Carbon Capture

Source: Reuters

Canada’s cash-rich oil sands firms face pressure to spend on transition

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 …

Source: Reuters

Biden proposal: $174 billion for EVs, new funds for renewable power

Reuters


WASHINGTON – President Joe Biden’s vast infrastructure plan includes $174 billion to boost the markets for electric vehicles and billions more for renewable power – both provisions aimed at weaning the U.S. off of fossil fuels and combating climate …

Source: gunvorgroup.com

Energy trader Gunvor to cut emissions by 40%, sets up renewables arm

Reuters


LONDON  – Energy trader Gunvor Group aims to cut its Scope 1 and 2 emissions by 40% in absolute terms by 2025, the company said on Tuesday, and has set up a new subsidiary to invest in non-hydrocarbon projects.…

Source Reuters

Biden targets big offshore wind energy expansion to fight climate change

Reuters


The administration of U.S. President Joe Biden said on Monday that it has set a goal to vastly expand the nation’s offshore wind energy capacity in the coming decade by opening new areas to development, speeding environmental permitting, and …

Haynes and Boone, EnerCom release inaugural report on ESG movement’s impact on Oil and Gas sector

Haynes and Boone, EnerCom release inaugural report on ESG movement’s impact on Oil and Gas sector

Oil and Gas 360


Haynes and Boone, LLP and EnerCom, Inc. have launched a new research report that tracks how oil and gas companies are responding to growing pressure to support and communicate environmental, social and governance (ESG) policies and …

Haynes and Boone, EnerCom release inaugural report on ESG movement’s impact on Oil and Gas sector

Haynes and Boone, EnerCom release inaugural report on ESG movement’s impact on Oil and Gas sector

Oil and Gas 360


Haynes and Boone, LLP and EnerCom, Inc. have launched a new research report that tracks how oil and gas companies are responding to growing pressure to support and communicate environmental, social and governance (ESG) policies and …

American Petroleum Institute endorses carbon pricing as oil and gas industry faces pressure on emissions

American Petroleum Institute endorses carbon pricing as oil and gas industry faces pressure on emissions

CNBC


The oil and gas industry’s largest trade group Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after it long resisted regulatory action on climate change.

The American Petroleum Institute’s move comes as President Joe Biden

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

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

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 …

Source: Reuters

Baker Hughes joins Norwegian Arctic carbon storage project

Reuters


OSLO – Oilfield services firm Baker Hughes is teaming up with Norway’s Horisont Energi to explore the possibility of storing more than 100 million tonnes of carbon under the Barents Sea in the Arctic, the companies said on Tuesday.…

Source: Reuters

World’s top emitters a long way from aligning with climate goals

Reuters


LONDON – The world’s biggest carbon-emitting companies are far from aligning with the Paris Climate Agreement, a report by the leading climate-focused investor group showed on Monday.

Climate Action 100+, whose 575 members manage $54 trillion in assets, was …

Source: Reuters

EnerCom Dallas Presenter Update: Suncor Energy to accelerate decarbonization with carbon capture technology.

Oil and Gas 360


ESG Takes Center Stage at The EnerCom Dallas Energy Investment & ESG Conference April 6-7

Editor’s Note: Suncor Energy (NYSE: SU) is Canada’s leading integrated energy company working together with stakeholders to responsibly supply the energy …

Source: Reuters

Column: India may join net-zero emissions club, but membership won’t be easy

Reuters


LAUNCESTON, Australia- India may be the last major climate change domino to fall into place as the government considers setting a target to reach net zero carbon emissions, in line with similar moves by other major polluters.

India is …

Source: Reuters

Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says

Reuters


LONDON – Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study …

EnerCom announces preliminary list of participating companies at the EnerCom Dallas Energy Investment and ESG Conference, April 6-7, 2021

EnerCom announces preliminary list of participating companies at the EnerCom Dallas Energy Investment and ESG Conference, April 6-7, 2021

EnerCom Announces Preliminary List of Participating Companies at the EnerCom Dallas Energ…

Source: CNBC

German steel powerhouse turns to ‘green’ hydrogen produced using huge wind turbines

CNBC


A major green hydrogen facility in Germany has started operations, with those behind the project hoping it will help to decarbonize the energy-intensive steel industry in the years ahead.

The “WindH2” project involves German steel giant SalzgitterE.ON

Source: CNBC

With Covid relief passed, Biden prepares to stake his presidency and Democratic majorities on infrastructure

CNBC


With President Joe Biden’s Covid-19 stimulus package just a signature away from becoming law, the White House now turns its attention to assembling and passing a once-in-a-generation infrastructure bill.

It’s not clear what the legislation will include. Yet the …

Source: Reuters

Chevron reinforces plan to deliver higher returns, lower carbon

Targets more than doubling return on capital employed by 2025 Expects free …

Source: Reuters

Schlumberger New Energy, Chevron, and Microsoft collaborate on carbon negative Bioenergy

Clean Energy Systems technology to remove the equivalent of CO 2 emissions from…

Source: Reuters

Oil industry lobby weighs support of carbon pricing: source

Reuters


WASHINGTON – The main U.S. oil industry lobby group, the American Petroleum Institute, is weighing endorsing a price on carbon emissions, a major shift after long resisting mandatory government climate policies, a source familiar with the decision-making said.

The …

Source: Reuters

Global LNG demand expected to almost double by 2040: Shell

Reuters


LONDON – Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.

Demand was 360 million tonnes last year, up slightly from …

February 25, 2021 - 10:00 am Carbon Capture, Closing Bell Story‎, Energy News, LNG
Source: Reuters

Chevron launches $300 million fund to focus on low-carbon technology

Reuters


Chevron Corp on Thursday said it had launched a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green energy and tackle climate change.

Major energy firms have set …

Source: Reuters

Chevron and BP back renewable start-up focused on geothermal energy

CNBC


Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included participation from BP Ventures and Chevron Technology Ventures as big oil companies increase investments in renewable energy.

Geothermal power is renewable energy produced from …

Reuters

Tight supply and hydrogen hopes drive iridium up 160%

Reuters


LONDON – Iridium has become the latest precious metal to undergo a spectacular price rally, after supply shortages and expectations it will be used to produce hydrogen to power a greener economy lifted its value by 160% in two …

Source: Reuters

With oil past peak, Shell sharpens 2050 zero emissions goal

Reuters


LONDON – Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition from previous targets, as its oil output declines from a 2019 peak.

The Anglo-Dutch company is in the midst of its

Source: Reuters

Macquarie taps renewables trend with $2 billion infrastructure fund

Reuters


LONDON – Macquarie, the world’s largest infrastructure investor, has raised 1.6 billion euros ($1.93 billion) for its second global renewables fund, driven by strong demand from institutional investors in Britain and Germany.

Countries and companies are seeking to increase …

Source: Reuters

State oil firms risk wasting $400 billion as energy transition speeds up

Reuters


LONDON – National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said …

Source: Reuters

Big Oil CEO says going green ‘will have a cost for everybody’ — and governments need to explain that

CNBC


LONDON — The chief executive of French oil major Total called on governments to explain the cost of carbon neutrality pledges, urging policymakers to make the “affordability” of an energy transition clear to everybody.

His comments come at a

Source: Reuters

Shell targets power trading and hydrogen in climate drive

Reuters


LONDON – Royal Dutch Shell is betting on its expertise in power trading and rapid growth in hydrogen and biofuels markets as it shifts away from oil, rather than joining rivals in a scramble for renewable power assets, company …

Source: Bloomberg

Clean tech selling more stock than ever amid Biden climate push

msn.com


Publisher’s Note: EnerCom and Colorado School of Mines, present The Energy Venture Investment Summit on Wednesday, February 10th – Thursday, February 11th, 2021.  The featured presenters include companies within the air quality and methane monitoring, renewable
Marathon Oil announces executive compensation changes and GHG emissions intensity reduction initiatives

Marathon Oil announces executive compensation changes and GHG emissions intensity reduction initiatives

Oil and Gas 360


HOUSTON Jan. 27, 2021 /PRNewswire/ — Marathon Oil Corporation (NYSE: MRO) today announced an update regarding its environmental, social, and governance (ESG) performance, including significant changes to its executive compensation framework as well as new …