Carbon Capture

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 …

Source: Reuters

UK companies use EU to hedge carbon amid post-Brexit uncertainty

Reuters


LONDON/BRUSSELS – Some British companies are still buying permits from the EU carbon market as uncertainty over Britain’s planned domestic carbon market means they can’t yet use it to protect themselves against future price rises.

When utilities sell power …

Source: Reuters

EU sees carbon border levy as ‘matter of survival’ for industry

Reuters


BRUSSELS  – The European Union’s proposed carbon border charge is essential to the survival of its own industries and the bloc will impose the levy on non-EU competitors unless they commit to lowering their emissions, the bloc’s climate policy …

Source: Reuters

EU to shift funding away from gas, into low-carbon energy

Reuters


BRUSSELS – The European Commission on Tuesday proposed rules to restrict funding for natural gas projects and instead funnel cash into low-carbon technologies to meet climate goals.

The EU’s “TEN-E” rules define which cross-border energy projects are eligible to

Source: Reuters

Britain proposes domestic emissions trading scheme from Jan 1

Reuters


The British government said on Monday it will establish a domestic emissions trading scheme (UK ETS) from Jan. 1 to replace the current EU regime, as it presented its long-awaited white paper on energy policy.

Britain exits the EU …

Source: Reuters

Germany agrees amended energy law to boost renewables

Reuters


BERLIN – Germany’s ruling coalition has agreed changes to a new energy law that aims to boost renewable power and help the country meet its goal of producing 65% of its electricity from green sources by 2030, the environment …

Source: Reuters

Asset manager group aims for carbon neutral investments by 2050

Reuters


LONDON (Reuters) – A group of 30 asset managers with more than $9 trillion under management launched the Net Zero Asset Managers Initiative on Friday to help clients ensure their portfolios are carbon neutral by 2050.

The group, which …

December 11, 2020 - 1:30 pm Carbon Capture, Closing Bell Story‎, Energy News, Finance
Source: Reuters

EU carbon price rises to all-time high after EU climate deal

Reuters


LONDON – The price of benchmark European Union carbon permits rose to an all-time high above 31 euros a tonne on Friday, after EU leaders reached a deal on more ambitious emissions cuts this decade.

The contract rose to …

Source: Reuters

Who will spearhead Biden’s climate, energy and agriculture policies?

Reuters


WASHINGTON  – President-elect Joe Biden has vowed an overhaul of U.S. energy and environment policy to fight climate change, with a goal of bringing the economy to net-zero emissions by 2050.

While the plan has yet to be clearly …

Source: Reuters

Big carbon? Oil majors turn to nature to help plug revenue gap

Reuters


LONDON – Oil companies such as BP and Shell are nurturing nature as a future revenue stream, betting on an expected rise in carbon credit prices as their fossil fuel profits ebb.

BP last year put $5 million into …

December 8, 2020 - 11:30 am Carbon Capture, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Fossil fuels in Japan’s power mix should be less than half by 2030, lawmakers say

Reuters


TOKYO – Fossil fuels should account for less than half of Japan’s mix of power sources in 2030, a group of ruling party lawmakers proposed on Wednesday as Prime Minister Yoshihide Suga aims to cut the nation’s greenhouse gas …

Source: Reuters

Petrobras, Equinor stake out opposite renewables strategies in Brazil

Reuters


RIO DE JANEIRO  – Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce …

Source: Reuters

China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol

Reuters


OSLO – China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday.

“As of today, Chinese emissions this year, 2020, …

Source: Reuters

EU drafts deal to upgrade 2030 climate change target next month

Reuters


BRUSSELS – The European Union has drafted a deal to curb greenhouse gas emissions by at least 55% by 2030, against 1990 levels, a target it hopes its 27 members will endorse at a summit next month, the document …

Source: Reuters

Analysis: Carbon pricing rises as world’s weapon of choice in climate fight

Reuters


LONDON/BRUSSELS  – Can you put a price on pollution? Some of the world’s biggest economies are doing just that as they wrestle with how to make good on grand pledges to tame planet-warming emissions.

Matters are coming to a …

Source: Reuters

Green is the new black in boom for clean energy funds

Reuters


LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses.…

Source: CNBC

Big Oil execs say they’re not worried about Biden’s energy plan, hope to ‘get his staff on board’

CNBC


LONDON — The prospect of a Joe Biden presidency and the most progressive climate strategy the U.S. has ever attempted is not something that should concern the energy industry, oil and gas executives have told CNBC.

Instead, they hope …

U.S. energy-related carbon dioxide emissions fell in 2019, mainly in electric generation

U.S. energy-related carbon dioxide emissions fell in 2019, mainly in electric generation

EIA

After rising by 3% in 2018, energy-related carbon dioxide (CO2) emissions fell 3% in the United States in 2019. According to the U.S. Energy Information Administration’s (EIA) U.S. Energy-Related Carbon Dioxide Emissions, 2019 analysis, total energy-related CO2 emissions in …

Ultra Safe Nuclear Corporation Partners with Synthos Green Energy to Develop Micro Reactor-Based Systems to Decarbonize Company Chemical Facilities

Ultra Safe Nuclear Corporation Partners with Synthos Green Energy to Develop Micro Reactor-Based Systems to Decarbonize Company Chemical Facilities

Ultra Safe Nuclear Corporation Partners with Synthos Green Energy to Develop Micro Reacto…

Source: Reuters

Energy group Equinor aims for net zero emissions by 2050

Reuters


OSLO – Norwegian energy company Equinor EQNR.OL aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, its new chief executive said as he took …

Source: Reuters

Analysis: Biden’s clean-energy ‘revolution’ faces challenge to match fossil-fuel jobs, pay

Reuters


WASHINGTON/NEW YORK  – Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a “clean energy revolution that creates millions of unionized middle-class jobs” if he’s elected.…

Source: Reuters

Big Oil shares capitulate to COVID, lower carbon doubts

Reuters


LONDON – Royal Dutch Shell RDSa.L and BP BP.L have lost over half of their market value so far this year, with both shares hitting 25-year lows this week, battered by weak oil prices and investor concerns over their …

Source: CNBC

How Biden’s $1.7 trillion climate plan would change America after Trump’s Big Oil presidency

CNBC


Looking for policy differences between President Donald Trump and his Democratic challenger former Vice President Joe Biden? The most stark may be on climate change, the issue that more than any other will shape America’s energy future.

Biden

Saudi Aramco sends first blue ammonia shipment to Japan

Saudi Aramco sends first blue ammonia shipment to Japan

argus


London, 28 September (Argus) — State-controlled Saudi Aramco has sent what it said is the world’s first shipment of blue ammonia to Japan. The product, which Aramco produced by converting hydrocarbons to hydrogen and then to ammonia, will be …

September 28, 2020 - 5:42 am Carbon Capture