ExxonMobil Corp. and Saudi Basic Industries Corp. (Sabic) Gulf Coast Growth Ventures petrochemical complex under construction in Gregory, Texas, U.S., on Wednesday, July 28, 2021. Eddie Seal | Bloomberg | Getty Images LONDON — The world’s largest oil and gas majors are seeking to lure back investors by returning more cash to shareholders. Market participants,
Environment
In this article BP.-GB ENGI-FR YAR-NO As society attempts to find ways to reduce its environmental footprint, decarbonizing a broad range of sectors and industrial processes will be crucial in the years ahead. Time is of the essence when it comes to finding new solutions and technologies to do this, if the Intergovernmental Panel on
Originally published on the NRDC Expert Blog.By Amanda Eaken and Sarah Kline, Federal Transportation Consultant to NRDC. The Biden administration has set an ambitious climate goal for America: a 50 percent decrease in greenhouse gas (GHG) emissions by 2030. To reach this goal, changing the way we move must be key since transportation is the largest contributor
Ironically, it was John Howard, a long serving Australian Liberal (Conservative) Prime Minister, who brought in subsidies for household rooftop solar in Australia (circa 2007). As well as subsidies for the upfront purchase, there were generous feed-in tariffs (FIT). The solar system on my roof was installed in 2009 and I have a feed-in tariff
In the western parts of Victoria, rich in solar and wind resources, many solar and wind projects are stuck because of grid stability and access problems. They are facing lengthy delays in getting connected, and even when connected, their output is curtailed. However, progress is afoot. After years of squabbles with a recalcitrant federal government
In this article ENEL-IT SRG-IT BP.-GB Aleksander Kalka | NurPhoto | Getty Images Oil and gas giant BP said Wednesday “the production of green hydrogen and green ammonia using renewable energy” was now technically feasible at scale in Australia. The energy major’s conclusion is based on the findings of a feasibility study announced in May
Drazen_ | E+ | Getty Images A transition to renewable sources of energy will prompt a surge in demand for base metals in the coming years, Wood Mackenzie has predicted. In a report published Monday, analysts at the energy consultancy said that as governments fulfil commitments to limit global warming, a growing reliance on solar
A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity’s “final wake-up call” by environmental experts. Speaking to CNBC Tuesday, environmentalists outlined the role companies, countries and individuals can play in stemming the crisis. They also shared their hopes for the 26th UN Climate Change Conference of the Parties,
In this article CVX XOM OXY The oil and gas sector has been experimenting with solar power as a generation source for oil operations for decades, such as this Chevron (then ChevronTexaco) California project in 2003. As costs of solar come down and pressure intensifies on oil companies to cut emissions, more renewable energy will
In this article @CL.1 XLE CVX It’s been a volatile week for crude oil. West Texas Intermediate was under pressure again on Friday for a second day in a row, falling below $69 a barrel, though it remained on pace for a nearly 1% gain for the week. These moves in the commodity come as
Originally published on the NRDC Expert Blog.By Gabrielle Habeeb & Ashok Gupta Eliminating carbon emissions from our building and transportation sectors will be critical to maintaining a healthy and livable climate. This week’s IPCC report makes it clear that heat waves will continue to worsen — so we must rise to the challenge in addressing and living
This is the third in a series of articles I’m writing about flow battery technology, with a couple of articles devoted to Agora Energy Technologies’ specific technology. The first article dealt with flow batteries in general, and why they are a strongly promising component for grid storage. The second dealt with Agora’s unique differentiators. This
Agora Energy Technologies just won the 2021 Keeling Curve Prize for Capture & Utilization, sharing it with another firm this year. Earlier this year, it won first prize in the Hello Tomorrow global deeptech competition against 5,000 entrants from 128 countries. Agora’s technology is revolutionary, and the awards are well deserved. They picked up the
Municipal sewage sludge ranks high upon the list of things that are sure in life, right alongside death and taxes. The good news is that it can be dried and re-used as fertilizer, or upcycled into various forms of renewable energy. The bad news is that all these processes require energy, which can put you
As part of my ongoing deep dives into different portions of the climate solution space, I’ve been working my way through grid energy storage solutions. That led to my recent pair of broad articles on grid storage, Grid Storage Winners Part 1: Assessing The Major Technologies, and Grid Storage Winners Part 2: How Much Of
In this article ORSTED-DK RWE-DE Alex Kraus | Bloomberg | Getty Images The chief financial officer of German utility RWE on Thursday acknowledged the importance of weather to its renewables segment, as the company reported “much lower” wind volumes in Northern and Central Europe for the first half of 2021. In an interview with CNBC,
Solar panels in the Indian state of Karnataka. Jonas Gratzer | LightRocket | Getty Images The Indian government has said that the country’s installed renewable energy capacity had “crossed the milestone” of 100 gigawatts. In a tweet Thursday, R. K. Singh, India’s minister of power, described the news as “another landmark day” in the history
Local jobs. Increased tax revenues. Income for landowners. Clean, homegrown energy. These are just a few of the many benefits wind energy projects offer the communities in which they are located. But when it comes to deciding if a wind project is right for them, communities can find it challenging to weigh potential benefits against
There once was a conspicuous consumer who bought a red Tesla because he thought it looked good and he enjoyed having people notice him. “Virtue signaler,” the conservationists and nature lovers called him. “Were the battery materials sources sustainably? Will they be recycled without destroying the environment?” The conspicuous consumer bought solar panels and put
In this article MSFT A Bronx rooftop with a view of Manhattan in the distance is covered with solar panels. As climate and racial justice are connected, ESG experts say more clean energy projects and jobs need to come to neglected urban communities. DON EMMERT | AFP | Getty Images Climate crises across the country
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