ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

Green Car Congress

A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Top: Heavy fuel oil use (tonnes) in the Arctic, 2015, with minimum sea extents. However, with expanded Arctic shipping comes the increased risk of accidents, oil spills, and air pollution.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Planned capital spending is also directed toward improving crude oil and natural gas recovery and reducing natural field declines of existing producing assets throughout the world. Chevron Corporation announced a $32.7

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