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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.

Oil 418
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Poll Finds Majority Support for Offshore Wind in Southern New England

Green Energy Consumers

If you read our blog on the High Cost of Saying NO to Offshore Wind , you know that offshore wind technology brings numerous benefits. Recent poll results from the Barr Foundation highlight consensus among Southern New England residents in favor of offshore wind initiatives.

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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.

Purchase 299
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Queensland’s Ambitious Actions to Tackle Climate Change

CleanTechnica EVs

The Sunshine State has set some ambitious targets in its efforts to go renewable. Still in the pipeline are wind farms […]. The state government target is 50% by 2030. RenewEconomy’s live feed indicates that as of 12 noon, the state is living up to its nickname, with 30% of its electricity coming from the sun.

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Report: $12.1T must be invested in new renewable power generation over next 25 years to limit climate change

Green Car Congress

To reach the level of investment in new renewable power generation needed to avert dangerous climate change, $12.1 Among the report’s key highlights: Achieving the Paris climate agreement’s goal to limit global temperature rise to below 2 degrees Celsius will require $12.1 This includes an additional $5.2

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. billion and $2.7

Coal 243
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New York’s largest offshore wind farm officially breaks ground

Baua Electric

Map: Orsted Governor Kathy Hochul (D-NY) announced this week that Sunrise Wind , New York’s largest offshore wind farm, has kicked off construction. Hochul said, “By breaking ground on Sunrise Wind and advancing the next wave of offshore wind projects, New York is passing a tremendous milestone to combat climate change.”

Wind 52