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The SUV market is fueling global oil demand, clouding CO2 targets

Green Car Reports

A strong SUV market is leading to higher oil demand today, and may make future carbon dioxide (CO2) emissions targets harder to achieve, according to the International Energy Agency (IEA). New IEA analysis found that global CO2 emissions from SUVs reached nearly 1.1 SUVs are.

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Should more regulatory responsibility for carbon reduction fall on oil companies?

Green Car Reports

Regulating carbon emissions from the oil and gas industry would allow the United States to reach its climate goals faster, argues a recent opinion piece by an oil industry veteran published in The Hill. carbon-dioxide (CO2) emissions come from burning oil and natural gas, and 1.4 Over 80% of U.S.

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

Green Car Congress

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. for oil, 1.1% increase in 2021.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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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SLB introduces low-carbon alternative for well construction cement that eliminates up to 85% of embodied CO2

Green Car Congress

The cement-free EcoShield system is a breakthrough that delivers industry-standard zonal isolation capabilities while significantly minimizing impact from upstream oil and gas production. —Jesus Lamas, SLB’s president of Well Construction In well construction, cement is used to fill the space between well casing and the wellbore.

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Volvo Cars switches to biodiesel for ocean freight; cutting fossil CO2 emissions by 84%

Green Car Congress

The fuel used is Fatty Acid Methyl Esters (FAME) (biodiesel) and is based on renewable and sustainable sources, mainly waste cooking oil. No feedstock related to palm oil or palm oil production is used. The reduction is equivalent to the CO 2 emissions of a full truck driving around the equator about 1,200 times.

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BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

Green Car Congress

BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year. —Greg Smithies, Partner, BMW i Ventures.

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