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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.

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Snam and Saipem sign MoU to work together on green hydrogen development and CO2 capture

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To date, 70% of our order book in the engineering and construction (E&C) sector is not related to oil. —Marco Alverà, CEO of Snam.

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PCAST suggests 6 key components for climate change strategy to President Obama; adaptation and mitigation

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The President’s Council of Advisors on Science and Technology (PCAST) released a letter to President Obama describing six key components the advisory group believes should be central to the Administration’s strategy for addressing climate change. Improving coordination and support for research efforts on climate change preparedness.

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Viridos executes agreement with ExxonMobil to help scale algae biofuels toward commercial levels

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The recent productivity advances in Viridos’ technology are an opportunity to turn CO2 into renewable diesel and sustainable aviation fuels, providing an essential component for the decarbonization of the heavy-duty transportation industry. —Vijay Swarup, vice president of Research and Development at ExxonMobil.

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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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The recovery of energy demand in 2021 was compounded by adverse weather and energy market conditions—notably the spikes in natural gas prices—which led to more coal being burned despite renewable power generation registering its largest growth to date.

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

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Replacing all fuels made from oil and gas with zero-net-carbon fuels could reduce approximately 25% of global carbon emissions, making this one of the largest levers that modern society has in the fight against climate change. Aqueous CO 2 electrolysis with base-metal catalysts. to C 2 fuel products such as ethanol.

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

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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.

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