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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

Oil 418
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EPA: US GHG emissions in 2017 down 0.3% from 2016

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greenhouse gas emissions were 6,472.3 from 2016, according to the US Environmental Protection Agency’s (EPA’s) latest Greenhouse Gas Inventory. The decrease in total greenhouse gas emissions between 2016 and 2017 was driven in part by a decrease in CO 2 emissions from fossil fuel combustion. below 2005 levels.

2017 262
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EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

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Source: US Energy Information Administration, Preliminary Monthly Electric Generator Inventory, January 2019. Other includes landfill gas, biomass, and other gas. Based on data in EIA’s Preliminary Monthly Electric Generator Inventory, reciprocating engines accounted for 1% of the total natural gas-fired power fleet.

Gas 348
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Tüpra? and Honeywell sign licensing agreement for the use of Honeywell UOP Ecofining technology; renewable diesel and SAF

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The new Ecofining plant is being designed to convert approximately 8,300 barrels per day of waste feeds/feedstocks to SAF, renewable diesel, and other products. SAF and renewable diesel have similar molecules to petroleum-based diesel and jet fuels and can be used as a drop-in replacement without engine modifications. As Tüpra?,

Renewable 195
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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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Argonne releases 2016 version of GREET

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The Argonne National Laboratory’s Systems Assessment Group announced 2016 release of the suite of GREET (Greenhouse gases, Regulated Emissions, and Energy use in Transportation Model) models and associated documentation. Updated DME production from fossil natural gas, natural gas-derived methanol, and renewable feedstocks.

2016 218
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UPS commits to aggressive goals for more alternative vehicles, fuel and renewable power by 2025

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UPS announced new sustainability goals to add more alternative fuel and advanced technology vehicles to its fleet while increasing its reliance on renewable energy sources. UPS has a goal that 25% of the electricity it consumes will come from renewable energy sources by 2025—a significant increase from the 0.2%

Renewable 170