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3 Oil Majors That Bet Big On Renewables

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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.

Oil 418
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. thousand in 2017.

Coal 243
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As states use less coal for electricity, driving electric vehicles becomes even cleaner

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Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. by Michael Sivak, Sivak Applied Research.

Coal 435
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Mercom: battery, smart grid, energy efficiency companies raised $2.3B in VC funding in 2019; 18% lower than 2018

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Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity for the Battery Storage, Smart Grid, and Energy Efficiency sectors for 2019. billion raised in 2018. billion raised in 2018. billion in 2018. billion in 2018.

2019 195
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As states continue to use less coal for electricity, driving electric vehicles becomes even cleaner

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Battery electric vehicles are only as clean as the energy source used to generate the electricity that powers them. These results indicate that coal and oil are the energy sources leading to most emissions, and that hydro, wind, and nuclear are the energy sources leading to least emissions. by Michael Sivak, Sivak Applied Research.

Coal 334
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IEA: global energy demand rose by 2.3% in 2018, fastest pace in the last decade; CO2 emissions up 1.7%

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to 33 Gigatonnes (Gt) in 2018. These findings are part of the International Energy Agency’s latest assessment of global energy consumption and energy-related CO 2 emissions for 2018. Electricity continues to position itself as the “fuel” of the future, with global electricity demand growing by 4% in 2018 to more than 23,000 TWh.

2018 207
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EPA finalizes RFS volumes for 2018 and biomass-based diesel volumes for 2019

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The US Environmental Protection Agency (EPA) finalized a rule that establishes the required renewable fuel volumes under the Renewable Fuels Standard (RFS) program for 2018, and biomass-based diesel for 2019. Final requirement 2018 2019. Earlier post.). The final volume requirements are listed in the table below. Earlier proposal.

2018 150