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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio. 1 Equinor. 2 Total SA.

Oil 418
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UK awards £28M for 5 demonstration-phase low-carbon hydrogen production projects

Green Car Congress

As part of a larger £90 million (US$117 million) package of awards to cut carbon emissions in industry and homes, the UK is awarding £28 million (US$36.5 million) to five demonstration phase projects for low-carbon hydrogen production. HyNet – low carbon hydrogen plant. Contract value: £3.12 million (US$4.1 Contract value: £7.5

Hydrogen 386
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Kinder Morgan and Neste partner on major renewable fuels logistics project in US

Green Car Congress

This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.

Renewable 320
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IEEE’s Plan To Help Combat Climate Change

Cars That Think

The IEEE Board of Directors formed an ad hoc committee on climate change in February to coordinate its response to the global threat. Why should IEEE be involved in combating climate change? Why should members care about climate change? Rahman: Climate change is an existential threat to humanity.

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Ford sets target to become carbon-neutral globally by 2050

Green Car Congress

Ford Motor Company intends to achieve carbon neutrality globally by 2050, while setting interim targets to address climate change challenges more urgently. Carbon neutrality refers to achieving zero carbon emissions by balancing such emissions with carbon removal. Ford is investing more than $11.5

Carbon 252
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Stanford study finds current carbon capture technology inefficient & increases air pollution

Green Car Congress

Jacobson, professor of civil and environmental engineering at Stanford University, suggests that carbon capture technologies are inefficient and increase air pollution. All sorts of scenarios have been developed under the assumption that carbon capture actually reduces substantial amounts of carbon.

Pollution 271
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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

Green Car Congress

Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America. will deliver to the grid by the end of 2020.

Honda 299