Energy Pulse: Europe’s moonshot moment as it aims for zero net emissions in 2050

The European Commission this week set out a strategy for radical change in the EU’s economy to achieve net zero carbon emissions by 2050. If implemented the plans would have huge implications for energy companies in Europe and around the world. It is already clear, however, that some EU member states have deep reservations about such an ambitious agenda. In other news, ExxonMobil has won a landmark victory in a court case over its disclosures on climate risk; Chevron is having to take a non-cash charge of up to $11bn for writing down the value of some of its assets, particularly Appalachian gas reserves, and why the impact on oil markets of the IMO 2020 shipping fuel regulations has been more muted than some forecasts originally suggested.