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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.

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Cohort of new stakeholders joins Open Hydrogen Initiative

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In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.

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Global Carbon Project: Global carbon emissions growth slows, but hits record high

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Driven by rising natural gas and oil consumption, levels of CO 2 are expected to hit 37 billion metric tons this year, according to new estimates from the Global Carbon Project (GCP), an initiative led by Stanford University scientist Rob Jackson. and China account for more than half of all carbon dioxide emissions globally.

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S&P Global: More than 75% of oil and gas production in US Gulf of Mexico has lower than average greenhouse gas intensity

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More than three-fourths of all oil and gas production in the US Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average, according to a new S&P Global Commodity Insights analysis. For comparison, the GHG intensity range for 99% total 2021 production across the North Sea study area extends to c.

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Nucor investing in start-up company Electra developing zero-carbon iron technology

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Electra uses renewable energy to refine low-grade iron ores into high-purity iron through electrochemical and hydrometallurgical processes. The company electrochemically refines iron ore into pure iron at 60 degrees Celsius (140 degrees Fahrenheit) using renewable electricity. Electra’s process results in zero carbon dioxide emissions.

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EPIC: state-level renewable electricity mandates increase electricity prices up to 17% over 12 years; cost more expensive than benefit

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As states take the lead in confronting climate change, a flagship policy is often Renewable Portfolio Standards (RPS). RPS programs, which require that a certain percentage of the state’s electricity come from renewable sources, currently cover 64 percent of the electricity sold in the United States.

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NREL: Untapped potential exists for blending hydropower, floating PV

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Hybrid systems of floating solar panels and hydropower plants may hold the technical potential to produce a significant portion of the electricity generated annually across the globe, according to an analysis by researchers at the US Department of Energy’s National Renewable Energy Laboratory (NREL). 2020.08.080.

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