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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

Green Car Congress

Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Gas production globally grew by 3.1%; the US recorded 7.7% The EU’s decline in gas production was the highest on record (-11.4%).

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

Green Car Congress

The project is slated to be the first plant in the US to produce Fischer-Tropsch GTL transportation fuels and other products from natural gas, according to Sasol. billion barrels of liquid fuels and chemicals from coal and natural gas. High temperature iron, for Secunda fuels and chemicals production. Earlier post.)

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

The continent was mostly powered by locally mined coal until the 1950s, when imports of cheap Middle Eastern oil started transforming the energy picture. In 1959 the Dutch discovered a giant natural gas field in Groningen ; in 1965 came the discovery of natural gas in the North Sea , soon followed by the first productive oil well.

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