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3 Oil Majors That Bet Big On Renewables

Green Car Congress

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. Indeed, much of Big Oil's reduction in greenhouse gas (GHG) emissions leans on the so-called natural gas bridge. 2 Total SA.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% Fossil fuels still dominated energy consumption with 87% market share, while renewables rose fastest but are still only 2% of the global total.

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

For natural gas, it is the world’s second largest producer , behind the United States and ahead of Iran, and its largest exporter. percent stake in the enormous Sakhalin-2 oil and gas development. Peter Kovalev/TASS/Getty Images So how did Europe become addicted to Russian fossil fuels, particularly natural gas?

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