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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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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. CO 2 emissions from natural gas use have grown a sustained 2.2% CO 2 emissions from oil use are expected to grow 2.2% [0.9% Emissions from gas are projected to rise by 4.7% Emissions from gas are projected to rise by 4.7%

Global 221
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EIA: US energy-related CO2 fell by 2.8% in 2019, slightly below 2017 levels

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In 2019, CO 2 emissions from petroleum fuels—nearly half of which are associated with motor gasoline consumption—fell by 0.8%, and CO 2 emissions from the use of natural gas increased by 3.3%. Nearly all of the change in CO 2 emissions in 2019 arose in the electric power sector.

2019 273
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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. CO 2 emissions from natural gas rebounded well above their 2019 levels to 7.5

Emissions 370
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BMW i Ventures invests in Prometheus Fuels; CO2 air-capture and conversion to carbon-neutral gasoline

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BMW i Ventures has invested in Prometheus Fuels ( earlier post ), a company removing CO 2 from the air and turning it into zero-net carbon gasoline that it will sell at gas stations, at a price that competes with fossil fuels, starting as early as this year.

Gasoline 321
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VTT and Neste to build integrated Power-to-Liquids demo facility; CO2 capture, green hydrogen and e-fuels production

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The technology demonstration will employ CO 2 capture from flue gas, hydrogen production by highly efficient high-temperature electrolysis and fuel synthesis based on Fischer-Tropsch technology. —Lars Peter Lindfors, Senior Vice President Innovation at Neste.

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Empa and partners exploring DME as fuel with new heavy-duty test engine

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In cooperation with a major European supplier, a new oil-lubricated common-rail pump had therefore been developed. An electrically driven compressor for precise exhaust gas recirculation is also used. This is done via exhaust gas recirculation (EGR). Dimethyl ether (DME) can be produced from hydrogen and CO2.

Engine 410