article thumbnail

Europe’s largest bank vows to stop funding new oil projects globally

Electrek

London-based HSBC, the largest bank in Europe and the 8th largest bank in the world, has announced that it will stop funding any new oil and gas developments globally. The post Europe’s largest bank vows to stop funding new oil projects globally appeared first on Electrek.

Oil 64
article thumbnail

Cohort of new stakeholders joins Open Hydrogen Initiative

Green Car Congress

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.

Hydrogen 482
article thumbnail

Europe’s sightseeing buses are graduating from vegetable oil fuel to electric and solar power

Baua Electric

Tootbus is currently operating buses that run on hydrotreated vegetable oil but is adopting BEV and solar technology with VEV’s help. Tootbus describes itself as the world’s first clean energy sightseeing bus company, specializing in hop-on hop-off tours around Europe, including Bath, London, Paris, and Brussels.

Solar 52
article thumbnail

Neste: use of our renewable fuels reduced global climate emissions by 8.3 million tons in 2017

Green Car Congress

Replacing fossil fuels with Neste’s renewable fuels reduced global climate emissions altogether by a 8.3 The figure equals removal of 3 million passenger cars from the roads for a full year—more than the amount of cars in the city of London, UK, for example. million metric tons—8.3

Renewable 150
article thumbnail

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

Green Car Congress

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

Oil 186
article thumbnail

Oil companies “break the circle”! Total Energy to build tens of thousands of charging piles in China

Setec Powerr

When “replacing oil with electricity” has become a trend, the transportation industry has maintained the era of fuel oil for hundreds of years, but it is also undergoing subversive changes. In addition to Total Energy, many oil giants in transition are also eyeing the charging pile business. who moved the oil cheese.

Oil 98
article thumbnail

IMO sets 2020 date for ships to comply with low sulfur fuel oil requirement; 5000 ppm

Green Car Congress

The International Maritime Organization (IMO), the regulatory authority for international shipping, decided to implement a global sulfur cap of 0.50% m/m (mass/mass) (5,000 ppm) on fuel oil starting 1 January 2020 during its Marine Environment Protection Committee (MEPC), meeting for its 70 th session in London.

Oil 150