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TotalEnergies warns indirect emissions could rise as it aims to sell more gas

By America Hernandez PARIS -Plans by TotalEnergies to sell more natural gas in coming years will increase the company’s indirect emissions of planet-warming CO2, the French energy company said on Thursday in its annual sustainability progress report. But TotalEnergies also said global emissions would fall due to its clients switching away from dirtier fuels. In …

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UniCredit investors back CEO pay increase in 2024-2025, approval drops

MILAN (Reuters) -Shareholders in UniCredit on Thursday approved the bank’s pay policy for this year and the last, shrugging off recommendations by leading governance advisers to reject the proposals. Both Institutional Shareholder Services (ISS) and Glass Lewis had recommended UniCredit investors reject the remuneration policy for 2024 and 2025, deeming excessive the increase in the …

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Ryanair CEO says Boeing executive downplayed aircraft tariff threat

By Joanna Plucinska and Tim Hepher BRUSSELS (Reuters) -Ryanair’s boss is confident that commercial jets will not be sucked into trade tensions between the United States and other trade powers, including Europe, after a meeting with a top Boeing executive. Michael O’Leary, CEO of the European budget airline, said he had met Boeing Commercial Airplanes …

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Shell, Equinor, TotalEnergies to invest $714 million in carbon storage expansion

By Nora Buli OSLO (Reuters) – Shell, Equinor and TotalEnergies said on Thursday they will invest 7.5 billion Norwegian crowns ($713.66 million) into expanding their flagship carbon storage project in western Norway after securing a new customer deal. The decision comes after the partners signed a 15-year commercial agreement with Stockholm Exergi to transport and …

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Head of BP’s EV charging unit Richard Bartlett leaves company

LONDON (Reuters) – The head of BP’s electric vehicle charging business BP Pulse, Richard Bartlett, has left the company, a BP spokesperson said on Thursday, weeks after a strategy revamp to refocus on oil and gas. BP has around 40,000 electric vehicle charging points. It said at its capital markets day in February, which saw …

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European auto suppliers body calls for solutions, not tariffs

PARIS (Reuters) – The European association of automotive suppliers (CLEPA) on Thursday called on policymakers in Europe to prioritise finding solutions over trade barriers after U.S. President Donald Trump announced 25% tariffs on foreign-made vehicles. “Tariffs of this scale will disrupt the flow of goods, raise production costs, and ultimately make cars more expensive for …

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Spain’s Criteria says no current talks on stake in Naturgy

MADRID (Reuters) – Spanish holding company Criteria said on Thursday it was not at present in negotiations with any potential investor regarding its stake in the energy utility Naturgy. The statement comes after Bloomberg News reported on Monday that Abu Dhabi’s TAQA had approached Naturgy’s largest shareholder, Criteria, to revive an offer for a stake …

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UK aviation watchdog to review Heathrow’s resilience rules

By Pushkala Aripaka and Yamini Kalia (Reuters) -Britain’s aviation watchdog will consider Heathrow airport’s resilience rules as part of a regular review, it said on Thursday, following a closure last week that disrupted global flight schedules and stranded thousands of passengers. London’s Heathrow, Europe’s busiest airport, rocked the travel industry last Friday when it shut …

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