Reuters CANBERRA – Australian Prime Minister Scott Morrison stopped short of endorsing a 2050 target for net zero greenhouse gas emissions ahead of U.S. President Joe Biden’s climate summit this week. In a speech on Monday, he said only that Australia, the highest per capita carbon emitter among the world’s richest nations, will achieve net zero “as quickly as possible
Dominion Energy advances hydrogen as next frontier of clean energy – New clean …
CNBC LONDON — If there’s one word that can be associated with wind energy, it’s “big.” From billion-dollar deals to vast wind farms capable of powering a million homes, the industry has undergone a massive expansion in the last few years. According to a recent report from the Global Wind Energy Council, the sector installed 93 gigawatts (GW) of new capacity in 2020,
CNBC Electric vehicles will play a critical role in Royal Dutch Shell’s efforts to cut emissions, according to a senior executive at the oil giant. “If you look at the decarbonization opportunities of this mobility sector, EV plays a crucial role,” said Huibert Vigeveno, downstream director at Shell, adding that the company intends to expand its global electric vehicle charging stations network
CNBC JPMorgan Chase said Thursday it will commit more than $2.5 trillion over the next decade toward long-term solutions that tackle climate action and contribute to sustainable development. Within the initiative, $1 trillion is earmarked for green projects, including renewable energy and clean technologies that are focused on speeding the transition to a low-carbon economy. The $2.5 trillion target, which
Reuters LONDON – Global oil prices could drop to around $40 a barrel by 2030 if governments push to reduce fuel consumption in step with U.N.-backed plans to limit global warming, a leading energy consultancy said on Thursday. In a report outlining a scenario where the world acts decisively to tackle greenhouse gas emissions by electrifying transport and industry, Edinburgh-based
Reuters FRANKFURT – Europe could devote 40,000 km (24,800 miles) of natural gas pipelines to hydrogen by 2040 once production and imports of the alternative fuel take off, transmission systems operators (TSOs) said on Tuesday. The hypothetical European hydrogen backbone scenario envisages how elements of 2020 “green” hydrogen strategies at European Union and national level will fit together, said speakers
Reuters CALGARY, Alberta -New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s Comptroller Thomas DiNapoli said on Monday. The fund will divest more than $7 million in securities already held in the companies, and not make any further
Reuters LONDON – Phasing out consumption of fossil fuels in favour of zero-emission sources of energy will cause major social and economic disruption, creating a large number of losers as well as winners. Policymakers have begun to focus on the need for a just or equitable transition to address some of these impacts and broaden political support for ambitious decarbonisation.
CNBC No single country can solve the climate crisis — and the American pursuit of greater research and development on climate change is not a counter to China, the Biden administration’s climate envoy John Kerry told CNBC on Sunday. “No one nation can solve this problem by itself — impossible. Each of us need everybody else at the table to
Reuters Canada’s biggest oil sands producers are generating billions more in free cash flow in a faster-than-expected pandemic rebound, but taking a cautious approach to spending it that is disappointing environment-minded investors. Their strategy to repay debts and pay shareholders has won praise from investors in Canadian Natural Resources, Suncor Energy and Cenovus Energy who are eager for higher returns.
Reuters The Biden administration aims to transform the United States into the world’s leading producer of energy from offshore wind after years of lagging behind Europe, a senior official said on Wednesday. President Joe Biden’s cabinet earlier this week unveiled a plan to boost the industry that promised new acreage, faster permitting, and billions of dollars in financing – part
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