• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Editor's pick

Climate Group sues oil firm over net-zero claims in a world first

4 years ago
in Editor's pick, highlights, Home, home-news, latest News
2 min read
0 0
0
52
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Climate Group sues oil firm over net-zero claims in a world first

The Australasian Centre for Corporate Responsibility (ACCR) filed on Thursday a lawsuit with the Federal Court of Australia, challenging claims of energy giant Santos that natural gas provides “clean energy” and questioning its net-zero targets, in a world-first court case to challenge the veracity of a company’s net-zero emissions targets.

Australia-based gas producer and developer Santos aims to reduce its Scope 1 and Scope 2 emissions to net zero by 2040. Santos has set an intermediate target to cut its Scope 1 and Scope 2 emissions and emissions intensity by 26-30 percent by 2030. The company bets on carbon capture and storage (CCS) projects to purse more drastic emissions reductions in the coming decades.

Environmental Defenders Office, acting on behalf of ACCR, will argue that Santos’ claims that natural gas is “clean fuel” and that it has a credible pathway to net zero emissions by 2040 “constitute misleading or deceptive conduct” under the Corporations Act 2001 and the Australian Consumer Law, EDO said.

The court case is also “a landmark, world-first test case in relation to the viability of carbon capture and storage, and the environmental impacts of blue hydrogen, increasingly touted as a key element in gas companies’ pathways toward net zero emissions,” EDO added.

Read: Why Gulf of Guinea is world’s most dangerous waterway – Ex-NIMASA Director-General

“Santos has perfected the art of greenwashing, and shareholders continue to be misled by Santos’ clean energy claims,” said Dan Gocher, Director of Climate and Environment at ACCR.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

“Santos’ ‘clean energy’ and ‘net zero’ claims pose a major risk to investors as it becomes increasingly more difficult to differentiate between companies taking genuine action versus those relying largely on offsets or unproven technologies,” Gocher noted.

The first court case challenging the oil industry’s pathways to net-zero emissions is not surprising as environmental groups have upped the pressure on the sector since a Dutch court in May ordered Shell to slash its carbon emissions by 45 percent by 2030 in a landmark ruling.

According to Verisk Maplecroft’s Environmental Risk Outlook 2021, legal liabilities related to climate are becoming more mainstream. Nearly 3,000 cases have been lodged since the start of the century, “primarily aimed at changing government policy or claiming compensation from fossil fuel companies for their contributions to global heating.” 

Source: oilprice
Via: norvanreports
Tags: Australasian Centre for Corporate Responsibility (ACCR)carbon captureClimate Group sues oil firm over net-zero claims in a world firstnet-zero claims
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.