article thumbnail

The $32-Trillion Push To Disrupt The Entire Oil Industry

Green Car Congress

Stock-exchanged listed companies will need to address the will of their shareholders, especially with regards to climate change policies or decarbonization of the economy. After decades of having focused on creating maximum shareholder returns, things have changed dramatically, but maybe not for the better.

Oil 231
article thumbnail

State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

Green Car Congress

Comparison of proposed Keystone XL route to previously proposed project segment. Aside from the potential construction and spill impacts of the pipeline, the scope of the climate change impacts have become the most contentious and politicized issue surrounding the pipeline. Source: Draft SEIS. Click to enlarge.

article thumbnail

Maersk sets net zero CO2 emission target by 2050

Green Car Congress

The maritime industry emitted close to 1000 million tonnes of CO 2 in 2012, representing about 2.2% Already, Maersk’s relative CO 2 emissions (CO 2 emissions per container moved) have been reduced by 46% (baseline 2007), approximately 9% more than the shipping industry average. of global CO2 emissions. Moller - Maersk.

CO2 286
article thumbnail

Russia Moves To Rein In Gas Flaring, Mandating 95% Gas Capture by 2012; Signals About-Face On Climate Change

Green Car Congress

comparison, Russia’s projected South Stream gas pipeline is estimated. comparison, Russia’s projected South Stream gas pipeline is estimated. policy on climate change within the past week, replacing the previous. industries as well as the recent economic decline. industries as well as the recent economic decline.

article thumbnail

3 Oil Majors That Bet Big On Renewables

Green Car Congress

An analysis of near-term spending plans on renewables by the biggest oil and gas companies shows that real investments in renewable energy will continue to pale in comparison to capex plans for greenfield fossil fuel projects. Let this sink in: In 2018, Big Oil spent less than 1% of its combined budget on green energy projects.

Oil 418
article thumbnail

Global Carbon Project: Global carbon emissions growth slows, but hits record high

Green Car Congress

The findings are outlined in three new papers published in Earth System Science Data , Environmental Research Letters , and Nature Climate Change. While annual emissions are decreasing slowly in many industrialized regions—including the U.S., Peregon (2019), Nature Climate Change doi: 10.1038/s41558-019-0659-6.

Carbon 195
article thumbnail

Steep increase in global CO2 emissions despite reductions by industrialized countries; driven by power generation and road transport

Green Car Congress

Global emissions of CO 2 have increased by 45% between 1990 and 2010, and reached an all-time high of 33 billion tonnes in 2010 despite emission reductions in industrialized countries during the same period. By comparison, Chinese per capita CO 2 emissions of 6.8 After a decline in global CO 2 emissions in 2009 of 1% (including a.

Global 281