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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor. 2 Total SA.

Oil 418
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Harvard team finds large-scale US wind power would cause warming that would take roughly a century to offset

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All large-scale energy systems have environmental impacts, and the ability to compare the impacts of renewable energy sources is an important step in planning a future without coal or gas power. In the journal Joule , Harvard researchers report the most accurate modelling yet of how increasing wind power would affect climate.

Wind 315
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H2Carrier receives AiP from DNV for P2XFloater floating hydrogen and ammonia facility

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The concept is based on proven floating production, storage and off-take technologies combined with an e-control system capable of balancing renewable electricity feedstock through a fully integrated PEM and Haber-Bosch system. The renewable source can be either hydro power, sun or wind- or a combination of these.

Hydrogen 243
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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

Carbon 195
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Norwegian startup Blastr plans €4B green steel plant in Finland

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Green steel will be a critical raw material for developing renewable energy infrastructure, such as wind turbines, as well as in segments such as construction, the automotive industry, and consumer goods. With the green steel produced in Inkoo, we aim to reduce carbon emissions by 4.6 Inkoo power plant.

Finland 437
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EPIC: state-level renewable electricity mandates increase electricity prices up to 17% over 12 years; cost more expensive than benefit

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As states take the lead in confronting climate change, a flagship policy is often Renewable Portfolio Standards (RPS). RPS programs, which require that a certain percentage of the state’s electricity come from renewable sources, currently cover 64 percent of the electricity sold in the United States.

Renewable 207
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ICCT LCA study finds only battery and hydrogen fuel-cell EVs have potential to be very low-GHG passenger vehicle pathways

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In addition to its regional and temporal scope, this study is distinct from earlier LCA literature in four key aspects: This study considers the lifetime average carbon intensity of the fuel and electricity mixes, including biofuels and biogas. Source: The ICCT.

Hydrogen 418