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BP makes second significant gas discovery in Egypt’s East Mediterranean Sea; follows confirmation of $12B investment in West Nile Delta

Green Car Congress

BP Egypt announced another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The estimated potential in the concession exceeds 5 trillion cubic feet (tcf) and we now have a positive starting point for the next possible major project in Egypt after BP’s West Nile Delta project. West Nile Delta.

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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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The world’s 100 largest emitting publicly traded companies, for example, account for around a quarter of global greenhouse emissions (including emissions from the use of their products by customers). The Kigali Amendment to the Montreal Protocol aims to phase out the use and production of hydrofluorocarbons.

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The Global Outlook of Electric Vehicles

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However, there are still challenges ahead, most notably with procuring the raw materials needed for battery production. IEA states that cities that started adopting EVs early may also face electricity grid congestion as electricity infrastructure catches up to the new level of electricity demand.