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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.

Oil 418
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New study finds GHG emissions from palm oil production significantly underestimated; palm oil biofuels could be more climate-damaging than oil sands fuels

Green Car Congress

The majority (62%) of the plantations were located on the island of Sumatra, and more than two-thirds (69%) of all industrial plantations were developed for oil palm cultivation, with the remainder mostly being Acacia plantations for paper pulp production. Earlier post.).

Oil-Sands 314
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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

Green Car Congress

The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. —Pavlenko et al.

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IEA: Petrochemicals set to be the largest driver of world oil demand

Green Car Congress

Petrochemicals are rapidly becoming the largest driver of global oil demand. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 2050, adding nearly 7 million barrels of oil a day by then. Source: IEA. —Dr Fatih Birol, IEA Executive Director.

Oil 281
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Bill McKibben Sees Trouble Ahead For Tesla & Big Oil

CleanTechnica EVs

Dedicated climate activist Bill McKibben in a post on Substack suggested that Tesla and Big Oil have a common weakness. He says both are way behind the technological curve. The announcement a few days ago by BYD that it has developed a battery for an electric car that.

Oil 123
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Sapphire Energy pairs with Sinopec as one of 6 new US-China EcoPartnerships; algae-derived crude oil

Green Car Congress

Sapphire and Sinopec have been working on an algae-derived renewable crude oil project. The EcoPartnerships Program promotes cooperation between US and Chinese sub-national actors who work on clean energy, climate change, and environmental protection, to help address some of the biggest challenges facing our two countries.

Oil 247
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IEA: global carbon dioxide emissions have rebounded strongly

Green Car Congress

Major economies led the resurgence as a pick-up in economic activity pushed energy demand higher and significant policies measures to boost clean energy were lacking. The rebound in global carbon emissions toward the end of last year is a stark warning that not enough is being done to accelerate clean energy transitions worldwide.

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