energy transition – Page 4

Larry Fink fears for the energy transition, warns of massive ‘market arbitrage’

November 2, 2021

CNBC LONDON — Larry Fink, chair and CEO of BlackRock, says the so-called energy transition toward greener power has to be radically rethought and blasted oil firms for selling out to private companies. Speaking at the Green Horizon Summit chaired by CNBC’s Julianna Tatelbaum during the COP26 climate conference in Glasgow, Scotland, Fink praised public companies for increasing their reporting of

Today’s global energy crisis is just the first in the “clean power” era

October 5, 2021

World Oil (Bloomberg) –The world is living through the first major energy crisis of the clean-power transition. It won’t be the last. The shortages jolting natural gas and electricity markets from the UK to China are unfolding just as demand roars back from the pandemic. But the planet has faced volatile energy markets and supply squeezes for decades. What’s different

OPEC and major oil companies each see a different path to energy transition

September 30, 2021

World Oil WASHINGTON (Bloomberg) – Two of Big Oil’s biggest players dropped their long-term energy outlooks this week: French energy company TotalEnergies and the Organization of the Petroleum Exporting Countries. They offer quite different visions of the world 25 years from now. The European energy major sees a future driven by technology and policy; the cartel presents a vision that

Baker Hughes CEO lays out ‘hard truths’ behind the energy transition as gas prices surge

September 22, 2021

CNBC The CEO of energy technology firm Baker Hughes has outlined what he feels are key points related to the energy transition amid deepening concern about rising gas prices and the knock-on effects this could have in the months ahead. In an interview with CNBC’s Dan Murphy at the Gastech conference in Dubai, United Arab Emirates earlier this week, Lorenzo Simonelli was

Shell shareholders increase pressure for further climate action

May 18, 2021

Reuters LONDON – Royal Dutch Shell shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate resolution filed by an activist group pointed to growing pressure to tackle climate change. A non-binding resolution submitted by Shell with the support of a large group of investors to vote on its recently unveiled climate strategy

Low carbon world needs $1.7 trillion in mining investment

May 10, 2021

Reuters LONDON – Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. The United States, Britain, Japan, Canada and others raised their targets on cutting carbon emissions to halt global

BrandAMP: Whitepaper – Carbon Capture, Utilization and Storage – Lynchpin for the Energy Transition

April 16, 2021

Oil and Gas 360 A recent whitepaper authored by Charles McConnell with the Center for Carbon Management in Energy at the University of Houston, in collaboration with the Gutierrez Energy Management Institute, focused on the new technologies required for an energy transition, none more critical than the broad commercial deployment of carbon capture, utilization and storage, or CCUS. The ability

What ‘energy transition’? Global fossil fuel use is accelerating and set to get even worse

April 14, 2021

CNBC LONDON — The world’s dependency on fossil fuels is likely to get even worse in the coming decades, exacerbating the risk of a climate catastrophe as world leaders and CEOs repeatedly tout their commitment to the so-called “energy transition.” Policymakers are under intensifying pressure to deliver on promises made as part of the Paris Agreement ahead of this year’s COP26,

Column: Ensuring the energy transition is equitable

April 8, 2021

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.

Energy transition risks political strife in oil-producing states: report

March 25, 2021

Reuters LONDON – The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday. “Algeria, Iraq and Nigeria will be among the first casualties of a slow-motion wave of political instability that will engulf an array of oil producing countries over the next 3-20

Latam lags in energy transition race; urgent needs unmet

March 5, 2021

Reuters MEXICO CITY – As oil majors and developed nations push for a faster transition to clean energy, much of Latin America is struggling just to cover its basic supply needs for fossil fuels, which is forcing some countries to actually rely more on dirty energy sources. Experts speaking at this year’s all-virtual CERAWeek conference said a portion of Latin

Energy leaders grapple with climate targets at virtual CERAWeek

March 1, 2021

Reuters NEW YORK – Global energy leaders and other luminaries like Microsoft co-founder Bill Gates bored in on the tough road to transforming world economies to a lower-carbon future at the kickoff of the all-virtual CERAWeek conference on Monday. Within that, there was a notable bit of tension as some oil and gas executives asserted their primacy, noting the need

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