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BHP offboards its petroleum business in merger with Woodside; focus on “future-facing commodities”

Green Car Congress

The all-stock merger will create a global top 10 independent energy company by production, and will also allow BHP to focus more intently on “future-facing commodities” that are most positively leveraged towards population growth, rising living standards, electrification and decarbonization, the company said. —BHP CEO Mike Henry.

Future 221
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Auto Racing Test Drives Its Own EV Future

Cars That Think

Formula E , the FIA’s offshoot of the global spectacle that is Formula 1 , has gone from awkward baby steps to sprint-level speed in just eight years. Internal combustion is notoriously inefficient, turning at most 40 percent of burnt fossil-fuel energy into forward motion.

Future 81
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IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies

Green Car Congress

The International Institute for Sustainable Development’s Geneva-based Global Subsidies Initiative ( GSI ) has issued a five-part series of reports into how nations might remove fossil-fuel subsidies, on the eve of a meeting of G20 finance ministers in Washington this week. in total by 2010 to 0.7% per year to 2050.

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