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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.

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

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The Rhodium Group, an independent research provider, estimates that, after a sharp uptick in 2018, US greenhouse gas (GHG) emissions fell by 2.1% in 2019 based on preliminary energy and economic data. All told, net US GHG emissions ended 2019 slightly higher than at the end of 2016. during the first three quarters of 2019.

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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According to EIA’s January Short-Term Energy Outlook (STEO) , global liquid fuel consumption will exceed 100 million barrels per day, on average, in 2023 for the first time since 2019, then average more than 102 million barrels per day in 2024. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.

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Neste and Rolls-Royce partner to accelerate use of renewable diesel

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Neste and Rolls-Royce have agreed to build a strategic partnership on accelerating the use of renewable diesel as a lower-emission solution for diesel engines. Both parties share a common vision of renewable fuels playing a key role in reducing greenhouse gas emissions in off-highway applications, such as construction and power generation.

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CARB publishes 2020 CI values for electricity as transportation fuel: average 82.92 gCO2e/MJ, up from 2019

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gCO 2 e/MJ used in 2019. Natural gas accounted for 45.44% of the power mix in California in 2018— an increase from 42.93% the year before. The CI of California average grid electricity used as a transportation fuel in California for 2020 is 82.92 gCO 2 e/MJ. This represents a slight increase over the CI of 81.49 gCO 2 e/MJ.

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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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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 to 5,130 million metric tons (MMmt), according to data in the US Energy Information Administration’s (EIA) Monthly Energy Review. in 2019, and gross domestic product, which increased by 2.3% in 2019, and gross domestic product, which increased by 2.3% US energy-related CO 2 emissions declined by 2.8%

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