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US submits target to cut GHGs by 26-28% from 2005 levels to UNFCCC; doubling the rate of reduction

Green Car Congress

The United States submitted its target to cut net greenhouse gas emissions to the United Nations Framework Convention on Climate Change (UNFCCC). per year on average during the 2005-2020 period to 2.3-2.8% The US target will roughly double the pace of carbon pollution reduction in the United States from 1.2%

2005 150
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The first subsea gas compression plant in the world goes on line; step change in subsea technology

Green Car Congress

Statoil and its partners this week put the first subsea gas compression facility on line at Åsgard in the Norwegian Sea. Subsea gas compression is the technology for the future, taking us a big step closer to our ambition of realising a subsea processing plant, referred to as the subsea factory.

Gas 150
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Study suggests neither cap-and-trade nor carbon tax have made significant impact on reducing GHG emissions

Green Car Congress

The European Union implemented a cap and trade scheme in 2005 for reducing carbon emissions; Scandinavian nations (including the non-EU state of. Norway) had independently imposed a carbon tax in the 1990s as part of their effort to reduce carbon emissions. 2012) ‘ Greenhouse gas disclosures: evidence. —Freedman et al.

Tax 244
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IEA: Electric vehicles posted strong gains in 2016; 2M now in global parc

Green Car Congress

In 2005, electric cars were still measured in hundreds. Six countries more than over 1% electric car market share in 2016: Norway, the Netherlands, Sweden, France, the United Kingdom and China. The electric car stock shown here is primarily estimated on the basis of cumulative sales since 2005.

2016 186
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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. Total Gas & Power Limited, the gas trading subsidiary of Total, will also purchase 0.9

Australia 210
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UK Government approves Statoil’s US$7B development of North Sea Mariner heavy oil field

Green Car Congress

Statoil has extensive heavy oil experience from offshore fields in Norway and Brazil, which will enable it to develop the Mariner field. North Sea oil and gas is a vital asset. billion commitment over 40 years from Statoil is a vote of confidence in the future of UK oil and gas. The oil is heavy with API gravities of 14.2

Mariner 225
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Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

Green Car Congress

Maersk Oil entered Angola in June 2005, when it acquired a 50% interest and operatorship of Block 16. Maersk Oil is an international oil and gas company with operated production of about 650,000 barrels of oil equivalent per day offshore Denmark, UK and Qatar, as well as onshore Kazakhstan and Algeria.

Angola 199