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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.

Oil 418
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California 2017 GHG inventory shows 1.2% total drop from 2016; transportation sector emissions up 1%

Green Car Congress

The California Air Resources Board’s latest state inventory of greenhouse gas emissions shows that California’s GHG emissions continue to decrease. Compared to 2016, California’s GDP grew 3.6% It does not include emissions from petroleum refineries and oil production. In-State Hydro, Solar, and Wind Electricity Generation.

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Carbon emissions in port of Rotterdam drop more swiftly than national average

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In the period 2016-2020, the port of Rotterdam reduced its total carbon emissions by 27%. The port’s total emissions volume combines those released by industrial production (refineries, chemical companies) and electricity generation (gas- and coal-fired power plants).

Carbon 259
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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%

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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.

2004 225
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. Nearly all of the change in CO 2 emissions in 2019 arose in the electric power sector.

2019 273
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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

Green Car Congress

The Rhodium Group, an independent research provider, estimates that, after a sharp uptick in 2018, US greenhouse gas (GHG) emissions fell by 2.1% 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%. Coal-driven decline.

Coal 370
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Greenhouse gas (GHG) emission standards and CAFE standards increase new LDV fuel economy through model year 2025 and beyond, with more fuel-efficient new vehicles gradually replacing older vehicles on the road and raising the fuel efficiency of the LDV stock by an average of 2.0% per year, from 21.5 l/100 km) in 2012 to 37.2

Oil 290