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

Green Car Congress

Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. On 5 August, the BHP Board approved US$544 million in capital expenditure to execute the Shenzi North oil project in the US Gulf of Mexico. 2P reserves of more than 2 billion boe comprising 59% gas, and 41% liquids. The project will deliver 4.35

Future 221
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Fuel economy measures could cut Commonwealth countries’ cumulative oil bill by US$3.2T through 2050

Green Car Congress

Commonwealth countries can cut their cumulative oil bill by £2 trillion (US$3.2 Given that about half the Commonwealth’s and world’s oil is used in transport and oil accounts for about 95% of transport fuel use, this could spell economic disaster for the oil importing countries which make up the vast majority of the Commonwealth.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

ºF) above pre-industrial levels to avoid the most catastrophic effects of climate change, and that global GHG emissions would have to peak around 2020 and then sharply decline by 50% to 85% by the year 2050. AR4 also affirmed that warming would have to be held to no more than 2 ºC to 2.4 ºF) increase. Earlier post.)

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