Carbon Capture

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 …

Source: Reuters

Governance team sought for multibillion-dollar carbon offset market

Nasdaq


LONDON – A private sector taskforce set up to help grow the voluntary carbon offset market into a multibillion-dollar marketplace said on Thursday it was seeking members for the governance body who will set its rules.

Currently offsets, generated …

Source: Reuters

Global banks to launch voluntary carbon offset market platform

Reuters


LONDON – Four global banks will next month launch a pilot platform for buying and selling voluntary carbon credits, they said on Wednesday, the latest sign of growing interest from the financial community in the burgeoning carbon offset market.

Source: CNBC

Credit Suisse CEO says sustainable investing no longer means lower returns

CNBC


The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic had “substantially accelerated the trend towards ESG and sustainability” and sought to highlight the investment opportunity within the overall space.

“The demand that we see — …

Source: Reuters

EBRD stops investing in upstream oil and gas to align with Paris goals

Reuters


LONDON – The European Bank for Reconstruction and Development (EBRD) will stop investing in upstream oil and gas projects as part of plans to align its activities with the goals of the Paris Agreement on climate change by the …

Source: Reuters

EXCLUSIVE Shell plans to exit California joint venture with Exxon Mobil -sources

Reuters


Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters.

Shell has divested numerous carbon intensive assets this year, …

Source: Reuters

EU countries approve landmark climate change law

Reuters


BRUSSELS – European Union countries on Monday gave the final seal of approval to a law to make the bloc’s greenhouse gas emissions targets legally binding, as EU policymakers prepare a huge new package of policies to fight climate …

Source: Reuters

Old, small and CO2-intense: why Canada’s highest-carbon oil sites keep pumping

Reuters


WINNIPEG, Manitoba – In the shadow of Canada’s mega oil sands projects, smaller, technologically outdated facilities are churning out up to three times more emissions per barrel than the sector’s already high average.

These projects present another challenge to …

Source: Baker Hughes

Avitas delivers on new contract to provide continuous methane emissions monitoring for Roeslein Alternative Energy

Baker Hughes


HOUSTON – June 24, 2021 – Avitasa Baker Hughes business, has been awarded a contract from renewable energy operator Roeslein Alternative Energy (RAE) to provide continuous methane emissions monitoring at its 22 biogas lagoons in Missouri. …

Source: Reuters

Reuters Events: Power CEOs defend role for natgas in shift to climate-friendly grid

Reuters


WASHINGTON/MADRID/BOSTON – Power company executives argued during a global energy conference this week that natural gas will have a long-lasting role in the transition to a climate-friendly global economy, even as environmental groups, progressive politicians, and intergovernmental organizations contend …

Source: Reuters

Shell urged to drop appeal over landmark climate ruling

Reuters


LONDON – A Dutch activist group that won a legal battle against Royal Dutch Shell RDSa.L over its climate strategy has urged the company to ditch its appeal and hold joint talks on how to reduce its emissions, according …

Source: Reuters

Chevron has no plans to shrink conventional energy business

Nasdaq


U.S. oil major Chevron Corp CVX.N has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon …

Source: CNBC

The risk of the energy transition is that it only benefits a few, CEO says

CNBC


The coronavirus pandemic has sped up a transition in the energy industry, according to the CEO of Italian energy firm Enel, but a number of issues need to be addressed to ensure change takes place in a measured manner.

Source: Reuters

Reuters Events-Duke Energy CEO sees hurdles for Biden’s decarbonization timeline

Nasdaq


U.S. President Joe Biden’s target to decarbonize the nation’s power industry by 2035 will only be achievable if clean energy technologies like advanced nuclear and carbon capture rapidly become commercially viable, according the chief executive of leading U.S. utility …

Underdog activist Engine No. 1 is launching an ETF after big Exxon win

Underdog activist Engine No. 1 is launching an ETF after big Exxon win

CNBC


Engine No. 1, the upstart activist firm that put three candidates on Exxon’s board of directors, is launching an exchange-traded fund in a bet that shareholder activism will take center stage in coming years.

The Engine No. 1 Transform …