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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.

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Equinor Energy & Mitsubishi Heavy to collaborate on low-carbon technology to reduce carbon footprint of oil & gas operations

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Norway-based energy company Equinor Energy and Mitsubishi Heavy Industries (MHI) signed a Memorandum of Understanding (MoU) for a low-carbon technology collaboration. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of oil & gas operations.

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Heat Pumps Take on Cold Climates

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Twenty homes scattered across Canada and the northern United States are keeping warm this winter using prototypes of the latest iteration in residential heating systems: cold climate heat pumps. To prove it, eight manufacturers are publicly testing their prototypes in the Cold-Climate Heat Pump Technology Challenge , hosted by the U.S.

Climate 142
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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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The Global Carbon Project (GCP) published its annual analysis of trends in the global carbon cycle in the journal Earth System Science Data , including an updated full-year projection for 2022. Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. The decline in 2020 of -5.2%

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ExxonMobil, FuelCell Energy expand agreement to optimize carbonate fuel cell technology for large-scale carbon capture

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signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. ExxonMobil is exploring options to conduct a pilot test of next-generation fuel cell carbon capture solution at one of its operating sites.

Carbon 360
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Oil sands company Suncor Energy strengthens its focus on hydrogen and renewable fuels, divesting wind and solar

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Suncor Energy, a Canadian integrated energy company that is one of the top oil sands producers in the country, will strengthen its focus on hydrogen and renewable fuels to accelerate progress towards its objective to be a net-zero company by 2050. Suncor also plans to divest its wind and solar assets.

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