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. The report found that shipping within the Arctic as defined by the International Maritime Organization (IMO) consumed an estimated 436,000 tonnes of fuel and emitted 193 tonnes of black carbon in 2015.

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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). Ships registered to Panama (15%), China (11%), Liberia (9%), Marshall Islands (7%), Singapore (6%), and Malta (5%) were the largest emitters. Marine CO 2 emissions are projected to double by 2050 as international trade expands unless effective policies are developed to constrain emissions growth.

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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

This planned spending includes initial appraisal of new acreage captured over the past two years, including Liberia, China and various international shale gas plays. Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. We continue to develop an unparalleled project queue.

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