GETTING to NET ZERO September 2020 Contents
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Biodiversity and Ecosystem Services Scaling up Business Solutions
business solutions for a sustainable world Biodiversity and ecosystem services scaling up business solutions Company case studies that help achieve global biodiversity targets Contents Scale up, speed up and put the sound up ....... 2 15 PUMA – The Environmental Profi t & Loss Account..........................................................................................................................36 Business, biodiversity and ecosystem 16 Reliance Industries – Converting Wastelands to services in a nutshell ........................................................................... 3 Green Oases ..............................................................................................................40 17 Rio Tinto – Achieving the Goal of Net Positive Impact What are the Aichi Targets? .................................................... 4 on Biodiversity ........................................................................................................42 On the ground business actions ...................................... 6 18 Shell – Corrib Paves the Way – A Response that Bears Re-Peating ...................................................................................................................44 Case Studies ....................................................................................................... 8 19 Suncor Energy – Oil Sands Reclamation 1 ArcelorMittal – Mining in Liberia – Conserving Progress .........................................................................................................................46 -
Professional Profile Expertise Recent Experience Education
Javaid Akhtar Partner PROFESSIONAL PROFILE [email protected] Dual qualified as a Solicitor of England and Wales and Advocate in Pakistan, +92 (51) 285 5890-2 Javaid specialises in acquisitions, oil and gas and arbitration and corporate and commercial matters. Javaid is the managing partner of the Islamabad 64, Nazimuddin Road, F- 8/4, Islamabad, Pakistan office of Vellani & Vellani and was earlier a partner of Amhurst Brown, which merged with Vellani & Vellani in 2018. https://www.linkedin.com/i n/javaid-akhtar-49051313/ RECENT EXPERIENCE EDUCATION ACQUISITIONS Represented local and multinational companies in the sale and Bachelor of Law (LL. B) King’s College London - 1991 purchase of assets and shares, particularly in the upstream oil and gas sector. Acted in the purchase of Austrian owned OMV companies in Pakistan EXPERTISE (2017-8) and UK owned Premier Oil companies in Pakistan (2016), and a substantial holding in a Pakistani oil marketing company to a Dispute Resolution middle-eastern company (2018). Earlier, acted in the sale of BP’s Mergers & Acquisitions, assets in Pakistan (2011-14), purchase of Tullow Pakistan (2014) and Restructuring and aspects of the sale of Petronas Carigali Pakistan (2011). Securities Acted on the buy-side in relation to the Government of Pakistan’s sale Oil & Gas of companies and assets (i.e. privatization), including sale of state interests in petroleum concessions; in Pakistan Steel Corporation and Pakistan State Oil Ltd. Apart from the customary suite of agreements, such transactions involved extensive due diligence and, often protracted, issues to be resolved with regulatory authorities (including the Directorate General (Petroleum Concessions), the Competition Commission of Pakistan and the Securities and Exchange Commission of Pakistan). -
Climate and Energy Benchmark in Oil and Gas Insights Report
Climate and Energy Benchmark in Oil and Gas Insights Report Partners XxxxContents Introduction 3 Five key findings 5 Key finding 1: Staying within 1.5°C means companies must 6 keep oil and gas in the ground Key finding 2: Smoke and mirrors: companies are deflecting 8 attention from their inaction and ineffective climate strategies Key finding 3: Greatest contributors to climate change show 11 limited recognition of emissions responsibility through targets and planning Key finding 4: Empty promises: companies’ capital 12 expenditure in low-carbon technologies not nearly enough Key finding 5:National oil companies: big emissions, 16 little transparency, virtually no accountability Ranking 19 Module Summaries 25 Module 1: Targets 25 Module 2: Material Investment 28 Module 3: Intangible Investment 31 Module 4: Sold Products 32 Module 5: Management 34 Module 6: Supplier Engagement 37 Module 7: Client Engagement 39 Module 8: Policy Engagement 41 Module 9: Business Model 43 CLIMATE AND ENERGY BENCHMARK IN OIL AND GAS - INSIGHTS REPORT 2 Introduction Our world needs a major decarbonisation and energy transformation to WBA’s Climate and Energy Benchmark measures and ranks the world’s prevent the climate crisis we’re facing and meet the Paris Agreement goal 100 most influential oil and gas companies on their low-carbon transition. of limiting global warming to 1.5°C. Without urgent climate action, we will The Oil and Gas Benchmark is the first comprehensive assessment experience more extreme weather events, rising sea levels and immense of companies in the oil and gas sector using the International Energy negative impacts on ecosystems. -
Air Liquide, Airbus E Il Gruppo ADP Collaborano Per Preparare Gli
COMUNICATO STAMPA CONGIUNTO Parigi, 21 Giugno 2021 Air Liquide, Airbus e Groupe ADP insieme per preparare gli aeroporti di Parigi all’era dell’idrogeno Air Liquide, Airbus e Groupe ADP hanno firmato un protocollo d’intesa per preparare l’arrivo dell'idrogeno negli aeroporti entro il 2035 nell'ambito dello sviluppo di velivoli commerciali alimentati a idrogeno. I partner intendono fare leva sulle rispettive competenze per supportare la decarbonizzazione del trasporto aereo e definire le esigenze concrete e le opportunità che l'idrogeno può apportare al settore aeronautico. Questa partnership riflette l'ambizione comune dei tre gruppi di contribuire allo sviluppo di una filiera francese innovativa e strategica in vista di un'aviazione globale senza emissioni di carbonio. Per prepararsi all'arrivo dei primi aerei di linea a idrogeno entro il 2035, gli aeroporti dovranno essere adattati, in particolare per includere la specificità della fornitura di idrogeno liquido. La partnership annunciata oggi si concentra sulla realizzazione di studi di fattibilità finalizzati allo sviluppo di queste infrastrutture. Come primo step, verrà avviato uno studio che coinvolgerà un panel rappresentativo di circa 30 aeroporti in tutto il mondo per valutare le potenziali configurazioni per la produzione, fornitura e distribuzione di idrogeno liquido. Verranno poi elaborati scenari dettagliati e i piani per i due principali aeroporti parigini: Paris-Charles de Gaulle e Paris-Orly. Questi scenari saranno essenziali nella definizione dell'infrastruttura richiesta, inclusi il dimensionamento e la posizione, e per identificare e integrare i vincoli relativi sia agli standard di sicurezza industriale che alle norme previste per l’aeronautica. La partnership riunisce competenze complementari con l'ambizione di supportare, a partire da oggi, la trasformazione degli aeroporti e aprire la strada a una nuova era di viaggi aerei sostenibili. -
Integrating Into Our Strategy
INTEGRATING CLIMATE INTO OUR STRATEGY • 03 MAY 2017 Integrating Climate Into Our Strategy INTEGRATING CLIMATE INTO OUR STRATEGY • 03 CONTENTS Foreword by Patrick Pouyanné, Chairman and Chief Executive Officer, Total 05 Three Questions for Patricia Barbizet, Lead Independent Director of Total 09 _____________ SHAPING TOMORROW’S ENERGY Interview with Fatih Birol, Executive Director of the International Energy Agency 11 The 2°C Objective: Challenges Ahead for Every Form of Energy 12 Carbon Pricing, the Key to Achieving the 2°C Scenario 14 Interview with Erik Solheim, Executive Director of UN Environment 15 Oil and Gas Companies Join Forces 16 Interview with Bill Gates, Breakthrough Energy Ventures 18 _____________ TAKING ACTION TODAY Integrating Climate into Our Strategy 20 An Ambition Consistent with the 2°C Scenario 22 Greenhouse Gas Emissions Down 23% Since 2010 23 Natural Gas, the Key Energy Resource for Fast Climate Action 24 Switching to Natural Gas from Coal for Power Generation 26 Investigating and Strictly Limiting Methane Emissions 27 Providing Affordable Natural Gas 28 CCUS, Critical to Carbon Neutrality 29 A Resilient Portfolio 30 Low-Carbon Businesses to Become the Responsible Energy Major 32 Acquisitions That Exemplify Our Low-Carbon Strategy 33 Accelerating the Solar Energy Transition 34 Affordable, Reliable and Clean Energy 35 Saft, Offering Industrial Solutions to the Climate Change Challenge 36 The La Mède Biorefinery, a Responsible Transformation 37 Energy Efficiency: Optimizing Energy Consumption 38 _____________ FOCUS ON TRANSPORTATION Offering a Balanced Response to New Challenges 40 Our Initiatives 42 ______________ OUR FIGURES 45 04 • INTEGRATING CLIMATE INTO OUR STRATEGY Total at a Glance More than 98,109 4 million employees customers served in our at January 31, 2017 service stations each day after the sale of Atotech A Global Energy Leader No. -
US Foreign-Trade Zones: Trade Agreement Parity
Order Code RL34688 U.S. Foreign-Trade Zones: Trade Agreement Parity (TAP) Proposal September 29, 2008 Mary Jane Bolle Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division U.S. Foreign-Trade Zones: Trade Agreement Parity (TAP)Proposal Summary The National Association of Foreign Trade Zones (NAFTZ) has developed the Trade Agreement Parity (TAP) proposal, introduced as H.R. 6415 (Pascrell) to address what NAFTZ claims as the “unintended consequences” of free trade agreements. These are that free trade agreements (FTAs), in granting tariff advantages to businesses that import components or products from FTA countries, put companies that import components from third countries (not a party to an FTA) at a tariff disadvantage. Critics, however, say the effects the bill generally seeks to address are the exact intended consequences of FTAs: the United States extends preferential tariff treatment to components from an FTA partner country in exchange for that country’s lowering of its tariff rates on U.S. products. The TAP proposal would permit certain businesses to permanently “borrow”U.S. free trade agreements (FTAs) in order to import components at rates below those they would normally be charged under U.S. tariff law. There would be two stipulations: (1) the products using third-country components would have to be produced in a U.S. foreign-trade zone; and (2) the product would have to meet the rules-of-origin (domestic content) requirements of any FTA – which could be satisfied by using entirely third country parts and U.S. labor, without input from any other FTA partner country. -
Background and Rationale Document Proposed Petroleum Refining Industry Standard
BACKGROUND AND RATIONALE DOCUMENT PROPOSED PETROLEUM REFINING INDUSTRY STANDARD (for selected contaminants) UNDER ONTARIO’S LOCAL AIR QUALITY REGULATION February 2016 Ontario Ministry of the Environment and Climate Change Environmental Sciences and Standards Division Standards Development Branch The information contained in this document is confidential and proprietary to the Government of Ontario. Unauthorized distribution or use of this document or the information contained herein is strictly prohibited. Copyright & Disclaimer The Government of Ontario reserves the right to make changes in the information contained in this publication without prior notice. 2016 Government of Ontario. All rights reserved. Other product or brand names are trademarks or registered trademarks of their respective holders. This document contains proprietary and confidential information about Government of Ontario, disclosure or reproduction is prohibited without the prior express written permission from Government of Ontario. Cette publication hautement spécialisée Background and Rationale Document Proposed Petroleum Refining Industry Standard February 2016 n'est disponible qu'en anglais conformément au Règlement 671/92, selon lequel il n’est pas obligatoire de la traduire en vertu de la Loi sur les services en français. Pour obtenir des renseignements en français, veuillez communiquer avec le ministère de l'Environnement et de l’Action en matière de changement climatique au 327-5519 ou par courriel à [email protected]. Translation: This highly specialized publication Background and Rationale Document Proposed Petroleum Refining Industry Standard under Ontario's Local Air Quality Regulation February 2016 is available in English only in accordance with Regulation 671/92, which exempts it from translation under the French Language Services Act. -
France Fund A-Euro for Investment Professionals Only FIDELITY FUNDS MONTHLY PROFESSIONAL FACTSHEET FRANCE FUND A-EURO 31 AUGUST 2021
pro.en.xx.20210831.LU0048579410.pdf France Fund A-Euro For Investment Professionals Only FIDELITY FUNDS MONTHLY PROFESSIONAL FACTSHEET FRANCE FUND A-EURO 31 AUGUST 2021 Strategy Fund Facts Bertrand Puiffe uses an unconstrained approach to portfolio construction, investing in Launch date: 01.10.90 companies based on their merits and not taking into account their prominence in the Portfolio manager: Bertrand Puiffe index. He takes a long-term view that allows him to benefit from market inefficiencies Appointed to fund: 01.09.17 created by the shorter-term time horizon of other investors. Bertrand has a very Years at Fidelity: 15 disciplined investment process based on systematic scoring of companies on Fund size: €64m qualitative and quantitative factors. He typically invests in three types of companies: Number of positions in fund*: 35 turnaround stories, special situations and where the market underestimates how strong, Fund reference currency: Euro (EUR) and for how long, growth can be sustained. Bertrand has a disciplined approach to risk Fund domicile: Luxembourg management at the stock level and during the portfolio construction process. Fund legal structure: SICAV Management company: FIL Investment Management (Luxembourg) S.A. Capital guarantee: No Portfolio Turnover Cost (PTC): 0.02% Portfolio Turnover Rate (PTR): 21.73% *A definition of positions can be found on page 3 of this factsheet in the section titled “How data is calculated and presented.” Objectives & Investment Policy Share Class Facts • The fund aims to provide long-term capital growth with the level of income expected Other share classes may be available. Please refer to the prospectus for more details. -
Quarterly Analyst Themes of Oil and Gas Earnings
Quarterly analyst themes of oil and gas earnings Q2 2021 ey.com/oilandgas Overview The recovery of oil and gas commodity markets and underleveraged and begin to return even more improved company performance continued in the cash to shareholders. As companies grapple with second quarter of 2021 with oil demand and OPEC+ low unlevered returns on renewable energy discipline resulting in a steady reduction in investments relative to oil and gas projects, the inventories and an increase in crude oil prices. matter of gearing is likely to re-emerge. Brent crude averaged US$69/bbl in the second On capital spending, analysts were interested in quarter, up 13% from the previous quarter and companies’ response to the improving macro- twice the average a year ago. Henry Hub averaged environment, specifically whether the companies US$2.95/mmBtu, down from US$3.50/mmBtu in were considering mobilizing additional upstream the first quarter as prices normalized after the investment with commodity prices returning to pre- extreme cold, but were up 50% from the beginning COVID-19 levels. Supply chain interruptions, labor to the end of the quarter, a trend that has market shortages and inflation concerns have continued into Q3. International gas markets begun to take center stage in economic news, and strengthened with northern Asia LNG prices oil and gas industry analysts checked for signs of averaging nearly US$10/mmbtu in 2Q21, driven by pricing pressure in the market for materials and strong growth in Chinese power demand, European services upstream and indications of how inventory rebuild and reduced hydroelectric output companies plan to offset the impact. -
Arcelormittal Office
Shareholder identification: Last name, first name, address, corporate denomination, registered ArcelorMittal office Date and signature Legal notice EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF ARCELORMITTAL TH ON 10 MARCH 2016 AT 11:30 A.M. TO BE HELD AT 24-26, BOULEVARD D’AVRANCHES, L - 1160 LUXEMBOURG, GRAND-DUCHY OF LUXEMBOURG (THE « COMPANY ») Please choose one of the 3 options below and tick the corresponding box, then date and sign above □ 1. I wish to attend the Extraordinary General Meeting in person. I will receive an admission card through the post which I must bring with me on the day of the Extraordinary General Meeting of shareholders. □ 2. I will not attend the Extraordinary General Meeting. I irrevocably give power to the Company Secretary of the Company, Mr. Henk Scheffer (the “Company Secretary”), to vote in my name and as he deems fit on all resolutions of the agenda in addition to all amendments or new resolutions that would be validly presented to the Extraordinary General Meeting, unless a different proxy holder is named below: ……………………………………………………………………………………………………* * Indicate the last name, first name and address of the proxy holder whom you appoint if you do not wish to grant proxy to the Company Secretary. □ □ 3. I will not attend the Extraordinary General Meeting. I irrevocably give power, with the following voting instructions, to the Company Secretary: EGM I II Resolution 1-2 For Against Abstention If amendments or new resolutions were to be presented, I irrevocably give power to the Company Secretary to vote in my name and as he deems fit, unless I tick the box below: “I abstain” Any blank form will be considered an irrevocable proxy to the Company Secretary to vote in the name of the shareholder and as he deems fit. -
The International Journal of Science & Technoledge
The International Journal Of Science & Technoledge (ISSN 2321 – 919X) www.theijst.com THE INTERNATIONAL JOURNAL OF SCIENCE & TECHNOLEDGE Monetizing the Flared Associated Natural Gas in Real-Time Via Synthetic Fuels Production Dr. Azunna I. B. Ekejiuba Senior Lecturer, Petroleum Engineering Department, Federal University of Technology Owerri/ Principle Researcher, Azuberth’s Research Complex, Owerri, Nigeria Abstract: The basic organic compound which serve as raw materials for the preparation of the many specific synthetic compounds are obtained from four sources: plant live, wastes, coal tar, petroleum (crude oil and natural gas). Wood was the first of man’s fuel and is still the primary energy source in most parts of the world. At the onset of the industrial revolution, charcoal from wood was replaced by coke from coal. Subsequently, the development of the internal-combustion engine and the automobile created a vast new market for gasoline product made from crude oil; kerosene use for lighting and heating oil began to replace coal in many energy markets. Thus, the industrial revolution lead to the change from the use of hand tools, using human mechanical energy to machine and power tools, which allowed the conversion of energy in falling water to mechanical energy (water wheels) or conversion of chemical energy in wood or coal to mechanical energy (steam engine) for industrial processes. Synthetic fuels are liquid or gaseous fuels extracted or fabricated from solid earth materials that are rich in hydrocarbons, such asbiomass (plants and plant-derived substance e.g., waste), coal, oil shale, tar sands, natural gas instead of refining crude oil. This paper reviewed the development of the GTL process technology from its recognition in 1902, to the evolving micro-channel technology. -
Slovenia: MOL Group' Retail Acquirement Agreement With
Slovenia: MOL Group’ retail acquirement agreement with OMV The agreed purchase price is 301 million euros (100 % share of OMV Slovenia); MOL Group reached an agreement with OMV to acquire OMV’s 92.25 % stake in OMV Slovenia, in which Croatian INA already holds a 7.75 % minority stake, from OMV Downstream GmbH as direct shareholder. The transaction includes 120 petrol stations across Slovenia. OMV Slovenia operates in the country under 3 brands: OMV (108), EuroTruck (4) and Avanti/DISKONT (8). MOL Group and INA will become the 100 % owner of the wholesale business of the acquired company, as well. With 48 MOL and 5 INA-branded service stations in Slovenia, MOL Group is currently the third largest retail market-player. However, the transaction is still subject to merger clearance. The acquisition fits into the Group’s SHAPE TOMORROW 2030+ updated long-term strategy, which places a special emphasis on the development of Consumer Services. MOL Group CEO Zsolt Hernadi said that this step is in line with group’s strategic goals to further expand retail fuel network in existing and potential new markets in central and eastern Europe. By 2025, MOL Group would like to reach 2200 petrol stations, potentially more, if more good opportunities arise. With constant development and digitization, shaping future consumer and mobility trends, MOL offers convenience as it aims to help people on the move, regardless of what powers the customer’s mode of transport. Furthermore, its integrated business model and accelerating growth enables it to provide financial resources for developing sustainable solutions and boosting circular economy in the region.