WorldOil Pemex goes offline in oil industry’s largest climate organization The Oil and Gas Climate Initiative's biggest project to date has been to set targets for the reduction of carbon dioxide and methane emissions from its member companies. Pioneer Natural Resources sets out on 2030 carbon-reduction plan Reducing emissions intensity means that Pioneer will cut the amount of pollution per barrel of oil produced rather than the absolute amount of greenhouse gases pumped into the atmosphere. Brazil’s Petrobras CEO doubts decarbonization by “magical year” 2050 Petrobras CEO Roberto Castello Branco's stance more or less echoes those of U.S. oil giants Exxon Mobil and Chevron, which have emission reduction plans but have been outspoken about their focus on crude. BP investing in Middle East oil while pledging a renewables shift The company is a major producer in countries such as Iraq, where it operates the world’s third-largest oil field of Rumaila, the UAE and Oman. It’s focusing on their low-cost oil, while also boosting output of gas, according to Stephen Willis, BP’s senior vice president for the Middle East. Repsol to wind down oil exploration, focus on renewables growth Repsol SA will reduce its dividend next year as it outlined plans to wind down the search for oil and expand its renewable capacity fivefold during the next decade. Subsea CO2 storage plan offshore Denmark clears first regulatory hurdle The mission to store CO2 beneath the Danish North Sea has cleared the first major hurdle after the intended subsea reservoir was confirmed feasible for CO2 injection by independent certification body DNV GL to the endorsement of Danish authorities. Silixa launches fiber optic sensing-based monitoring solution for carbon capture and storage Silixa announced the launch of Carina CarbonSecure, its distributed acoustic sensing based solution for continuous or on-demand monitoring of all stages of carbon capture and storage operations. Joe Biden’s Net-Zero isn’t normal It would seem that to achieve Biden’s net-zero climate change goal would require the U.S. to abrogate its Constitution. UN says virus-driven greenhouse gas reductions don’t count “The lockdown-related fall in emissions is just a tiny blip on the long-term graph,” the UN's World Meteorological Organization secretary general Petteri Taalas said in a statement. “We need a sustained flattening of the curve.” EU leaders push back on wording of Saudi Arabia’s climate plan European leaders are resisting backing a climate plan pushed by Saudi Arabia that seeks to reduce emissions while capturing and reusing greenhouse gases produced by burning hydrocarbons.