article thumbnail

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

Green Car Congress

The all-stock merger will create a global top 10 independent energy company by production, and will also allow BHP to focus more intently on “future-facing commodities” that are most positively leveraged towards population growth, rising living standards, electrification and decarbonization, the company said. 28% interest).

Future 221
article thumbnail

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

Green Car Congress

The most important price signal that will spur consumers to save fuel is a tax on that fuel; Set fuel economy standards. Apart from India and countries in the EU, no Commonwealth countries have as yet adopted fuel economy, or CO 2 emission, standards; Regulate vehicle imports.

article thumbnail

UPS to invest $100M more in compressed natural gas, CNG vehicles and related infrastructure

Green Car Congress

CNG is made by compressing natural gas to less than one percent of the volume it occupies at standard atmospheric pressure. Trinidad, Colo., Trinidad, Colo., —Mark Wallace, UPS senior vice president global engineering and sustainability. Columbia, S.C.; El Paso, Texas; Fort Worth, Texas; Kansas City, Kan.; Phoenix, Ariz.;

El Paso 150
article thumbnail

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 expects that after processing tailings ponds with its extraction technology the recovered water may be reused in standard oil sands extraction processes and/or for irrigation. MCW Energy Group intends on licensing its technology, including the processing of tailings pond deposits on a worldwide basis.

Oil-Sands 220
article thumbnail

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

Green Car Congress

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.” ” [ 16 ]. European Union. Britain will do so, the rest of Europe will do so and I believe America will do so as well.

Climate 236