ING Archives - Maritime Shipping News

World’s Biggest Banks Will No Longer Finance New Oil And Gas Fields

15 December 2022

Credits: Venti Views/Unsplash

The biggest banks in the world has announced that it will no longer fund new oil and gas fields, says an article published on their Euro News.

Final approval

HSBC – the largest bank in the UK and the seventh largest in the world – will not support oil and gas projects that received final approval after the end of 2021.

This is a necessary step if the world is to reach net-zero emissions by 2050, the International Energy Agency has said.

Banks committed to net-zero

The...

https://mfame.guru/worlds-biggest-banks-will-no-longer-finance-new-oil-and-gas-fields/

Crude Rates Suffer As India’s COVID Crisis Worsens

27 April 2021

Indian refiners have so far stayed away from slashing crude run rates sharply despite the surge in COVID-19 cases to record highs, but with a rise in regional lockdowns and its subsequent impact on mobility and industrial activity, analysts said they will be forced to scale back crude runs in anticipation of a slowdown in oil demand, reports S&P Global.

Rising number of cases

However, analysts told S&P Global Platts that the run cuts may not be substantial as export demand for some oil...

https://mfame.guru/crude-rates-suffer-as-indias-covid-crisis-worsens/

Dutch plan zero emissions in short-sea shipping

8 June 2020

A joint venture zero emissions company is aiming to create the conditions that will make a significant shift for inland and coastal shipping to renewable electric power with a network of charging points and easily replace energy packs in containers.

Four European companies supported by the Dutch Ministry of Infrastructure and Water Management have launched a new company that will reduce carbon emissions from inland vessels to zero.

In a first step to its ultimate goal Zero Emission Services (ZES)...

https://container-news.com/dutch-plan-zero-emissions-in-short-sea-shipping/