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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. by Alex Kimani for Oilprice.com. 2 Total SA.

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

Green Car Congress

This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. An increase in natural gas generation offset some of the climate gains from this coal decline, but overall power sector emissions still decreased by almost 10%.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. —Glen Peters, a Research Director at the CICERO Center for International Climate Research. CO 2 emissions from coal use are expected to grow 1.0% [0.2% CO 2 emissions from oil use are expected to grow 2.2% [0.9%

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California ARB: GHG emissions fell below 1990 levels for first time in 2016; down 13% from 2004 peak; transportation emissions up 2%

Green Car Congress

The California Air Resources Board (CARB) announced that greenhouse gas emissions in California in 2016 fell below 1990 levels for the first time since emissions peaked in 2004—a reduction roughly equivalent to taking 12 million cars off the road or saving 6 billion gallons of gasoline a year.

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EEA report: EVs are better for climate and air quality

Green Car Congress

The EEA report ‘ Electric vehicles from life cycle and circular economy perspectives ’ reviews current evidence on electric cars’ impacts on climate change, air quality, noise and ecosystems, compared with conventional cars. The EEA has also published a new briefing on the environmental and climate impacts of transport.

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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

Green Car Congress

However, oil will continue to play a leading role in the world’s energy mix, the report finds. In the forecast, global transportation-related energy demand grows close to 30% from 2016 to 2040. The share of the world’s electricity generated by coal is expected to fall to less than 30% in 2040 from approximately 40% in 2016.

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LLNL’s Energy Flow Diagrams Show That The US Isn’t Moving The Needle On Climate Action

CleanTechnica EVs

In 7 years of electrification and deployment of wind and solar, the US barely budged the needle, in fact declining slightly to more wasted energy in 2016 and 2017 before improving again in 2018 and onward.

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