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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. 2 Total SA.

Oil 418
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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in 2018, the only annual increase in the past five years. The changes in US energy-related CO 2 emissions in 2019 offset the increase in 2018. In 2019, the transportation sector’s energy-related CO2 emissions declined by 0.7% US energy-related CO 2 emissions declined by 2.8% CO 2 emissions had increased by 2.9%

2019 273
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Bosch, Shell, and Volkswagen develop renewable gasoline with 20% lower CO2; rollout of Blue Gasoline this year

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On the road to climate-friendly mobility, we must ensure we don’t leave any technical opportunities untapped, starting with electromobility and ending with renewable fuels. we save can help us achieve our climate targets. One source of such naphtha is what is known as tall oil, a by-product in the production of pulp for paper.

Gasoline 393
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KIT and Wintershall Dea collaborating to develop industrial-scale methane pyrolysis for CO2-free production of hydrogen

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There are huge quantities of natural gas worldwide and it can be used in a climate-neutral way. In 2018, the research of KIT and the Institute for Advanced Sustainability Studies e.V. In 2018, the research of KIT and the Institute for Advanced Sustainability Studies e.V. —Prof Wetzel.

Kits 273
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Viridos executes agreement with ExxonMobil to help scale algae biofuels toward commercial levels

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The recent productivity advances in Viridos’ technology are an opportunity to turn CO2 into renewable diesel and sustainable aviation fuels, providing an essential component for the decarbonization of the heavy-duty transportation industry. —Vijay Swarup, vice president of Research and Development at ExxonMobil.

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IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped

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Fossil fuel subsidies amount to hundreds of billions of dollars worldwide, and removing them has been held up as a key answer to climate change mitigation. However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high.

Emissions 186
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Largest pilot plant for CO2-neutral production of hydrogen begins operation at voestalpine site in Linz

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The global climate goals of almost completely eliminating CO 2 emissions by 2050 pose challenges for industrial enterprises and energy suppliers, and demand new technological solutions in both sectors. In the business year 2018/19, the Group generated revenue of €13.6 billion, with an operating result (EBITDA) of €1.6

Hydrogen 221