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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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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.

Future 221
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MCW Energy Group: successful initial testing of extraction of up to 99.9% of hydrocarbon content from oil sands tailings pond samples

Green Car Congress

MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announced successful results of processing random Alberta oil sands tailings ponds samples in a series of preliminary laboratory tests. Clean up and remedial fees from oil companies and/or governments.

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

Green Car Congress

In particular, Prentice seeks to shield Alberta’s emissions-intensive oil sands operations from the effects of emission reductions. The frequency of extreme weather and climate events is already on the rise in China, and is expected to have “immense impacts on socio-economic development and standards of living.”

Climate 236