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Global billionaires unite in “Breakthrough energy coalition” to support development of zero-carbon energy

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As the UN climate conference COP21 opened in Paris, Bill Gates announced the formation of the “ Breakthrough energy coalition ”, an investment grouping of global billionaires focused on developing the technologies that will create a new zero-carbon energy mix. Aliko Dangote, Founder and Chief Executive, Dangote Group, Nigeria.

Energy 150
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Low-lying and other vulnerable countries calling for fast action on non-CO2 global warming pollutants

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Led by the tiny Pacific island of the Federated States of Micronesia, a growing group of low-lying islands and other vulnerable countries are calling for fast action on the approximately 50% of global warming that is caused by pollutants other than carbon dioxide (CO 2 ).

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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The California Air Resources Board (ARB) established the 2014 Crude Average carbon intensity of 11.30 gCO 2 e/MJ, calculated by weighting the carbon intensity value for each crude by the volume supplied to California refineries during 2012, 2013, and 2014.). It is now processed in more than 25 refineries around the world.

Oil-Sands 150
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GE study finds 5% of worlds natural gas production wasted per year by flaring

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A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. It will help slow global warming while also saving scarce natural resources.

Waste 260
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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in West Africa, including Nigeria, Cameroon, Ivory Coast, and Equatorial Guinea. operated a global commodity trading business, which included trading in fuel oil.