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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. 2 Total SA.

Oil 418
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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. —PCAST letter to the President. The six key components are: 1.

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Are you optimistic about efforts to address climate change? Take our Twitter poll

Green Car Reports

policymakers as climate change. Now, with continuous growth in domestic oil and gas production over that period, you just don't hear energy security discussed as much. Scientists agree that the effects of manmade climate change, on the other hand.

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. —Glen Peters, a Research Director at the CICERO Center for International Climate Research. CO 2 emissions from oil use are expected to grow 2.2% [0.9% for oil, 1.1% The decline in 2020 of -5.2% increase in 2021.

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Santos reports successful CO2 capture and storage injection trial in Moomba CCS project

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Experts, including the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change have identified CCS as a critical technology to achieve the world’s climate goals.

CO2 243
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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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BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

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By creating carbon-neutral gasoline from CO 2 captured from the air, Prometheus Fuels allows the climate impact of today’s internal combustion engines to be massively reduced immediately. Clearly we aren’t switching to 100% electric vehicles tomorrow, so that’s not fast enough. —Greg Smithies, Partner, BMW i Ventures.

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