Remove Climate Remove CO2 Remove Oil Remove Renewable
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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.

Oil 418
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Bosch, Shell, and Volkswagen develop renewable gasoline with 20% lower CO2; rollout of Blue Gasoline this year

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The new fuel, called Blue Gasoline, similarly contains up to 33% renewables, ensuring a well-to-wheel reduction in carbon emissions of at least 20% per kilometer driven. On the road to climate-friendly mobility, we must ensure we don’t leave any technical opportunities untapped, starting with electromobility and ending with renewable fuels.

Gasoline 393
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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. Rob McGinnis (2020) “CO 2 -to-Fuels Renewable Gasoline and Jet Fuel Can Soon Be Price Competitive with Fossil Fuels,” Joule doi: 10.1016/j.joule.2020.01.002.

Gasoline 321
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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.

Hydrogen 323
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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.

Emissions 370
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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CO 2 emissions from the residential and commercial sectors (associated with natural gas and distillate fuel oil consumption, for example) were nearly unchanged from 2018, and the increase in industrial sector CO 2 emissions (+8 MMmt) partially offset a decrease in transportation sector CO 2 emissions (-13 MMmt).

2019 273
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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.