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bp to exit its 19.75% shareholding in Rosneft

Green Car Congress

Impact on reporting and finances. This will result in two material changes to bp’s financial reporting and finances in the results for the first quarter of 2022. It continues to keep this situation under review. Bernard Looney has been a director of Rosneft as one of two bp-nominated directors since 2020.

Russia 186
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Study finds government and vehicle manufacturers need to introduce long-term incentives and prices cuts to create sustainable market for ultra-low emission vans

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Element Energy used a component-based cost model to estimate the current and future costs of conventional and novel powertrains based on peer-reviewed data—e.g., Using government oil price projections, pure electric vans will still have a 10% cost of ownership premium over diesel in 2030.

Emissions 231
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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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While this is a threat for business, there are also opportunities to grow commerce and create jobs, and to innovate to address the needs of growing populations for agriculture, sanitation, education, technology, finance, and healthcare. The Innovation Nexus: the opportunity to address sustainability challenges through business innovation.

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GSI/UNEP conference report finds fossil-fuel subsidy reform complex and challenges sobering; ~1% of global GDP spent on fossil-fuel subsidies

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In 2008, a report by UNEP called for the elimination of fossil-fuel subsidies, concluding that such subsidies often lead to increased levels of consumption and waste; place a heavy burden on government finances; can undermine private and public investment in the energy sector; and do not always end up helping the people who need them most.

Fuel 240
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Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

Blog Archive ▼ 2009 (52) ▼ April (6) Waxman-Markey and REDD BlogRoll Review: Space Beams, Leaded Batteries, an. Review of Forestry Carbon Standards 2008 Ford Partners to Commercialize Electric Vehicles A New "Green" Deal.Direction for the economic re. The World's First Clean Motocross Race On Electric.

Grid 28
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Opinion: Political Climate Shifting Against The Oil And Gas Industry

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Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

Oil 150
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In this article, we will review the facts and explain our thoughts on where we believe EVs are headed. Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel.

Economy 52