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3 Oil Majors That Bet Big On Renewables

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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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IEEE’s Plan To Help Combat Climate Change

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The IEEE Board of Directors formed an ad hoc committee on climate change in February to coordinate its response to the global threat. Rahman: Its charter is to develop a cross-IEEE strategy to synchronize and guide the organization’s response to changes in the global climate. IEEE is here to listen to them.

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Kinder Morgan and Neste partner on major renewable fuels logistics project in US

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This clearly shows the positive role America’s existing energy infrastructure can play in creating a sustainable future and fighting climate change. It enhances Neste’s leading position, building on the company’s more than 15-year head start in creating an end-to-end renewable product value chain.

Renewable 320
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Ford sets target to become carbon-neutral globally by 2050

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Ford Motor Company intends to achieve carbon neutrality globally by 2050, while setting interim targets to address climate change challenges more urgently. We don’t have all the answers yet but are determined to work with all of our global and local partners and stakeholders to get there. Ford is investing more than $11.5

Carbon 252
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Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

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In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

Gasoline 357
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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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Global energy-related carbon dioxide emissions rose by 6% in 2021 to 36.3 The rebound of global CO 2 emissions above pre-pandemic levels has largely been driven by China, where they increased by 750 million tonnes between 2019 and 2021. billion tonnes, accounting for 33% of the global total. billion tonnes. billion tonnes.

Emissions 370
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Report: $12.1T must be invested in new renewable power generation over next 25 years to limit climate change

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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