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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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bp to exit its 19.75% shareholding in Rosneft

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Impact on reporting and finances. As a result of the resignations of bp’s nominated directors, bp has determined that it no longer meets the criteria set out under International Financial Reporting Standards (IFRS) for having “significant influence” over Rosneft. Bob Dudley has been a director of Rosneft since 2013.

Russia 186
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ICCT suggests minor changes to Fed tax policy to cut higher investment risk of 2nd-gen biofuels and advance the industry

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The Renewable Fuel Standard (RFS2) in the U.S. In addition, the industry faces barriers from the impending “blend wall” of 10% ethanol in gasoline and uncertainty regarding policies and oil prices. While a Federal tax credit for the production of second-generation biofuels exists, its use has remained limited.

Tax 262
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Report finds Coal-to-Liquids and Oil Shale pose significant financial and environmental risks to investors

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Shell’s recent agreement to develop oil shale in Jordan at a projected cost of $20 billion illustrates the potential cost of these projects. CTL production is projected to rise in the US from virtually no production today to about 91 million barrels per year by 2035, according to the Energy Information Administration.

Coal 210
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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

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To date, the paper notes, the shipping industry has not acted decisively to realize its potential to reduce emissions via low carbon energy due to a number of reasons, include capital cost, patchwork regulations, lack of standards, lack of appropriate infrastructure and uncertainty regarding long-term availability of fuel.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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The report calculated that if companies had to pay for the full environmental costs of their production, they would lose 41 cents for every US$1 in earnings on average. Global food prices are predicted to rise 70 to 90 percent by 2030. Source: KPMG. Click to enlarge. billion in 2005.

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Study details viable pathway to develop sustainable aviation biofuels industry in Pacific Northwest; hydroprocessing of natural oils seen as the most immediate opportunity

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path” to help overcome key commercial and sustainability challenges and speed fuel production. Established hydroprocessing technologies to produce aviation fuels from natural oils. The remaining product would be mostly renewable diesel, with. —SAFN report. fractions as propane and naphtha. renewable diesel.

Oil 230