Nasdaq HOUSTON – Exxon Mobil Corp XOM.N has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis, Exxon said the prospect of the world achieving net-zero carbon dioxide emissions by 2050 is
CNBC BP said it is investing 20 million Australian dollars ($13.53 million) in Australian renewable company 5B, which specializes in solar technology. The energy major said the investment in 5B — made via its subsidiary BP Ventures — wrapped up a Series B funding round of 55 million Australian dollars that had been co-led by Artesian and the AES
Reuters LONDON – Polarised responses to the International Energy Agency report on achieving net zero emissions by 2050 reveal the enormous challenges of the goal and differences about whether it is realistic in the timeframe. Like the Rorschach inkblot test, reactions to the report reveal more about the reader’s own views on how energy and climate systems change than about
Reuters LONDON – Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, calling instead for a large expansion of renewable energy technologies. A global climate pact agreed in 2015 to cap the rise in temperatures to as close as
Reuters LONDON/BRUSSELS – Oil major BP BP.L has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role of the fossil fuel in the transition to a lower-carbon world. The European Commission – aiming to reach net-zero greenhouse gas emissions by 2050 – had planned to
Reuters LONDON – Natural gas, long touted as a transition fuel by policymakers and industry, is losing its appeal for some producers in Europe as they try to reach net-zero emissions. Below are examples of projects that have been dropped, gas asset sales and companies shifting focus. SOLD AND SCRAPPED Earlier this year, Drax Group, which aims to become carbon
Canada, Ultra Safe Nuclear Corporation One Step Closer to Constructing World’s First Micr…
CAPP issues statement on Canadian Net-Zero Emissions Accountability Act Canada …
Enbridge (NYSE: ENB) recently unveiled new environmental, social, and governa…
energy-pedia Oil & Gas 360 Publishers Note: This is an excellent example from Equinor and Norway on the oil & gas market working to accelerate efforts to capture CO2. On 30 October Prime Minister Erna Solberg opened the world’s largest CO2 transport test facility at Equinor in Porsgrunn. The test facility transports CO2 in pipelines, both in gas and liquid form. The
DOE WASHINGTON, D.C. – Today, the U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) announced selection of four projects for cost-shared research and development under the funding opportunity announcement (FOA), DE-FOA-0002180, Design Development and System Integration Design Studies for Coal FIRST Concepts. When fully negotiated and awarded, it is estimated that approximately $80 million in federal funding will be
An Ontario nuclear power company is getting $20 million from Ottawa to try to get its new small modular reactor in line with Canada’s safety regulations. The grant to Terrestrial Energy in Oakville, Ont., is the first investment Canada has made in small modular reactors, or SMRs. It comes just weeks before Natural Resources Minister Seamus O’Regan expects to produce
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