![Saudi Aramco has also stuck to revealing emissions only from assets over which it has operational control, which means it is excluding most of its joint ventures both in Saudi Arabia and around the world [File: Bloomberg]](/wp-content/uploads/2021/04/370679191.jpg?resize=570%2C380)
Saudi Aramco still has a long way to go in ensuring that its emissions disclosures match those of other oil majors.
Fossil Fuels
![The World Bank's sister organisations, the International Finance Corporation and Multilateral Investment Guarantee Agency, will align 85 percent of their direct financing with the Paris Agreement by July 2023 and 100 percent by July 2025, according to a new set of policies by the global lender seen by Reuters [File: J David Ake/AP Photo]](/wp-content/uploads/2018/08/e0ec280d2d4b4abbb944d90366650f4f_19.jpeg?resize=375%2C223)
New policy aims to align funding with climate goals but does not promise to stop financing fossil fuels: Reuters
![Brazil’s move to preserve fuel subsidies has already roiled markets, driving the real to become the worst-performing key currency this year [File: Andre Coelho/Bloomberg]](/wp-content/uploads/2021/03/370274432.jpg?resize=570%2C380)
Large economies have pledged at least $292bn in COVID relief for fossil-fuel intensive industries, researchers say.
![India is under growing pressure to improve its climate commitments, which have forced government officials to debate a possible net-zero emissions target [File: Dhiraj Singh/Bloomberg]](/wp-content/uploads/2021/03/370301018.jpg?resize=570%2C380)
The world’s third-biggest emitter of greenhouse gases will put 67 coal mines up for auction at once.
![Compressor complexes at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the nearly completed Nord Stream 2 gas pipeline, in Ust-Luga, Russia [File: Bloomberg]](/wp-content/uploads/2021/03/370119845.jpg?resize=270%2C180)
New sanctions could include the Nord Stream 2 pipeline’s parent company, sources tell Bloomberg.
![HSBC's announcement reinforces how the world's biggest financial firms are bowing to mounting pressure to join the battle against climate change [File: Brendan McDermid/REUTERS]](/wp-content/uploads/2019/11/777f6579720246deb65e51095c108ce1_18.jpeg?resize=270%2C180)
Banking giant commits to ending support for coal by 2040 as shareholders push HSBC to align itself with climate goals.
![United States Representative Deb Haaland, who has been an outspoken critic of fracking and cosponsored the original Green New Deal resolution, is widely expected to be confirmed as Secretary of the Interior [File: Jim Watson/Pool via AP]](/wp-content/uploads/2021/03/AP_21054599571351.jpg?resize=270%2C180)
Deb Haaland would be the first Native American to hold a cabinet post if confirmed.
![Within API, there has been a widening rift between Europe’s top energy companies, which over the past year accelerated plans to cut emissions and build large renewable energy businesses, and their US rivals ExxonMobil Corp and Chevron Corp, which have largely resisted growing investor pressure to diversify [File: Tony Gutierrez/AP]](/wp-content/uploads/2021/03/AP_20211833794064.jpg?resize=270%2C180)
If the American Petroleum Institute endorses carbon pricing, it would mark a major policy shift.
Norway could license companies for seabed mining by 2023 to meet demand for batteries, wind turbines and solar energy.
![Iranian oil tanker Grace 1 departed from Gibraltar in 2018, after local authorities denied the US request of seizing the ship and its cargo [File: A. Carrasco Ragel/EPA] (EPA)](/wp-content/uploads/2021/02/Oil-tanker-Grace-1-prepares-to-leave-from-Gibraltar.jpg?resize=270%2C180)
A Justice Department spokesman said the oil had been sold and the proceeds would go to a fund for victims of terrorism.
![Coca-Cola is responsible for more plastic pollution than any other company, according to the Break Free From Plastic Campaign [File: Luke Sharrett/Bloomberg]](/wp-content/uploads/2021/02/cocacola.jpg?resize=270%2C180)
The new bottles will cut the company’s use of new plastic by over 20 percent in North America compared to 2018, it said.
![Global benchmark Brent crude topped $60 a barrel on Monday [File: Ints Kalnins/Reuters]](/wp-content/uploads/2021/02/2019-12-03T194635Z_1173388802_RC2VND9BAHOL_RTRMADP_3_EQUINOR-OIL.jpg?resize=270%2C180)
Oil prices rose to their highest levels in over a year on Monday, as output cuts and stimulus hopes drive crude higher.
![Algeria's fiscal break-even of $135 a barrel is higher than that of any other oil producer in the Arab world, according to the IMF [File: Jack Burlot/Corbis/Getty Images via Bloomberg]](/wp-content/uploads/2021/02/367892375.jpg?resize=270%2C180)
Sinking energy exports threaten more financial pain for Algeria, and possibly renewed unrest.
![Excluding the historic impairment, Exxon Mobil Corp returned to profit in the fourth quarter, earning three cents per share, and ending a run of three consecutive quarterly losses [File: Spencer Platt/Getty Images North America]](/wp-content/uploads/2021/02/367749990.jpg?resize=270%2C180)
Exxon Mobil promised that if crude were to dip to $45 it would sacrifice spending in the name of dividends.
