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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects. BIT:ENI) recently unveiled what has been hailed as the most ambitious climate pledge yet by an oil supermajor. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge.

Oil 418
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ArcelorMittal Europe to produce “green steel” starting in 2020

Green Car Congress

The strategy is centred around two main technology routes, as introduced in the first ArcelorMittal Europe climate action report published earlier this year: The use of hydrogen in DRI-EAF (Direct Reduced Iron - Electric Arc Furnace) and, also, the blast furnace. The expansion of its Smart Carbon route, also utilizing hydrogen.

Europe 382
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

It not only solves our air quality and climate challenges by producing pollution-free hydrogen. Producers of so-called blue, gray and brown hydrogen use either fossil fuels (natural gas or coal) or low-temperature gasification (. That’s why our partnership with SGH2 is so important. This is game-changing technology.

Waste 448
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Australia Goes All-in on Green Hydrogen

Cars That Think

And while coal plants still supplied over half of Australia’s power in 2021, change is afoot. The government elected last year passed the country’s first climate-action law in more than a decade. 150 GW of wind and solar generation—more than the total installed generating capacity of France. Yet many more are actually needed.

Australia 145