law, a state governmental entity is required to sell, redeem, divest, or withdraw all publicly traded securities of a company—HSBC, in this instance—that is added to this comptroller’s list, which keeps tabs on the companies that make investment decisions driven by environmental, social, governance (ESG) principles. Initially issued in August 2022, the list only applies to state governmental entities and to their investments and contracts; not individuals and their business dealings.

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Source: https://qz.com/texas-hsbc-blacklist-oil-gas-funding-esg-policy-veto-1850246851

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