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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. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

Oil 418
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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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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.

Emissions 370
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EIA: CO2 emissions from US power sector have declined 28% since 2005

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The power sector has become less carbon-intensive as natural gas-fired generation displaced coal-fired and petroleum-fired generation and as the noncarbon sources of electricity generation—especially renewables such as wind and solar—have grown. In 2005, noncarbon sources accounted for 28% of the US electricity mix.

2005 414
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BMW Group secures CO2-reduced steel for global production network

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For the Americas region, the BMW Group has already reached agreements with domestic steel producers Steel Dynamics (SDI) and Big River Steel, a US Steel facility, to use renewable energy sources in their local steel production. If electricity from renewable energies is used for this process, then steel production is almost CO 2 -free.

BMW 444
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SRI developing process for co-gasification of methane and coal to produce liquid transportation fuels; negligible water consumption, no CO2

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Researchers from SRI International (SRI) are developing a methane-and-coal-to-liquids process that consumes negligible amounts of water and does not generate carbon dioxide. In conventional CTL approaches, energy is supplied by burning a portion of the coal feed, which then produces carbon dioxide. HR0011-10-0049. DARPA solicitation.

Coal 257
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Researchers Say Mix of Policies and Current or Near-Term Technologies Could Phase Out US CO2 Emissions from Coal-Fired Power Plants by 2030

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CO 2 emissions from US coal-fired power plant could be phased out entirely by 2030 using existing technologies or ones that could be commercially competitive with coal within about a decade, according to a paper published online 30 April in the ACS journal Environmental Science & Technology. Credit: ACS, Kharecha et al.

Coal 239
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EIA: projected US CO2 emissions vary up or down depending on coal and nuclear power plant retirements

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EIA’s Annual Energy Outlook 2014 (AEO2014) features several accelerated retirements cases that represent conditions leading to additional coal and nuclear plant retirements in order to examine the potential energy market and emissions effects of the loss of this capacity. Nuclear power and renewables do not emit CO 2. Source: EIA.

Coal 199