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Study finds global oil demand likely to grow despite pandemic, climate policies

Green Car Congress

The COVID-19 pandemic has significantly affected both consumer and commercial transportation, but global oil demand will probably continue to grow through 2030, according to a new study. In three of the four scenarios, global oil demand continued to grow through 2030. Lines represent global oil demand by study scenario.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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.

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Toyota among the ‘2022 world’s most obstructive companies on climate policy’ with oil giants

Electrek

The Japanese automaker ranked among the “world’s most obstructive companies on climate policy” of 2022, with oil giants like Exxon Mobile, Chevron, and leading Russian oil companies.

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Climate TRACE Lifts the Veil on Oil & Gas Emissions

CleanTechnica EVs

By Deborah Gordon & Frances Reuland When it comes to climate, oil and gas are the 800-pound gorilla in the room. The production and refining processes for oil and gas account for about one-tenth of human-made greenhouse gases (GHGs), making the sector one of the world’s largest emitters. Courtesy of RMI.

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EPA and DOE to provide more than $1B to reduce methane emissions from oil and gas sector

Green Car Congress

The US Environmental Protection Agency (EPA) and US Department of Energy (DOE) are partnering to provide more than $1 billion in funding to help reduce methane emissions from the oil and gas sector through the creation of the Methane Emissions Reduction Program.

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Study finds carbon emissions benefits of reduction in oil demand depend on size of drop and global oil market structure

Green Car Congress

New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

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Here’s where Big Oil stands on climate plans – and it’s not good

Electrek

Major US and European oil and gas companies are failing to meet the bare minimum of their promises to reach net zero by 2050 in order to align with the Paris Agreement, according to a new study released today. The post Here’s where Big Oil stands on climate plans – and it’s not good appeared first on Electrek.

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