Carbon Capture

Source: Reuters

Cargill launches U.S. carbon farming program for 2022 season

Nasdaq


Global commodities trader Cargill Inc CARG.UL said on Thursday it is launching a carbon farming program for the 2022 season that will pay growers for production practices that lower emissions and capture more climate-warming carbon in soils.

Cargill’s RegenConnect …

Source: CNBC

Chevron CEO explains why the oil giant’s lower-carbon investments look past wind and solar energy

CNBC


Chevron Chairman and CEO Mike Wirth told CNBC on Wednesday the oil company’s lower-carbon investments focus on areas such as renewable natural gas and hydrogen because it sees significant potential to create shareholder value.

“One of the things we’ve …

Source: Reuters

Investor group sets tough climate blueprint for Big Oil

Reuters


LONDON – Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production.

The …

Source: World Oil

Biden’s clean energy future won’t include natural gas

World Oil


WASHINGTON (Bloomberg) –Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress.

The proposal by …

Energy Vault, the Technology Company Using Gravity-based, Grid-Scale Energy Storage to Accelerate Global Decarbonization, to List on the NYSE Through Merger with Novus Capital Corporation II

Energy Vault, the Technology Company Using Gravity-based, Grid-Scale Energy Storage to Accelerate Global Decarbonization, to List on the NYSE Through Merger with Novus Capital Corporation II

Businesswire


INDIANAPOLIS & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–Novus Capital Corporation II (NYSE: NXU, NXU.U, NXU WS) (“Novus”), a U.S. publicly-traded special purpose acquisition company, and Energy Vault, Inc., the company creating gravity-based, grid-scale energy storage solutions with its proprietary …

Source: Reuters

World’s largest plant capturing carbon from air starts in Iceland

Reuters


The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said.

Swiss start-up Climeworks AG, which specialises in capturing …

Source: Reuters

Exxon to begin certifying some shale gas emissions amid investor pressure

Reuters


HOUSTON- Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers.

The largest …

Source: Reuters

Sinopec plans to spend $4.6 billion on hydrogen energy by 2025

Reuters


BEIJING/SINGAPORE – China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen as part of becoming a carbon-neutral energy …

Haynes and Boone, EnerCom Oil & Gas ESG Tracker

Haynes and Boone, EnerCom Oil & Gas ESG Tracker

Oil and Gas 360


Over the past year, environmental, social and governance (ESG) has been a transformative force in the oil and gas industry, driving company decision-making and impacting nearly every aspect of oil and gas production. In response to …

Source: Baker Hughes.com

Baker Hughes conducts CO2 sequestration study at California ethanol plant sites

World Oil


CUPERTINO, CA – A new study concluded that more than 2 million metric tons (MT) per year of CO2 can be removed from the atmosphere and injected safely into the earth at two ethanol plant sites in California. …

Source: Reuters

Exxon’s Imperial Oil outlines plan to produce plant-based renewable fuel

Reuters


Imperial Oil Ltd, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Strathcona refinery.

The project, which still requires final approval, is part of majority-owner …

Haynes and Boone, EnerCom Oil & Gas ESG Tracker

Haynes and Boone, EnerCom Oil & Gas ESG Tracker

Oil and Gas 360


Over the past year, environmental, social and governance (ESG) has been a transformative force in the oil and gas industry, driving company decision-making and impacting nearly every aspect of oil and gas production. In response to …

Source: Reuters

U.S. House bill would give tax credit for rare earth magnets

Reuters


A Democrat in the U.S. House of Representatives introduced legislation on Tuesday extending tax credits to companies that domestically produce rare earth magnets, a sector currently dominated by China.

The bill is the latest in a string of U.S. …

Source: Reuters

Canadian Natural sets new emission goals after profit beat

Reuters


Oil producer Canadian Natural Resources on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows.

Cash-rich Canadian oil sands producers have come under pressure to …

Source: Reuters

Column: IEA’s roadmap shows difficult journey to net zero: Kemp

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, …

Source: Reuters

EU extends tariffs on U.S. biodiesel for five years

Reuters


BRUSSELS – The European Union will retain its tariffs on U.S. biodiesel for a further five years after concluding that removing them would likely lead to a surge of imports at artificially low prices.

The tariffs, dating back to …

Regulations crack-down on fugitive methane emissions

Regulations crack-down on fugitive methane emissions

Oil & Gas 360


Publisher’s Note: Trido Solutions will be presenting in-person on the Methane Mitigation Panel at The Oil & Gas Conference on Wednesday, August 18th from 1:30 p.m. MT – 2:30 p.m. MT at the Westin Denver Downtown

Source: Reuters

Low-carbon hydrogen is not cheap and needs support, says major energy organization

CNBC


Low-carbon hydrogen isn’t “cost competitive with other energy supplies in most applications and locations” and the situation is unlikely to change unless there’s “significant support to bridge the price gap,” according to the World Energy Council.

Published Tuesday, the …

Regulations crack-down on fugitive methane emissions

Regulations crack-down on fugitive methane emissions

Oil & Gas 360


Publisher’s Note: Trido Solutions will be presenting in-person on the Methane Mitigation Panel at The Oil & Gas Conference on Wednesday, August 18th from 1:30 p.m. MT – 2:30 p.m. MT at the Westin Denver Downtown

Source: Reuters

Column-Rising global energy use complicates path to net zero: Kemp

Reuters


LONDON – Global energy consumption is likely to increase by between 50% and 100% from present levels by 2050, underscoring how challenging it will be to satisfy rising energy demand while simultaneously reducing net emissions to zero.

Primary energy …

Source: CNBC

Action on climate change can provide a shot in the arm for the global economy, economist says

CNBC


Ramping up investment in policies and technologies to tackle climate change could play a significant role in the global economy’s recovery from the coronavirus pandemic.

In a recent note, Charles Dumas, chief economist at U.K.-based investment research firm TS

Source: Reuters

Brazil’s offshore revival seeks to double crude output by 2030

Worldoil.com


RIO DE JANEIRO (Bloomberg) –If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival.

There, buses and trucks are …

Source: CNBC

Are electric cars ‘green’? The answer is yes, but it’s complicated

CNBC


The number of electric vehicles on the world’s roads is surging, hitting a record number last year.

That would seem to be good news, as the world tries to wean itself off fossil fuels that are wrecking the

Source: Reuters

Gas lobbyists ramp up efforts as EU mulls sustainability label

Reuters


LONDON – Gas industry lobbyists have stepped up meetings with European Union policymakers amid a political tussle on whether to badge the fuel as sustainable, analysis from campaign group Reclaim Finance showed.

Gas-related lobbyists held 323 meetings between January …

Source: Reuters

COLUMN-Developing nations need help to quit coal addiction: Kemp

Reuters


LONDON – Coal-fired power plants are proving hard to shutdown in developing economies because they are cheap and convenient, but keeping them going is pumping out carbon dioxide at a rate far beyond the level needed to achieve net …

Source: CNBC

Carbon capture is expected to play a pivotal role in the race to net zero emissions. But not everyone agrees

CNBC


LONDON — Carbon capture technology is often held up as a source of hope in reducing global greenhouse gas emissions, featuring prominently in countries’ climate plans as well as the net-zero strategies of some of the world’s largest oil …

Source: Reuters

EU proposes world’s first carbon border tax for some imports

Reuters


BRUSSELS/LONDON – The European Commission on Wednesday put forward plans for the world’s first carbon border tax, on imports of carbon-intensive steel, aluminium, cement, fertilisers and electricity, as part of a programme to meet its new climate target.

The …

Source: Reuters

Shell unveils carbon capture project in Canada’s Alberta province

Brecorder


CALGARY: Royal Dutch Shell said on Tuesday it plans to build a large-scale carbon capture and storage (CCS) project near Edmonton, Alberta, joining a number of other companies proposing clean energy initiatives in Canada’s main oil-producing province.

The Polaris …

Source: Reuters

US’s Yellen urges better coordination on carbon policy

Reuters


U.S. Treasury Secretary Janet Yellen called on Friday for better international coordination on carbon-cutting policies to avoid trade frictions, days before the European Union is due to unveil a controversial carbon border tax.

The EU’s carbon border adjustment mechanism …

Source: Reuters

Analysis: Europe’s carbon push stokes backlash fears

Nasdaq


BRUSSELS/LONDON – A European Union plan to extend carbon pricing to the fuel used in cars and to heat homes is facing a wall of early resistance from countries and lawmakers fearing a public pushback unless backers find ways …