ICCT study examines current & projected use of heavy fuel oil in Arctic shipping; growth in BC emissions points to need for policies

Green Car Congress

A new study by the International Council on Clean Transportation (ICCT) estimates heavy fuel oil (HFO) use, HFO carriage, the use and carriage of other fuels, black carbon (BC) emissions, and emissions of other air and climate pollutants for the year 2015, with projections to 2020 and 2025. Top: Heavy fuel oil use (tonnes) in the Arctic, 2015, with minimum sea extents. However, with expanded Arctic shipping comes the increased risk of accidents, oil spills, and air pollution.

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Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

Expert predictions about where oil and gas prices are headed vary widely. Some expect both to remain steady due to global economic conditions while others point to the return of $3/gallon gas (in the states) fueled mainly by an increase in foreign demand. In July of 2008, oil futures hit their record high of more than $145 per barrel and several areas of the country neared $5/gal. Liberia.

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ICCT study finds GHGs from shipping on the rise

Green Car Congress

Emissions of greenhouse gases (GHGs) from global shipping are on the rise again, according to a new study released by the International Council on Clean Transportation (ICCT). Accordingly, CO 2 emissions from global shipping (oceangoing vessels, domestic ships, and fishing vessels) increased from 910 to 932 million tonnes over the same period. Container ships (23%), bulk carriers (19%) and oil tankers (13%) accounted for more than half of CO 2 emissions.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Planned capital spending is also directed toward improving crude oil and natural gas recovery and reducing natural field declines of existing producing assets throughout the world. Global exploration funding is expected to be $3 billion in 2012.

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