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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.

Oil 418
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Taylor Machine Works and Cummins to integrate hydrogen engines into Taylor lift trucks and container handlers

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This collaboration will help realize the decarbonization goals of industrial steel, wood products, concrete, oil and gas, and port operations markets. 15-liter hydrogen engine Taylor is working to develop low and zero-carbon solutions across its entire product line.

Hydrogen 365
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EIA projects increases in global energy consumption and emissions through 2050

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If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as a result of population and economic growth. EIA projects electricity generation to almost double in developing non-OECD countries by 2050. —EIA Acting Administrator Stephen Nalley.

Global 259
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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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The California Air Resources Board (CARB) Executive Officer has certified the 2020 annual update to the carbon intensities (CI) of the lookup table pathways for a) California Average Grid Electricity Used as a Transportation Fuel in California and b) Electricity Supplied under the Smart Charging or Smart Electrolysis Provision.

2020 383
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Proposed CA LCFS pathways for corn starch ethanol with carbon capture and sequestration: as low as 37 gCO2e/MJ

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North Dakota-based Red Trail Energy (RTE), which since 2007 has operated an ethanol production facility with annual production of about 60 million gallons per year, is proposing sequestration of CO 2 produced from starch fermentation to lower the overall carbon intensity of the fuel for the California Low Carbon Fuel Standard (LCFS).

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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

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Suncor and ATCO partner on potential world-scale hydrogen project in Alberta

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Suncor’s operations include oil sands development, production and upgrading, offshore oil and gas, and petroleum refining in Canada and the US. Specifically, 65% of the output would be used in refining processes and cogeneration of steam and electricity at the Suncor Edmonton Refinery, reducing refinery emissions by 60%.

Hydrogen 308